Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    908 Michigan Ave Marshall, MI 49068-2032
    Property profile & analytics

    908 Michigan Ave Marshall, MI 49068-2032

    View on Map
    • Grocery and convenience stores
    • 2,696 SF
    • 0.62 lot acres
    Off-Market
    Property ID
    US43-2090535
    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

    • Bitcoin ATM Marshall - Coinhub / Atm / Currency Exchange Service
    • Amazon Hub Counter - Warman’s Party Store / Courier Service / Postal Service
    • Cardtronics ATM / Atm
    • Marshall liquor / (Bike/Boat/Book/etc) Store / Wine and Liquor Store

    Property Details for 908 Michigan Ave

    Lot size
    0.62 lot acres
    Property size
    2,696 SF
    Zone code
    HIGHWAY SVC COM
    Property type
    Grocery and convenience stores
    APN
    15-303-015-00
    APU
    1530301500

    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
    -84.9403
    Latitude
    42.2744
    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
    $4,191
    $0.00
    $0.00
    $85,700
    -
    $0.00
    $0.00
    $171,400

    Comparable in this City

    • Value Estimation by Request
      2,536 SF

      1002 Michigan Ave

      CONVENIENCE STORE • 2,536 SF
      1002 Michigan Ave, Marshall, MI 49068-1450
      View Details
    • Value Estimation by Request
      1,529 SF

      735 Michigan Ave

      GROCERY, SUPERMARKET • 1,529 SF
      735 Michigan Ave, Marshall, MI 49068-1443
      View Details
    • Value Estimation by Request
      1,440 SF

      15975 Michigan Ave

      CONVENIENCE STORE • 1,440 SF
      15975 Michigan Ave, Marshall, MI 49068-9580
      View Details
    • Value Estimation by Request
      5,619 SF

      104 Winston Dr

      CONVENIENCE STORE • 5,619 SF
      104 Winston Dr, Marshall, MI 49068-8525
      View Details
    • Value Estimation
      $2,055,000
      46,198 SF

      15901 Michigan Ave

      GROCERY, SUPERMARKET • 46,198 SF
      15901 Michigan Ave, Marshall, MI 49068-9579
      View Details
    • Value Estimation by Request
      4,160 SF

      14995 15th Mile Rd

      GROCERY, SUPERMARKET • 4,160 SF
      14995 15th Mile Rd, Marshall, MI 49068-9662
      View Details

    Similar Nearby for Sale

    • $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
    • $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
    • 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

    • $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

      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
      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
    • $1,600 /Mo

      Spacious Industrial Workshop for Rent

      1984 SF industrial space with office, storage, and parking.
      14947 Michigan Ave, 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
      Pending

      Industrial/Warehouse Space in Marshall, MI

      Industrial/warehouse space available for lease in Marshall, Michigan.
      1507 S Kalamazoo Ave, Marshall, MI 49068
      View Details
    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.
    908 Michigan Ave
    Marshall, MI 49068-2032
    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
    908 Michigan Ave, 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!