15861 Michigan AveMarshall, MI 49068

Property Details for 15861 Michigan Ave

Year built

1990

Lot size

7.93 AC

Property size (Sq ft)

89,699 SF

Zone code

B-4

Property type

Outlet malls

APN

53-002-592-00

APU

5300259200

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $24,799,896

  6.5%

  $22,892,212

  7%

  $21,257,054

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,450,756

  Geo Method

  $4,450,756

• Alternative Use

  Use

  Valuation

  Residential

  $19,310,438

  Hospitality

  $17,688,256

  Educational

  $14,716,422

  Medical

  $15,222,542

  Retail

  $22,892,212

Location Insight

City

Marshall

County

Calhoun

State

Michigan

Latitude

42.2722

Longitude

-84.987

CBSA code

12980

CBSA name

BATTLE CREEK, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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