49 Michigan AveBattle Creek, MI 49017

  • Office buildings
  • 30,575 SF
For Lease
$15.50/SF/YR View listing

Property Details for 49 Michigan Ave

Year built
1950
Lot size
0.27 AC
Property size (Sq ft)
30,575 SF
Zone code
T5
Property type
Office buildings
APN
8750-00-002-0
APU
8750000020

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,098,240
    6.5%
    $5,629,140
    7%
    $5,227,060
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,982,390
    Geo Method
    $3,982,390
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $10,630,000
    Retail / Commercial
    $5,539,600
    Mixed-Use / Specialty
    $5,589,650
    Hospitality / Lodging
    $4,191,820
    Institutional / Educational
    $5,835,930
    Residential Income
    $6,828,040
    Multifamily
    $7,802,220
    Automotive / Energy
    $5,002,220
    Parking / Income-Based Land
    $1,657,250
    Restaurant / Food Service
    $3,056,190
    Healthcare / Senior Housing
    $5,660,500

Location Insight

City
Battle Creek
County
Calhoun
State
Michigan
Latitude
42.3204
Longitude
-85.184
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
-
-
-
$753,472
-
-
-
$1,506,944

FAQs

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