Event Venue with Commercial
19697 F Drive S Marshall, MI 49068
19697 F Drive S, Marshall, MI, 49068
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For Sale
Contact for pricing
Fully renovated event facility with banquet space and an equipped commercial kitchen, plus a newly renovated 4-bedroom home.
Property Size9,603 SF
Price / SF$88.51
Days on Market57
Property Features for 19697 F Drive S
General Information
- Standard status
- Active
- Size
- 9,603 SF
- Property subtype
- Business for Sale, Mixed Use, Special Purpose
Building Details
- Year Built
- 1940
Listing agency
Berkshire Hathaway HomeServices Michigan Real Estate
Listed by
Crystal McFadden · License #6501460680
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:53PM Checked: Jul 19 at 7:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Michigan Real Estate
Investment Insights
Based on property information with market context.
The main building is an event and banquet facility of approximately 9,000 square feet that was originally a country church and has been converted into a full-service venue. It includes a large banquet hall, multiple meeting rooms, several offices, an elevator, and ample storage. A fully renovated commercial kitchen is equipped and ready for catering services.
The property is situated on a spacious countryside parcel and is currently hosting and actively booking weddings, receptions, corporate events, and private parties. In addition to the event facility, the offering includes a newly renovated residential home of approximately 2,500+ square feet.
This setup can support operators looking for an on-site catering and events platform, with back-of-house kitchen space and dedicated rooms for meetings and administration. The included 4-bedroom, 3-bath home provides on-site living or flexible use alongside venue operations, depending on how the property is run.
The property is situated on a spacious countryside parcel and is currently hosting and actively booking weddings, receptions, corporate events, and private parties. In addition to the event facility, the offering includes a newly renovated residential home of approximately 2,500+ square feet.
This setup can support operators looking for an on-site catering and events platform, with back-of-house kitchen space and dedicated rooms for meetings and administration. The included 4-bedroom, 3-bath home provides on-site living or flexible use alongside venue operations, depending on how the property is run.
Key Highlights
- Main event & banquet facility is approx. 9,000 sq. ft., originally built as a country church
- Fully renovated commercial kitchen equipped and ready for catering services
- Includes large banquet hall, meeting rooms, multiple offices, an elevator, and ample storage
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.0k | $9.48 |
| − Vacancy | −$6.2k | −$0.64 |
| EGI | $84.8k | $8.84 |
| − OpEx | −$25.5k | −$2.65 |
| NOI | $59.4k | $6.18 |
9,603 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.53M
$1.34M – $1.78M
NOI $106,808 @ 7.0% cap · market cap 12.57%
Second Best
Industrial
$848.5K
$742.4K – $989.9K
NOI $59,392 @ 7.0% cap · market cap 6.99%
Theoretical Best
Healthcare Medical
$113.91M
$99.67M – $132.90M
NOI $7,973,996 @ 7.0% cap · market cap 938.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Wedding venues
Similar For Sale Nearby
FAQs
What type of property is this?
Wedding venue - Fully renovated event facility with banquet space and an equipped commercial kitchen, plus a newly renovated 4-bedroom home.
Where is this wedding venue located?
The property is located at 19697 F Drive S Marshall, MI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Main event & banquet facility is approx. 9,000 sq. ft., originally built as a country church; Fully renovated commercial kitchen equipped and ready for catering services; Includes large banquet hall, meeting rooms, multiple offices, an elevator, and ample storage
