Banquet Facility on High-Traffic
For Lease
$8 SF/Yr
872 E Michigan Ave, Marshall, MI 49068
Turn-key banquet facility with expansion and restaurant/bar potential.
Space Size5,400 SF
Property Size12,526 SF
Lot Size1.20 Acres
Days on Market206
Property Features for 872 E Michigan Ave
General Information
Standard status
Active
Size
5,400 SF
Lot size
1.20 Acres
Property subtype
Retail
Lease Term
MG
Building Details
Building Size
12,526 SF
Year Built
1980
Spaces For Lease
at 872 E Michigan Ave Contact us- Size
- 5,400 SF
- Term
- 60 months
Cedar Crest Banquet Centre & Catering $8/SF/Yr
Listing Agency:
(517) 881-5308
Listed By:
Scott Adams
(517) 881-5308
Source:
Naiglobal
Added: Jan 27
Changed: Aug 8
Last Checked: Aug 20 at 4:25AM
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 Scott Adams
Investment Insights
Based on property information with market context.
This fully furnished, contemporary banquet facility has a long-term history of hosting weddings, birthday parties, business banquets, fundraising events, and graduation open houses. Located on 1.2 acres of high-traffic E Michigan Ave in Marshall, Michigan, just east of downtown, the property benefits from its location in a growing community with heavy investments coming from the EV automotive industry. The facility seats up to 276 guests and features a professional kitchen and a full bar with a freezer and cooler. Two new HVAC rooftop units have been installed. There is an expansion opportunity for outdoor weddings. The property could also be used as a restaurant or bar. A State of Michigan Class C Liquor license is available to purchase for onsite use only, and as a separate transaction. This is a turn-key business opportunity.
Key Highlights
- Turn‑key, fully furnished banquet facility ready for immediate operation.
- High‑traffic location on E Michigan Ave** in a growing community with EV automotive industry investments.
- Seating capacity for up to 276 guests.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.20 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Restaurant - Turn-key banquet facility with expansion and restaurant/bar potential.
Where is this restaurant located?
The property is located at 872 E Michigan Ave Marshall, MI.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: Turn‑key, **fully furnished banquet facility ready for immediate operation.**; High‑traffic location on E Michigan Ave** in a growing community with EV automotive industry investments.; Seating capacity for up to 276 guests.
