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Don't miss this rare opportunity to own a fully operational, turn-key diner in a high-traffic, high-visibility location in the heart of Marshall! This beloved eatery has been serving loyal customers for years, including locals, commuters and college students! The business is fully furnished, and the atmosphere is cozy and clean. Space has been allocated for the future addition of a drive-through. Whether you're looking to expand your business, cater or have another business idea entirely, this is the perfect space for your next venture. Bonus is that the buyer will receive the menu and recipes from Mike's Cafe, offering a part of two popular businesses with this sale!

Highlights

  • Commercial Sale
  • Built in 1972
  • 0.86 Acre Lot
  • 461 days on Market

  • Year Built
    1972
  • Stories
    1.0
  • Construction Materials
    Vinyl Siding, Stone, Brick, Block
  • Foundation
    Concrete Perimeter
  • Parking Features
    Parking Lot
  • Appliances
    Dishwasher, Refrigerator, Freezer, Gas Water Heater, Stainless Steel Appliance(s), Exhaust Fan, Indoor Grill
  • Flooring
    Tile, See Remarks
  • Cooling
    Dual
  • Heating
    Forced Air, Natural Gas

  • Acres
    0.86
  • Water
    Public


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Frequently Asked Questions

How do I schedule a tour of 1501 E College Dr?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 1501 E College Dr.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 1501 E College Dr?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $1,215,000. We can talk through recent upgrades, potential seller motivation, how this commercial sale compares to others in Marshall, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 1501 E College Dr?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 1501 E College Dr at around $7,618. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 1501 E College Dr?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Lyon County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 1501 E College Dr?

In most cases, yes. Whether 1501 E College Dr is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Marshall's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 1501 E College Dr?

We can handle that for you. Our preferred local agent specializes in commercial sales in Marshall and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $1,215,000 with 4,702 sqft of space—that comes out to approximately $258 per square foot.

How long has this property been on the market?

1501 E College Dr was listed on August 04, 2025, which means it's been on the market for 461 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1972, making it approximately 54 years old.

What is the lot size of this property?

1501 E College Dr sits on a 0.86-acre lot, which is 37,462 square feet.

What are the property taxes for 1501 E College Dr?

The most recent public record shows annual property taxes for 1501 E College Dr were approximately $12,363. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 1501 E College Dr still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Based on information submitted to the MLS GRID as of November 08, 2026 at 09:16AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last Updated: November 08, 2026 at 09:16AM | Source: NorthstarMLS | MLS#: 6766738

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