492 Capital AveBattle Creek, MI 49015

Property Details for 492 Capital Ave

Year built

1947

Lot size

0.81 AC

Property size (Sq ft)

10,542 SF

Zone code

T3

Property type

Retail space

APN

7260-00-006-0

APU

7260000060

Description

This exceptional 10,542-square-foot freestanding retail building in Battle Creek, Michigan, presents a compelling investment opportunity. Located at 492 Capital Avenue SW, this single-story, Class C building sits on a 0.81-acre lot and boasts ample parking for over 30 vehicles. Constructed in 1947, the property is zoned C-3, permitting a wide range of uses, including its current municipal-approved adult-use provisioning center designation. However, the building is not limited to cannabis-related businesses and is suitable for various traditional retail ventures. Its prime location on Capital Avenue SW ensures high visibility, benefiting from over 50,000 vehicles passing daily. The strong synergy of a dense residential population and numerous local and national businesses in the immediate area creates a robust marketplace. The asking price is $259,900, translating to $24.65 per square foot. This presents a rare chance to acquire a well-situated, versatile commercial property in a thriving Michigan market. The property offers maximum brand exposure and a consistent flow of daytime traffic, making it an ideal location for a variety of businesses. This is a turnkey opportunity for an owner-user seeking a high-traffic location in a densely populated area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,727,491

  6.5%

  $2,517,684

  7%

  $2,337,850

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,460,201

  Geo Method

  $3,460,201

• Alternative Use

  Use

  Valuation

  Residential

  $2,123,761

  Hospitality

  $1,945,354

  Educational

  $1,618,511

  Medical

  $1,674,174

  Retail

  $2,517,684

Location Insight

City

Battle Creek

County

Calhoun

State

Michigan

Latitude

42.3087

Longitude

-85.1972

CBSA code

12980

CBSA name

BATTLE CREEK, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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