Wedding Venue With Commercial
For Sale
$850,000
19697 F Drive S, Marshall, MI 49068
Commercial Sale, Marshall, MI
Property Size9,603 SF
Lot Size1.40 Acres
Price / SF$88.51
Days on Market140
Property Features for 19697 F Drive S
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Basement, Bathroom 1
Elementary school district
Marshall
Middle school district
Marshall
High school district
Marshall
Standard status
Active
APN
09-170-021-00
Size
9,603 SF
Lot size
1.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Legal info in office
Tax Annual Amount
8700
Legal Description
Legal info in office
Utilities
Utilities
Propane
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Amenities
meeting rooms
offices
elevator
storage
Building Details
Year built
1940
Number of units
2
Roof type
Composition
Listing Agency:
Berkshire Hathaway HomeServices Michigan Real Estate
(269) 565-3322
Listed By:
William Coats · License #6506040497
(269) 565-3311
Added: May 28
Changed: Oct 8
Last Checked: Oct 14 at 6:06PM
MLS# 26025475
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Set on 1.4 acres in Marshall, this property combines an event and banquet facility with a renovated four-bedroom, three-bath residence. The main building spans approximately 7,000 square feet and includes a banquet hall, meeting rooms, offices, storage, and elevator service. A fully renovated commercial kitchen supports catering operations, while forced-air heating and central air serve the improvements.
The venue was originally constructed as a country church in 1940 and is currently hosting and booking weddings, receptions, corporate events, and private parties. The approximately 2,500+ square-foot home has recently been renovated. Site utilities include propane, well water, and a septic tank, with a composition roof on the main building.
The venue was originally constructed as a country church in 1940 and is currently hosting and booking weddings, receptions, corporate events, and private parties. The approximately 2,500+ square-foot home has recently been renovated. Site utilities include propane, well water, and a septic tank, with a composition roof on the main building.
Key Highlights
- Approximately 7,000‑square‑foot event and banquet facility
- Approximately 2,500+ square‑foot recently renovated home
- 1.4‑acre property in Marshall, MI
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,392
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,187,840
$1.2M
Cap Rate 7%
$848,457
$848.5K
Cap Rate 9%
$659,911
$659.9K
Market Conditions
NOI Build-Up for 9,603 SF
Gross rent
$91.0K $9.48/SF
− Vacancy
−$6.2K −$0.64/SF
EGI
$84.8K $8.84/SF
− OpEx
−$25.5K −$2.65/SF
NOI
$59.4K $6.18/SF
Area
Calhoun County, MI
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,187,840
Cap Rate 7%
$848,457
Cap Rate 9%
$659,911
Alternative Uses
Best Use
Mixed Use
$1.70M
$1.49M – $1.99M
NOI $119,269 @ 7.0% cap · market cap 14.03%
Second Best
Specialty Retail
$1.53M
$1.34M – $1.78M
NOI $106,808 @ 7.0% cap · market cap 12.57%
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 authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 49068, MI
14,325
Population
6,901
Households
2.1
Avg Household Size
45
Median Age
36%
College-Educated
96%
High-School Grad
129.9 sq mi
ZIP Area
110
Density / Sq Mi
$78,476
Median Household Income
$47,198
Median Earnings
$904
Median Rent
$196,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Wedding venue - Countryside event property with banquet facilities, office space, and a renovated residential 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: Approximately 7,000‑square‑foot event and banquet facility; Approximately 2,500+ square‑foot recently renovated home; 1.4‑acre property in Marshall, MI
