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Cedar Crest Banquet Centre & Catering 872 E Michigan Ave 12,526 SF 100% Leased Retail Building Marshall, MI 49068 $729,000 ($58.20/SF)
Investment Highlights
- Opportunity for Outdoor Wedding Venue
- Approximately 50% leased to Star Fitness and Emily Arnold LMT
- Possible Bar or Restaurant opportunity
Executive Summary
Fully furnished banquet facility
Two new HVAC rooftop units
Professional Kitchen
Seats up to 276
Full Bar, freezer, cooler and more
Opportunity for Outdoor Wedding Venue
Possible Bar or Restaurant opportunity
Approximately 50% leased to Star Fitness and Emily Arnold LMT
Liquor license available to purchase for onsite use only, and as a separate transaction
Two new HVAC rooftop units
Professional Kitchen
Seats up to 276
Full Bar, freezer, cooler and more
Opportunity for Outdoor Wedding Venue
Possible Bar or Restaurant opportunity
Approximately 50% leased to Star Fitness and Emily Arnold LMT
Liquor license available to purchase for onsite use only, and as a separate transaction
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,526 SF
Building Class
C
Year Built
1940
Price
$729,000
Price Per SF
$58.20
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.96
Lot Size
0.30 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial Zoned District
Parking
75 Spaces (5.99 Spaces per 1,000 SF Leased)
Frontage
125’ on Michigan Ave
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Fully furnished banquet facility Two new HVAC rooftop units Professional Kitchen Seats up to 276 Full Bar, freezer, cooler and more Opportunity for Outdoor Wedding Venue Possible Bar or Restaurant opportunity Liquor license available to purchase for onsite use only, and as a separate transaction
| Space | Size | Space Use | Position | Available |
| 1st Floor | 5,400-6,900 SF | Retail | Outparcel | 30 Days |
1st Floor
| Size |
| 5,400-6,900 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| 30 Days |
1st Floor
| Size | 5,400-6,900 SF |
| Space Use | Retail |
| Position | Outparcel |
| Available | 30 Days |
Fully furnished banquet facility Two new HVAC rooftop units Professional Kitchen Seats up to 276 Full Bar, freezer, cooler and more Opportunity for Outdoor Wedding Venue Possible Bar or Restaurant opportunity Liquor license available to purchase for onsite use only, and as a separate transaction
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $329,800 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$329,800
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Cedar Crest Banquet Centre & Catering | 872 E Michigan Ave