Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    115 Green St Marshall, MI 49068
    Back to Search
    Property profile & analytics

    115 Green St Marshall, MI 49068

    View on Map
    • Retail space
    • 16,704 SF
    • 0.20 lot acres
    For Sale
    $599,900
    View Listing →
    Historic Marshall Masonic Temple For Sale
    $599,900
    16,200 SF

    Historic Marshall Masonic Temple

    Prime Commercial Space, Endless Potential

    115 Green St, Marshall, MI 49068
    View Listing
    Property ID
    US43-2476893
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Engelter Photography / Photography Service / (Bike/Boat/Book/etc) Store
    • KimberVision / Association Or Organization
    • Dance Dynamics / Training Center
    • UMAS, Martial Arts, Wing Chun - Bak Mei Kung fu, Karate / Sports School
    • ChargePoint Charging Station / Electric Vehicle Charging Station

    Property Details for 115 Green St

    Year built
    1913
    Lot size
    0.20 lot acres
    Property size
    16,704 SF
    Zone code
    B-3 CEN
    Property type
    Retail space
    APN
    53-001-226-00
    APU
    5300122600

    Description

    This stunning 16,200+ square foot commercial property, located at 115 E Green Street in Marshall, Michigan's National Historic Landmark District, presents a unique investment opportunity. The former Masonic Temple, situated on a 0.2-acre lot within the B-3 Central Business District, offers a wealth of potential uses. The building's impressive architectural details are immediately apparent upon entering, with 10-foot ceilings, beautiful hardwood floors, and exquisite trim throughout. The expansive layout is spread across multiple floors, each offering approximately 3,500 square feet of adaptable space. The grand entrance and open stairway create a welcoming atmosphere, perfect for a variety of businesses. This property's prime location in the heart of Marshall's vibrant downtown area provides exceptional visibility and accessibility. The substantial square footage allows for diverse configurations, catering to a wide range of commercial ventures. With its rich history and significant size, this property is an exceptional opportunity to own a piece of Marshall's heritage while capitalizing on its thriving commercial landscape. The asking price is $599,900. This is a rare chance to acquire a landmark building with immense potential for future development and success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Marshall
    County
    Calhoun
    State
    Michigan
    Longitude
    -84.958
    Latitude
    42.2714
    CBSA code
    12980
    CBSA name
    BATTLE CREEK, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $5,942
    $0.00
    $0.00
    $153,600
    -
    $0.00
    $0.00
    $307,200

    Comparable in this City

    • Value Estimation by Request
      1,936 SF

      413 Michigan Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,936 SF
      413 Michigan Ave, Marshall, MI 49068-1666
      View Details
    • Value Estimation by Request
      5,149 SF

      100 Exchange St

      RETAIL STORES (PERSONAL SERVICES) • 5,149 SF
      100 Exchange St, Marshall, MI 49068-1632
      View Details
    • Value Estimation by Request
      1,333 SF

      111 Michigan Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,333 SF
      111 Michigan Ave, Marshall, MI 49068-1521
      View Details
    • Value Estimation by Request
      1,214 SF

      118 Michigan Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,214 SF
      118 Michigan Ave, Marshall, MI 49068-1544
      View Details
    • Value Estimation by Request
      7,080 SF

      139 Michigan Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,080 SF
      139 Michigan Ave, Marshall, MI 49068-1521
      View Details
    • Value Estimation by Request
      5,248 SF

      123 Exchange St

      RETAIL STORES (PERSONAL SERVICES) • 5,248 SF
      123 Exchange St, Marshall, MI 49068-1682
      View Details

    Similar Nearby for Sale

    • $450,000
      5,491 SF

      Mixed-Use Building in Downtown Marshall

      Mixed-use property with commercial space and residential units.
      103 E Michigan Ave, Marshall, MI 49068
      View Details
    • $750,000
      3,680 SF

      Commercial Building Near Ford Park

      Commercial building on 1.03 acres, near Ford BlueOval Battery Park.
      13995 W Michigan Ave, Marshall, MI 49068
      View Details
    • Contact for pricing
      2,800 SF

      Cannabis Cultivation and Processing Facility

      Green Zoned cultivation and processing facility with expansion potential.
      19567 L Dr, Marshall, MI 49068
      View Details
    • $63,500
      3.61 Acres

      Land Near Cedar Lake

      3.61-acre lot near Cedar Lake, ready for construction.
      V/L Cedar Lk, Marshall, MI 49068
      View Details
    • $34,000
      0.55 Acres

      Residential Land Near Golf Course

      0.55-acre lot in golf course community, Marshall, Michigan.
      Clubhouse Dr, Marshall, MI 49068
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Marshall

      Retail space in Marshall, close to downtown and local attractions.
      1150 W Michigan Ave, Marshall, MI 49068
      View Details
    • $14 SF/Yr

      Office and Retail Space Available

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

      84 Acres of Industrial Land

      84 acres of land zoned for light industrial use.
      Michigan Ave, Marshall, MI 49068
      View Details
    • $8 SF/Yr

      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
    • $1,600 /Mo
      1,984 SF

      Spacious Industrial Workshop for Rent

      1984 SF industrial space near Blue Oval factory.
      14947 Michigan Ave, Marshall, MI 49068
      View Details
    View Listing
    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.
    115 Green St
    Marshall, MI 49068
    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
    115 Green St, 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!