• Broker Scott Adams 5174879222

Cedar Crest Banquet Centre & Catering 872 E Michigan Ave 12,526 SF 100% Leased Retail Building Marshall, MI 49068 £523,613 (£41.80/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 with professional Kitchen. Seats up to 276 and is stocked with a Full Bar, freezer, cooler and more.
Opportunity for Outdoor Wedding Venue with 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.

ATTACHMENTS

Cedar Crest Banquet Sale Brochure

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,526 SF
Building Class
C
Year Built
1940
Price
£523,613
Price Per SF
£41.80
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.96
Lot Size
0.30 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
Commercial - Commercial Zoned District
Parking
20 Spaces (1.6 Spaces per 1,000 SF Leased)
Frontage
125 ft 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 with professional Kitchen. Seats up to 276 and is stocked with a Full Bar, freezer, cooler and more. Opportunity for Outdoor Wedding Venue with 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.

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

LINKS

PROPERTY TAXES

Parcel Number 15-305-021-00 Improvements Assessment £0
Land Assessment £0 Total Assessment £185,261

MAP

ADDITIONAL PHOTOS

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View Photo Back of Building
View Photo North Facing Aerial
View Photo Michigan Ave Frontage

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