202 W Michigan Avenue Marshall, MI 49068
COMMERCIAL - Marshall, MI
- Added:
- Jul 13, 2026
- Days on Market:
- 1
- Last Refresh:
- Jul 13 at 9:06 pm
Property Features for 202 W Michigan Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 3
- Rooms
- Basement, Bathroom 3, Bathroom 1, Bathroom 2
- Interior features
- Broadband
- Standard status
- Active
- APN
- 53-000-401-00
- Size
- 4,560 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LL@LO
- Tax Annual Amount
- 3566
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1900
- Number of units
- 3
- Building materials
- Brick
- Roof type
- Rubber
Listing agent Brian Fazekas License #6506047758 (269) 209-2286
Listing office Berkshire Hathaway HomeServices Michigan Real Estate 105 W Michigan Ave., Kalamazoo, MI (269) 789-0140
Listing date Jul 13, 2026
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.
The property is located in downtown Marshall at 202 W Michigan Avenue, and it sits on a corner along Michigan Avenue and Eagle St. The location is described as within walking distance of restaurants, boutiques, breweries, and year-round community events, supporting an active downtown setting.
For a buyer seeking a single property that combines commercial frontage with residential rental income, this configuration provides retail and apartment uses in one building.
Key Highlights
- Brick corner mixed‑use building with retail/commercial space and two upstairs apartments
- Two residential units: one‑bedroom and two‑bedroom (income‑producing apartments)
- Roof material: rubber; heating is forced air; cooling includes window unit(s)
Local Financial Insights For Apartment 5plus
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 | $66.8k | $14.64 |
| − Vacancy | −$3.7k | −$0.82 |
| EGI | $63.0k | $13.82 |
| − OpEx | −$28.4k | −$6.22 |
| NOI | $34.7k | $7.60 |
