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Cedar Crest Banquet Centre & Catering 872 E Michigan Ave 12,526 SF 100% Leased Retail Building Marshall, MI 49068 $1,017,626 CAD ($81.24 CAD/SF)

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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

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,526 SF
Building Class
C
Year Built
1940
Price
$1,017,626 CAD
Price Per SF
$81.24 CAD
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
20 Spaces (1.6 Spaces per 1,000 SF Leased)
Frontage
125’ on Michigan Ave

AMENITIES

  • Signage

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 5,400-6,900 SF
  • Retail
  • Outparcel
  • 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

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

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
15-305-021-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$354,584 CAD
  • Listing ID: 30041573

  • Date on Market: 2023-11-13

  • Last Updated:

  • Address: 872 E Michigan Ave, Marshall, MI 49068

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