Property profile

15861 W Michigan Ave Marshall, MI 49068

FOR SALE
Outlet malls
Property ID
US43-2394345
89,699 SF 7.93 ac lot Built 1990
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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For Sale
$750,000 89,699 SF
15861 W Michigan Ave, Marshall, MI 49068
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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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Discount Store Party Supply Store
  • Pharmacy
  • Pharmacy
  • Home Appliance Store

Location

15861 W Michigan Ave Marshall, MI 49068
Marshall metro Census 4000 BATTLE CREEK, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.50M
Blend (final) Blend
$2.48M

Owner & transaction history

since 2024
4 recorded transactions
2026
Price N/A
2024
Price N/A
2022
Price N/A
2015
$5.5M

Zoning & alternative use

B-4 · Marshall, MI
Zoning description

B-4 Regional Commercial District3.1.10 A. INTENT B. PRINCIPAL PERMITTED USES i. Outdoor sales space for exclusive sale of automobiles, mobile homes, and campers § 4.24 ii. Restaurant with accessory drive -through facilit…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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