872 Michigan Ave Marshall, MI 49068
- Individual retail properties
- 12,526 SF
- 0.17 lot acres
Current Use by Public Records
- Joseph Kline Fitness Training / Personal Trainer
- Star Fitness / Gym / Tanning Salon
- Blue Lotus Massage and Wellness LLC / Massage Therapist
Property Details for 872 Michigan Ave
- Lot size
- 0.17 lot acres
- Property size
- 12,526 SF
- Zone code
- HIGHWAY SVC COM
- Property type
- Individual retail properties
- APN
- 15-305-021-00
- APU
- 1530502100
Description
This exceptional 12,526 square foot banquet facility, located at 872 E Michigan Ave in Marshall, Michigan (49068), presents a unique investment opportunity. Built in 1980 and renovated in 2016, this single-story, Class C building sits on a 1.2-acre lot (APN: 15-305-021-00) and is zoned HIGHWAY SVC COM. Currently operating at 50% occupancy, the property boasts a fully furnished interior, including a professional kitchen, full bar, freezer, and cooler, capable of seating up to 276 guests. The property's history includes hosting weddings, birthday parties, business banquets, and other events. The ample parking provides significant expansion potential, particularly for outdoor wedding venues. Currently, a portion of the space is leased to Star Fitness and Emily Arnold LMT. A Michigan Class C liquor license is available for purchase separately, for on-site use only. This turnkey operation offers multiple revenue streams, including the potential for a thriving restaurant or bar. The property's established reputation and versatile layout make it an ideal investment for a savvy entrepreneur seeking a high-return opportunity in a desirable Michigan location. The asking price is $695,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marshall
- County
- Calhoun
- State
- Michigan
- Longitude
- -84.9439
- Latitude
- 42.2737
- CBSA code
- 12980
- CBSA name
- BATTLE CREEK, MI METROPOLITAN STATISTICAL AREA
