66 Michigan AveBattle Creek, MI 49017

Property Details for 66 Michigan Ave

Year built

1915

Lot size

0.14 AC

Property size (Sq ft)

13,628 SF

Zone code

T5

Property type

Office buildings

APN

0258-00-045-0

APU

258000450

Description

This exceptional 13,628 square foot mixed-use building presents a compelling value-add opportunity in the heart of Battle Creek, Michigan. Located at 66 E Michigan Ave, this three-story, 1915-constructed property boasts five units currently operating at 100% occupancy. The building's layout includes two ground-floor retail spaces, two second-floor office units featuring a kitchenette and conference room, and a premier third-floor office unit with two conference rooms. Four of the five leases are below market rate ($7-9 per square foot annually), while one tenant, Farmers Insurance, occupies space at the market rate of $19 per square foot annually. This presents a significant opportunity to increase net operating income (NOI) – details are available in the provided documents. The property sits on a 0.138-acre lot and is zoned T-5. With its prime location on Michigan Avenue (approx. 8,397 vehicles per day) and proximity to I-941 (approx. 13,683 vehicles per day at the intersection), this building offers excellent visibility and accessibility. The property's strong tenancy, with two tenants on long-term leases and three on short-term leases (lease details available in the documents), ensures a stable income stream. This is a rare chance to acquire a piece of Battle Creek history and capitalize on a significant value-add potential. The APN is 0258-00-045-0. Asking price is $699,900.

• CAP approach

  CAP return

  Valuation

  6%

  $2,398,454

  6.5%

  $2,213,958

  7%

  $2,055,818

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,775,047

  Geo Method

  $1,775,047

• Alternative Use

  Use

  Valuation

  Residential

  $2,745,308

  Hospitality

  $2,514,687

  Educational

  $2,092,190

  Medical

  $2,164,144

  Retail

  $3,254,518

Location Insight

City

Battle Creek

County

Calhoun

State

Michigan

Latitude

42.3172

Longitude

-85.1809

CBSA code

12980

CBSA name

BATTLE CREEK, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].