Freestanding Bank Building with
For Sale
$375,000
215 N 20th Street, Battle Creek, MI 49037
Commercial Sale, Battle Creek, MI
Property Size2,987 SF
Lot Size0.86 Acres
Price / SF$125.54
Days on Market128
Property Features for 215 N 20th Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
B-2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Interior features
Broadband
Elementary school district
Battle Creek
Middle school district
Battle Creek
High school district
Battle Creek
Standard status
Active
APN
54-270-001-00
Size
2,987 SF
Lot size
0.86 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SP CITY, WEST LAWN, BLK 1, LOTS 4 & 5, N 35 FT LOT 13, ALL LOTS 14, 15 & 16.
Tax Annual Amount
11588
Legal Description
SP CITY, WEST LAWN, BLK 1, LOTS 4 & 5, N 35 FT LOT 13, ALL LOTS 14, 15 & 16.
Utilities
Utilities
Phone Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1964
Floors in Building
1
Number of units
1
Building materials
Aluminum Siding, Brick
Roof type
Composition
Listing Agency:
NAI Wisinski of West Michigan
(269) 353-0311
Listed By:
Jodi K Milks · License #6506044331
(269) 459-0439
Added: Jun 2
Changed: Sep 16
Last Checked: Oct 7 at 1:06AM
MLS# 26026398
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 freestanding former bank branch offers 2,987 square feet on a 0.86-acre parcel, along with an additional 1,200-square-foot, four-lane drive-through. Built in 1964, the building includes two bathrooms and features forced-air heat, central air, aluminum siding, brick construction, and a composition roof. Broadband and phone service are available.
Positioned at 215 N 20th Street in Battle Creek, the property provides access to W Dickman Road and W Columbia Avenue. Its B-2 General Commercial zoning and existing improvements support consideration for retail, office, medical, service, or redevelopment applications. The property is available September 2026.
Positioned at 215 N 20th Street in Battle Creek, the property provides access to W Dickman Road and W Columbia Avenue. Its B-2 General Commercial zoning and existing improvements support consideration for retail, office, medical, service, or redevelopment applications. The property is available September 2026.
Key Highlights
- 2,987 SF freestanding former bank branch on 0.86 acres
- Additional 1,200 SF four‑lane drive‑through
- B‑2 General Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,223
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,460
$664.5K
Cap Rate 7%
$474,614
$474.6K
Cap Rate 9%
$369,144
$369.1K
Market Conditions
NOI Build-Up for 2,987 SF
Gross rent
$46.2K $15.48/SF
− Vacancy
−$1.9K −$0.65/SF
EGI
$44.3K $14.83/SF
− OpEx
−$11.1K −$3.71/SF
NOI
$33.2K $11.12/SF
Area
Calhoun County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,460
Cap Rate 7%
$474,614
Cap Rate 9%
$369,144
Alternative Uses
Best Use
Specialty Retail
$474.6K
$415.3K – $553.7K
NOI $33,223 @ 7.0% cap · market cap 8.86%
Second Best
Office B
$470.1K
$411.3K – $548.4K
NOI $32,906 @ 7.0% cap · market cap 8.77%
Theoretical Best
Healthcare Medical
$35.43M
$31.00M – $41.34M
NOI $2,480,300 @ 7.0% cap · market cap 661.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
252
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Bank - The property combines a standalone commercial building with a separate drive-through facility.
Where is this bank located?
The property is located at 215 N 20th Street Battle Creek, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,987 SF freestanding former bank branch on 0.86 acres; Additional 1,200 SF four‑lane drive‑through; B‑2 General Commercial zoning
