trying to locate the first space and display the text to the right of it.

I87 = Intermediate Water elemental
I am displaying the first word in a cell here
=IF(I87="","",LEFT(I87,FIND(" ",I87,1)))

Trying to display second and third words in another cell.
I have several different combinations In I87 that are generated randomly.
I87 = Minor Fey
I87 = Intermediate Water elemental
I87 = Major Red dragon
what I am going for is a cell that splits up power level and type into two different cells
so I can index a chart for what is displayed.
what is the formula for this please and thanks in advance.
trying to stay away from macros