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    Battle Creek Convenience Store For Sale Title is generated by Realmo AI

    13027 Banfield Road, Battle Creek, MI 49017

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    Claim this Listing
    Pending
    $339,900

    COMMERCIAL - Battle Creek, MI

    Type:Retail
    Property size:
    5,070 SF
    Lot size:
    1.12 Acres
    Added:
    Nov 19, 2025
    Days on Market:
    174
    Last Refresh:
    May 12 at 7:06 am

    Property Features for 13027 Banfield Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Bathrooms
    1
    Rooms
    Bathroom 1, Basement
    Standard status
    Pending
    APN
    09-020-029-00
    Size
    5,070 SF
    Lot size
    1.12 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Long Legal
    Tax Annual Amount
    3770

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank
    Heating system
    Space Heater, Forced Air
    Water source
    Well

    Building Details

    Year built
    1890
    Number of units
    2
    Roof type
    Metal, Composition

    We can help!

    Listing Contact
    Scott T Harrington
    Scott T Harrington

    Listing agent Scott T Harrington License #6502363056

    Listing office Harrington Real Estate Group 11683 Nashville Highway, Nashville, MI

    Listing date Nov 19, 2025

    MLS# 25059170

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Established Convenience Store Business Included
    • Includes Real Estate, Equipment, and Licenses
    • Features a Walk‑in Cooler with 10 Doors
    • Offers Pizza‑Sub Business, Ice Cream, Beer, and Wine Sales
    • Retail Space of 3230 Sqft
    • Includes 1848 Sqft of Finished Living Space for Rental Income or Owner's Use

    Overview

    This property features a long-standing convenience store located near Fine Lake and Fair Lake in Barry County. The sale includes the business, real estate, equipment, and licenses. The store is equipped with a walk-in cooler with 10 doors and offers a pizza and sub business, a seasonal ice cream counter, and beer and wine sales. The retail building encompasses 3230 square feet of retail space, along with 1848 square feet of finished living space that can be used for rental income or owner occupancy. The total property size is 5070 square feet, situated on a 1.12-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Banfield General Store Department Store

    Suggested Use

    Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Battle Creek
    County
    Calhoun
    State
    Michigan
    Longitude
    -85.288034
    Latitude
    42.46317

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    FAQs

    What type of property is this?
    Grocery and convenience store - Long-standing convenience store with living space near Fine Lake.
    Where is this grocery and convenience store located?
    The property is located at 13027 Banfield Road Battle Creek, MI.
    What is the asking price?
    The asking price for this property is $339,900.
    What are key features of this property?
    This property features: Established Convenience Store Business Included; Includes Real Estate, Equipment, and Licenses; Features a **Walk‑in Cooler with 10 Doors**
    (269) 964-5182
    We can help!
    Listing Contact
    Scott T Harrington
    Scott T Harrington
    Real Estate License ID: 6502363056
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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