Multi-Suite Office Building with
For Sale
$159,900
1726 W Michigan Avenue, Battle Creek, MI 49037
Commercial Sale, Battle Creek, MI
Property Size960 SF
Lot Size0.29 Acres
Price / SF$166.56
Days on Market124
Property Features for 1726 W Michigan Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
T3
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Interior features
Broadband
Elementary school district
Battle Creek
Middle school district
Battle Creek
High school district
Battle Creek
Directions
Take W Michigan to Broadway Blvd. Turn North. Driveway is the first one on the right.
Standard status
Active
APN
52-6080-00-063-0
Size
960 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
North Woodlawn Lots 62 & 63, Exc S 12 ft
Tax Annual Amount
2189
Legal Description
North Woodlawn Lots 62 & 63, Exc S 12 ft
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
half bath
kitchenette
stackable washer/dryer
professionally tiled throughout
neutral paint colors
Building Details
Year built
1963
Number of units
4
Building materials
Aluminum Siding, Brick
Roof type
Composition
Listing Agency:
Chuck Jaqua, REALTOR
(269) 381-7653
Listed By:
Amy R Kraft
(269) 532-5228
Added: Apr 22
Changed: Aug 19
Last Checked: Aug 23 at 8:06PM
MLS# 26017411
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.
Investment Insights
Based on property information with market context.
This office building on a corner lot includes approximately 960 square feet and provides four suites with separate locks. Interior features include a half bath, a kitchenette, multiple sink locations and layouts, professionally tiled finishes, and neutral paint. The property also includes a stackable washer/dryer. Recent improvements include a new roof in 2023 and a new water heater in 2024.
The site includes frontage on the M-89/W Michigan Ave corridor and additional frontage on Broadway Blvd, totaling frontage described in the remarks. The side lot is included under a single tax parcel ID, and the parking lot was newly repaved in 2025 with convenient driveway access.
The property is classified as 201 Commercial-Improved and zoned T3. It is being offered for sale, and no lease or land contract offers are requested.
The site includes frontage on the M-89/W Michigan Ave corridor and additional frontage on Broadway Blvd, totaling frontage described in the remarks. The side lot is included under a single tax parcel ID, and the parking lot was newly repaved in 2025 with convenient driveway access.
The property is classified as 201 Commercial-Improved and zoned T3. It is being offered for sale, and no lease or land contract offers are requested.
Key Highlights
- Highly visible corner lot with 100 ft frontage on M‑89/W Michigan Ave plus 126 ft frontage on Broadway Blvd.
- 960 SF commercial building built in 1963 with a new roof (2023) and new water heater (2024).
- Currently configured as 4 suites with separate locks, plus a half bath and kitchenette options.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,576
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$211,520
$211.5K
Cap Rate 7%
$151,086
$151.1K
Cap Rate 9%
$117,511
$117.5K
Market Conditions
NOI Build-Up for 960 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$16.4K $17.04/SF
− Vacancy
−$2.3K −$2.35/SF
EGI
$14.1K $14.69/SF
− OpEx
−$3.5K −$3.67/SF
NOI
$10.6K $11.02/SF
Area
Calhoun County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$211,520
Cap Rate 7%
$151,086
Cap Rate 9%
$117,511
Alternative Uses
Best Use
Office B
$151.1K
$132.2K – $176.3K
NOI $10,576 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$11.39M
$9.96M – $13.29M
NOI $797,150 @ 7.0% cap · market cap 498.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Explore this area
Business Placement
Demographics for 49037, MI
21,427
Population
9,971
Households
2.1
Avg Household Size
37
Median Age
12%
College-Educated
88%
High-School Grad
19.3 sq mi
ZIP Area
1,110
Density / Sq Mi
$42,598
Median Household Income
$32,024
Median Earnings
$843
Median Rent
$90,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Corner-lot office building offers four separately keyed suites, half bath, kitchenette, and a newly repaved parking lot.
Where is this office units located?
The property is located at 1726 W Michigan Avenue Battle Creek, MI.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Highly visible corner lot with 100 ft frontage on M‑89/W Michigan Ave plus 126 ft frontage on Broadway Blvd.; 960 SF commercial building built in 1963 with a new roof (2023) and new water heater (2024).; Currently configured as 4 suites with separate locks, plus a half bath and kitchenette options.
