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    15861 Michigan Ave Marshall, MI 49068

    Sponsored
    For Lease
    Contact for pricing

    Prime Calhoun County retail opportunity.

    Lot size:
    54,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Marshall Plaza, located at 15861 W Michigan Ave, Marshall, MI 49068, presents a unique retail investment or lease opportunity. This 54,000 square foot commercial property currently offers two available suites, totaling 54,000 square feet of vacant space. Individual suites range from a minimum of 10,000 square feet to a maximum contiguous space of 44,000 square feet, providing flexibility for various retail concepts. The property benefits from its location in Calhoun County, Michigan, offering convenient access to I-69 and I-94. Currently undergoing renovations, including a complete roof replacement and build-out to accommodate future tenants, including Dollar Tree and Tractor Supply. The building is being converted to a condominium structure, resulting in individual ownership for each tenant. This provides an exceptional opportunity for businesses seeking a high-visibility location with strong potential for growth. The flexible floor plans cater to a wide array of retail uses. This property offers one of the best retail opportunities in the market.

    Property Features for 15861 Michigan Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    54,000 SF

    Unit(s) available at that property

    Space
    Available space
    Size
    44,000 SF
    Space
    Out Parcel
    Size
    10,000 SF

    HighLights

    • High‑visibility pylon sign on W Michigan Ave with 25,000+ vehicles per day.
    • 360 feet of high‑visibility frontage.
    • Ample parking with outparcel development potential.
    • Two truckwells accommodating 53' trailers.
    • Business‑friendly local government.
    • High‑traffic location, one of the highest‑traffic Family Fare locations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rite Aid Photo Photo Lab Jakes Fireworks Fireworks Store Sandy K. Daniels, ... Pharmacy Rite Aid Pharmacy Pharmacy Sears Appliance Repair Appliance Repair Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Marshall
    County
    Calhoun
    State
    Michigan
    Longitude
    -84.9859796
    Latitude
    42.2724916

    Nearby Comparable

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      7,048 SF

      Marshall Retail Space: High Visibility

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      1150 Michigan Ave, Marshall, MI 49068
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      Marshall Office Suites For Rent

      Office suites available in Marshall, suitable for professional services.
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      Marshall Office Space For Lease

      Office property available for lease in Marshall, Michigan.
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      Industrial Space in Marshall, Michigan

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      Cedar Crest Banquet Center For Sale

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      Battle Creek Office Space For Rent

      1479 sq ft office space available for $1500/month.
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      Battle Creek Shopping Center Space

      Retail spaces available in established Battle Creek shopping center.
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    Nearby Similar for Lease

    • $14 SF/Yr
      5,300 SF

      Marshall Office Suites For Rent

      Office suites available in Marshall, suitable for professional services.
      13464 Preston Dr, 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 Dr, 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 Ave, 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 Ave, Marshall, MI 49068
      View Details
    • Contact for pricing
      7,048 SF

      Marshall Retail Space: High Visibility

      7,048 SF Retail Space, Ample Parking
      1150 Michigan Ave, Marshall, MI 49068
      View Details
    • $9 SF/Yr
      12,526 SF

      Cedar Crest Banquet Center For Sale

      Turnkey Banquet Facility, 5,400-6,900 SF
      872 Michigan Ave, Marshall, MI 49068
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Calhoun County retail opportunity.
    Where is this retail property located?
    The property is located at 15861 Michigan Ave Marshall, MI.
    What are key features of this property?
    This property features: High-visibility pylon sign on W Michigan Ave with 25,000+ vehicles per day.; 360 feet of high-visibility frontage.; Ample parking with outparcel development potential.
    Request Owner's contact information
    15861 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
    15861 Michigan Ave Marshall, MI 49068
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