2845 Capital AveBattle Creek, MI 49015

Property Details for 2845 Capital Ave

Year built

1992

Lot size

4.87 AC

Property size (Sq ft)

38,577 SF

Zone code

T3

Property type

Office buildings

APN

0086-00-940-0

APU

86009400

Description

This exceptional 38,577 square foot Class B medical office building, situated on 4.87 acres at 2845 Capital Avenue in Battle Creek, offers immediate occupancy in two available suites ranging from 700 to 3,611 square feet. Built in 1992, this three-story building boasts a desirable location along the Capital Avenue corridor, experiencing high traffic volume of 13,470 vehicles daily. The available spaces are completely vacant, providing a unique opportunity for tenant build-out and customization. Benefit from prominent signage opportunities on the monument sign along Capital Avenue, ensuring excellent visibility and brand recognition. The property is zoned T3 and features a single building with multiple tenants, including established medical practices such as Fresenius Dialysis Center, Borgess Medical Center, B&T Medical Adventures, Oakland Orthopedics, Advanced Vascular Surgery, and Bronson Methodist. This presents a strong medical synergy and a thriving professional environment. The property's APN is 0086-00-940-0. This is an unparalleled chance to establish or expand your medical practice in a high-traffic, well-established medical center. Don't miss this opportunity to secure your ideal space in this thriving Battle Creek location.

• CAP approach

  CAP return

  Valuation

  6%

  $8,223,010

  6.5%

  $7,590,470

  7%

  $7,048,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,024,650

  Geo Method

  $5,024,650

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $13,905,600

  Retail / Commercial

  $7,334,000

  Mixed-Use / Specialty

  $7,468,020

  Hospitality / Lodging

  $5,687,580

  Institutional / Educational

  $7,820,970

  Residential Income

  $9,150,540

  Multifamily

  $10,086,700

  Automotive / Energy

  $6,703,690

  Parking / Income-Based Land

  $2,155,120

  Restaurant / Food Service

  $4,226,000

  Healthcare / Senior Housing

  $7,494,060

Location Insight

City

Battle Creek

County

Calhoun

State

Michigan

Latitude

42.259

Longitude

-85.1971

CBSA code

12980

CBSA name

BATTLE CREEK, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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