Event Venue with Commercial
19697 F Drive S Marshall, MI 49068
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 Market64
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
Changed: Jul 10
Last Checked: Jul 29 at 2:14PM
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
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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
