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872 E Michigan Avenue

Marshall, MI 49068
  • $850,000
  • STATUS: Active
  • ON SITE: 146 Days
  • MLS #: 22029167
UPDATED: 69 min ago
$850,000
  • 0
    BEDS
  • 0.41
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 12,526
    SQFT
  • $68
    $/SQFT
Neighborhood:
Type:
Business Opportunity
County:

School Ratings & Info

School District:

Description

WHAT A UNIQUE INVESTMENT OPPORTUNITY! This 12,500 sq. ft. COMMERCIAL BUILDING located on one of the busiest streets in Marshall & close to I-94 is ready for a new owner! THE CEDAR CREST BANQUET CENTRE building is now for sale. Currently part of it is used as a banquet center. This is a perfect time for those ''long-awaited'' pandemic weddings, reunions & professional functions. Seating for 300 guests w/tables, chairs, linens, a BAR including 11' of cooler w/ 2 draft towers & 3 compartment sink, a COMMERCIAL KITCHEN & his & her bathrooms. Recently renovated with new lighting fixtures & flooring. There are 2 rentals in the building. The '' Star Fitness Center'' features a locker room, sauna, 2 bathrooms, tanning rooms & a basketball court.The "In Balance Therapeutic Massage" business is another rental. WHAT WOULD YOU DO WITH THE BUILDING? The building sits on 1.6 acres with parking for approx. 150 cars. It's a great location for any business. Also included in the sale is a 3 unit apartment house providing extra income. THIS IS A GREAT OPPORTUNITY FOR A PERSON WITH AN ENTREPRENEURIAL SPIRIT! Asking $850,000.

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© 2022 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2022-12-07T15:01:12.283.
www.grandrapidsmihomesforsale.com/homes/130843552
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872 E Michigan Avenue Marshall, MI 49068

  • Price: $850,000
  • Status: Active
  • On Site: 146 Days
  • Updated: 69 min ago
  • MLS #: 22029167
0
Beds
2
Baths
0
½ Baths
0.41
Acres
12,526
SQFT
$68
$/SQFT
Neighborhood:
Marengo Twp
County:
Calhoun
Area:
Marshall/Albion E.
School District:
Marshall
Property Description
WHAT A UNIQUE INVESTMENT OPPORTUNITY! This 12,500 sq. ft. COMMERCIAL BUILDING located on one of the busiest streets in Marshall & close to I-94 is ready for a new owner! THE CEDAR CREST BANQUET CENTRE building is now for sale. Currently part of it is used as a banquet center. This is a perfect time for those ''long-awaited'' pandemic weddings, reunions & professional functions. Seating for 300 guests w/tables, chairs, linens, a BAR including 11' of cooler w/ 2 draft towers & 3 compartment sink, a COMMERCIAL KITCHEN & his & her bathrooms. Recently renovated with new lighting fixtures & flooring. There are 2 rentals in the building. The '' Star Fitness Center'' features a locker room, sauna, 2 bathrooms, tanning rooms & a basketball court.The "In Balance Therapeutic Massage" business is another rental. WHAT WOULD YOU DO WITH THE BUILDING? The building sits on 1.6 acres with parking for approx. 150 cars. It's a great location for any business. Also included in the sale is a 3 unit apartment house providing extra income. THIS IS A GREAT OPPORTUNITY FOR A PERSON WITH AN ENTREPRENEURIAL SPIRIT! Asking $850,000.
Exterior Features

Construction Type BlockSteel Driveway Paved Exterior Material BlockBrickVinyl Siding Finished Building Levels 1.00 Lot Dimensions irregular Number Of Buildings 1.00 Road Frontage 233.00 Roofing Rubber Street Type PavedPublic Waterfront No

Interior Features

Air Conditioning Central Air Below Grade None Heat Source Natural Gas Heat Type Forced Air Interior Features Barrier FreeBath Common AreaFiber Optic HwyMulti User FacilitySecurity SystemUtil Sep Mt Rentable Office Sq Ft 750.00 Rentable Other Sq Ft 11726.00 Sq Ft Total 12526.00 Tot Bldg Office Sq Ft 12526.00

Property Features

Annual Property Tax 5112.00 Association Battle Creek Association Of Realtors Auction Or For Sale For Sale Business Includes EquipmentFurnitureLicensesReal Estate Business Name Cedar Crest Banquet Commercial Type Business Opportunity Current Use Banquet Hall And Gym Documents Survey Documents Req Conf Agreement Financials Homestead Percentage 0.00 Mineral Rights No New Construction No Ownership Trust Sale Conditions None Sewer Public Tax Year 2021 Tenant Pays ElectricGasJanitorialSewerTrashWater Terms Available CashConventional Uses Bar/Tavern/LoungeOtherProfessional ServiceRecreationRetail Util Avl At Street BroadbandCableElectricNatural GasPublic SewerPublic WaterStorm Sewer Utilities Attached CableElectricNatural Gas Water Public Zoning Highway Svc Com

Listing provided courtesy of Carole Shapiro of Berkshire Hathaway Homeservices Michigan Real Estate: (269) 789-0140. © 2022 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2022 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2022-12-07T15:01:12.283.
 
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JH Realty Partners
545 Ada Drive
Ada MI, 49301