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    Property profile & analytics
    OFF-MARKET Estimated value $3,495,000
    Outlet malls

    15861 Michigan Ave, Marshall, MI 49068-9578

    89,699 SF 7.93 ac lot Built 1990
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-2394345
    Property summary
    AI-generated overview

    This exceptional retail opportunity in Marshall, Michigan, presents 44,000 square feet of inline space for lease within an 87,112-square-foot building situated on a 7.3-acre lot in Calhoun County. The property, located at 15861 W Michigan Ave, zip code 49068, benefits from its strategic location with easy access to I-69 and I-94, ensuring high visibility and convenient access for customers. Currently undergoing renovations, the project includes a complete roof replacement and the creation of individual condominium units for each tenant, providing a secure and well-defined ownership structure. This flexible floor plan caters to a wide variety of retail uses. Future tenants include Dollar Tree and Tractor Supply, establishing a strong and complementary tenant mix. The property is currently multi-tenant, offering a vibrant and established commercial environment. This is a rare opportunity to secure a significant retail presence in a thriving market with excellent infrastructure and accessibility. The available space offers substantial potential for growth and success. Contact us today to learn more about this exceptional retail property.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 1990
    Total area 89,699 SF
    Lot 7.93 ac (345,431 SF)
    Zoning code B-4
    APN 53-002-592-00
    UPID US43-2394345
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Rite Aid Photo (Bike/Boat/Book/etc) Store
    • Jakes Fireworks Discount Store Party Supply Store
    • Sandy K. Daniels, RPH Pharmacy
    • Rite Aid Pharmacy Pharmacy
    • Sears Appliance Repair Home Appliance Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.50M
    Blend (final) Blend
    $3.50M
    Owner & transaction history
    Tractor Supply Co Pof Michigan LLC · 1 yrs held
    Tractor Supply Co Pof Michigan LLC
    since 2024
    4 recorded transactions
    2026
    2024
    2022
    2015
    $5.5M
    Zoning & alternative use
    B-4 · Marshall, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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