Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Marshall Title is generated by Realmo AI

    1150 W Michigan Ave, Marshall, MI 49068

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space in Marshall, close to downtown and local attractions.

    Type:Retail
    Added:
    Aug 28, 2020
    Days on Market:
    2108
    Last Refresh:
    May 12 at 8:53 pm

    Property Features for 1150 W Michigan Ave

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 1150 W Michigan Ave Contact us

    We can help!

    Listing Contact
    Jason Yuhasz

    Listing agent Jason Yuhasz License #FLBO

    Listing office Legacy Commercial Properties

    Listing date Aug 28, 2020

    Source Crexi

    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 Legacy Commercial Properties

    HighLights

    • Prime location in charming Marshall, offering a blend of local attractions and amenities.
    • Close proximity to the historic downtown area with well‑preserved architecture, shops, and dining.
    • Benefits from favorable demographics and a strong sense of local community.
    • Nearby Brooks Memorial Fountain and Park provides a picturesque setting.
    • Exceptional opportunity for retail businesses to establish a strong presence.
    • Engage with the vibrant Marshall market through community events like the Historic Home Tour and Car Show.

    Overview

    Located in Marshall, the area surrounding 1150 W. Michigan Ave. offers an environment for retail or strip center tenants. The property is near the historic downtown area, known for its architecture and locally-owned shops and dining options. Brooks Memorial Fountain and Park provides a setting for community gatherings and events. The location presents an opportunity for retail businesses to establish a presence and engage with the Marshall market. The area has a blend of local attractions and amenities. The location benefits from favorable demographics and a sense of local community, including the annual Historic Home Tour and Historic Marshall Car Show.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jake's Fireworks Discount Store Wild Bill's Tobacco (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marshall
    County
    Calhoun
    State
    Michigan
    Longitude
    -84.981653
    Latitude
    42.272302

    Nearby Similar for Lease

    • $1,600/Mo
      1,984 SF

      Spacious Industrial Workshop for Rent

      1984 SF industrial space near Blue Oval factory.
      14947 Michigan Avenue, Marshall, MI 49068
      View Details
    • $3 SF/Yr
      45,985 SF

      Industrial/Warehouse Space in Marshall, MI

      Industrial/warehouse space available in Marshall, Michigan, near major transportation routes.
      1507 S Kalamazoo Avenue, Marshall, MI 49068
      View Details
    • $3 SF/Yr
      45,985 SF

      Industrial Space in Marshall, Michigan

      Industrial/warehouse space available in Marshall, near major transportation routes.
      1507 S Kalamazoo Avenue, Marshall, MI 49068
      View Details
    • $1,600/Mo
      1,984 SF

      Spacious Industrial Workshop for Rent

      1984 SF industrial space with office, storage, and parking.
      14947 Michigan Ave, MarshallTownship_Calhoun, MI 49068
      View Details
    • $8 SF/Yr
      12,526 SF

      Banquet Facility on High-Traffic Avenue

      Turn-key banquet facility with expansion and restaurant/bar potential.
      872 E Michigan Ave, Marshall, MI 49068
      View Details
    • $14 SF/Yr
      5,300 SF

      Marshall Office Suites For Rent

      Office suites available in Marshall, suitable for professional services.
      13464 Preston Drive, Marshall, MI 49068
      View Details
    • $14 SF/Yr
      5,300 SF

      Marshall Office Space For Lease

      Office property available for lease in Marshall, Michigan.
      13464 Preston Drive, Marshall, MI 49068
      View Details
    • $14 SF/Yr
      5,300 SF

      Office and Retail Space Available

      Office and retail suites available with parking.
      13464 Preston Drive 250, Marshall, MI 49068
      View Details
    • $14 SF/Yr
      1,500 SF

      Office and Retail Space Available

      Office and retail suites available with parking.
      13464 Preston Dr Ste 250, Marshall, MI, 49068-9684
      View Details
    • Contact for pricing

      Industrial Space in Marshall, MI

      Industrial property available for lease in Marshall, Michigan.
      1508 George Brown Dr, Marshall, MI 49068
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in Marshall, close to downtown and local attractions.
    Where is this retail space located?
    The property is located at 1150 W Michigan Ave Marshall, MI.
    What are key features of this property?
    This property features: Prime location in charming Marshall, offering a blend of local attractions and amenities.; Close proximity to the historic downtown area with well‑preserved architecture, shops, and dining.; Benefits from favorable demographics and a strong sense of local community.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jason Yuhasz
    Real Estate License ID: FLBO
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1150 W Michigan Ave, Marshall, MI 49068
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!