For Sale
$695,000

872 Michigan Ave Marshall, MI 49068

Established banquet facility, restaurant & bar potential.

Overview

Added:
Dec 11, 2024
Days on market:
132
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.

Highlights

  • Fully furnished banquet hall.
  • Professional kitchen included.
  • Capacity for 276 guests.
  • Full bar with freezer and cooler.
  • Outdoor wedding venue potential.
  • Restaurant or bar conversion opportunity.

Property Details for 872 Michigan Ave

Property type
Retail properties, Bars
Square Feet
12,526 SF
Class
C
Year Built/Renovated
1980/2016
Buildings
1
Stories
1
Lot Size (sq. ft)
52,272 SF

Location Insight

City
Marshall
County
Calhoun
State
Michigan
Latitude
42.27384496
Longitude
-84.9442732

FAQs

What type of property is this?
Retail property - Established banquet facility, restaurant & bar potential.
Where is the retail property located?
The property is located at 872 Michigan Ave Marshall, MI.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Fully furnished banquet hall.; Professional kitchen included.; Capacity for 276 guests.
How can I contact the broker?
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872 Michigan Ave
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