245 Columbia AveBattle Creek, MI 49015

  • Golf courses & driving ranges
  • 20,940 SF
For Sale
$1,899,000 View listing

Property Details for 245 Columbia Ave

Year built
1927
Lot size
134.11 AC
Property size (Sq ft)
20,940 SF
Zone code
R1A
Property type
Golf courses & driving ranges
APN
0063-00-100-0
APU
63001000

Description

This exceptional 134.12-acre property, known as the Riverside Golf Course & Banquet Center, presents a unique investment opportunity in Battle Creek, Michigan. The existing 18-hole golf course boasts 20,940 square feet of building space, distributed across four buildings, and was originally constructed in 1927. Currently operating as a profitable golf course in pristine condition, the property offers significant upside potential for experienced or first-time golf course operators. The property's zoning (RA1) allows for a variety of uses. Its strategic location, a short distance from downtown Battle Creek and I-94 (the main route between Detroit and Chicago), provides excellent accessibility. Furthermore, its proximity to the new EV plant in Marshall and Fort Custer Park makes it ideally situated to capitalize on the growing demand for mixed-use housing and commercial development in an underserved market. The asking price is $1,899,000, translating to $90.69 per square foot. This presents a rare chance to acquire a substantial property with both immediate income potential and significant long-term redevelopment possibilities.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,219,122
    Hospitality
    $3,864,694
    Educational
    $3,215,380
    Medical
    $3,325,962
    Retail
    $5,001,702

Location Insight

City
Battle Creek
County
Calhoun
State
Michigan
Latitude
42.2987
Longitude
-85.1846
CBSA code
12980
CBSA name
BATTLE CREEK, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
-
-
-
$458,084
-
-
-
$916,168

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