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    872 Michigan Ave Marshall, MI 49068

    Sponsored
    For Lease
    $9 SF/Yr ($9,394 /Mo)

    Turnkey Banquet Facility, 5,400-6,900 SF

    Lot size:
    12,526 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 12,526 square foot turnkey banquet facility, situated on 1.2 acres in Calhoun County, presents a unique investment opportunity. Built in 1980, the property currently features a single, fully furnished suite encompassing a professional kitchen, full bar equipped with freezer and cooler, and seating for up to 276 guests. A significant 5,400 square feet of space is currently vacant, offering immediate occupancy for a new tenant. The minimum divisible space is 5,400 square feet, with a maximum contiguous space of 6,900 square feet. This versatile property boasts a rich history of hosting weddings, birthday parties, corporate events, and more. Its ample parking and potential for outdoor wedding expansions add significant value. The property's existing infrastructure lends itself to a variety of uses, including a restaurant or bar. A Michigan Class C liquor license is available for purchase, exclusively for on-site use, and is not sold separately. This turnkey operation provides an immediate return on investment, eliminating the need for extensive renovations or start-up costs. The property's established reputation and diverse potential uses make it an attractive proposition for discerning investors seeking a profitable venture in a thriving market.

    Property Features for 872 Michigan Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,526 SF
    Total Rate
    9394.5

    Building Details

    Year Built
    1980

    Unit(s) available at that property

    Space
    Available Space
    Size
    5,400 SF
    Rate per SF
    $9

    HighLights

    • Turnkey banquet facility with furnishings.
    • Commercial kitchen included.
    • Seats up to 276 guests.
    • Full bar, freezer, and cooler included.
    • Outdoor wedding venue potential.
    • Restaurant or bar conversion opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Joseph Kline Fitness ... Personal Trainer Star Fitness Gym Blue Lotus Massage ... Massage Therapist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Marshall
    County
    Calhoun
    State
    Michigan
    Longitude
    -84.9439533
    Latitude
    42.2734911

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    FAQs

    What type of property is this?
    Retail property - Turnkey Banquet Facility, 5,400-6,900 SF
    Where is this retail property located?
    The property is located at 872 Michigan Ave Marshall, MI.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: Turnkey banquet facility with furnishings.; Commercial kitchen included.; Seats up to 276 guests.
    Request Owner's contact information
    872 Michigan Ave Marshall, MI 49068
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    Marshall, MI 49068
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    Realmo Value Estimation

    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.

    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.

    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
    872 Michigan Ave Marshall, MI 49068
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