Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Lot in Battle Creek Title is generated by Realmo AI

    319 Hamblin Avenue, Battle Creek, MI 49037

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    COMMERCIAL - Battle Creek, MI

    Lot size:
    0.40 Acres
    Added:
    Oct 27, 2022
    Days on Market:
    1304
    Last Refresh:
    May 22 at 10:06 am

    Property Features for 319 Hamblin Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    52-0601-35-833-0
    Lot size
    0.40 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PASCOS ADD LOTS 27 & 28 ((EFF 2018, RETIRE #6550-00-044-0 AND REPLACE WITH #0601-35-816-0 & #0601-35-833-0))

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Melissa Kennedy

    Listing agent Melissa Kennedy License #6501385948

    Listing office Coldwell Banker Morehart Realty 719 Capital Ave. SW, Battle Creek, MI

    Listing date Oct 27, 2022

    MLS# 22045806 Listing URL

    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

    • Buildable commercial lot presents an excellent opportunity.
    • Available through Calhoun County Land Bank's Develop This Lot (DTL) program.
    • DTL program assists with acquiring & developing vacant land for housing, commercial, industrial, or mixed‑use projects.
    • Natural gas available.
    • Public water source.
    • Public sewer.

    Overview

    This buildable commercial lot is located in Battle Creek and is available through the Calhoun County Land Bank's Develop This Lot (DTL) program. The DTL program assists buyers interested in acquiring and developing vacant land for housing, commercial, industrial, or mixed-use projects. The lot size is 0.4 acres. Prospective buyers are responsible for verifying building and zoning requirements with the local municipality. Offers that include proof of funds and a preliminary questionnaire will be reviewed on the 1st and 3rd Friday of each month, as per the seller's request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Battle Creek
    County
    Calhoun
    State
    Michigan
    Longitude
    -85.195994
    Latitude
    42.322126

    Nearby Similar for Sale

    • $480,000
      4,880 SF

      Battle Creek Commercial Property For Sale

      Commercial property on a high-traffic street near major developments.
      510 E Columbia Avenue, Battle Creek, MI 49014
      View Details
    • $1,100,000
      11,061 SF

      High-Visibility Commercial Opportunity in Battle Creek

      Well-maintained commercial property with diverse tenant mix and excellent accessibility.
      12898 Beadle Lake Road, Battle Creek, MI 49014
      View Details
    • $199,900
      960 SF

      Battle Creek Commercial Opportunity

      Commercial property near medical offices, hotels, restaurants, and I-94.
      4672 Beckley Road, Battle Creek, MI 49015
      View Details
    • $399,000
      6,103 SF

      Battle Creek Commercial Property For Sale

      Commercial property with high ratings and new roofs in Battle Creek.
      21995 Bedford Road N, Battle Creek, MI 49017
      View Details
    • $450,000
      3,690 SF

      Battle Creek Restaurant and Lounge

      Turnkey restaurant and lounge in Battle Creek, Michigan for sale.
      883 North Avenue, Battle Creek, MI 49017
      View Details
    • $600,000
      12,000 SF

      Battle Creek Retail/Warehouse Opportunity

      12,000 sq ft retail/warehouse on 2 acres in Battle Creek.
      4343 W Columbia Avenue, Battle Creek, MI 49015
      View Details
    • $225,000
      1,316 SF

      Established Restaurant Opportunity in Battle Creek

      Turnkey restaurant with loyal customer base in high-visibility location.
      916 North Avenue, Battle Creek, MI 49017
      View Details
    • $899,000
      41,600 SF

      Revitalized Industrial Property For Sale

      Industrial property with renovated buildings, ample space, leasing considered.
      101 Bishop, Battle Creek, MI 49037
      View Details
    • $1,890,000
      16,200 SF

      Battle Creek Office Building

      Versatile 16,200 SF building on 3 acres near I-94.
      3630 Capital Avenue SW, Battle Creek, MI 49015
      View Details
    • $225,000
      1,396 SF

      Renovated Commercial Building, Battle Creek

      Fully renovated commercial building suitable for various business types.
      14501 Beadle Lake Road, Battle Creek, MI 49017
      View Details
    • $445,000
      2,100 SF

      Sticky's Battle Creek - Can be converted to Drive Through Food Service

      Modern 2,100 sq. ft. retail building on 1.27 acres.
      625 North Ave, Battle Creek, MI 49017
      View Details
    • $299,000
      10,148 SF

      Downtown Battle Creek Mixed-Use Building

      Two-story building in downtown Battle Creek suitable for various uses.
      56 E Michigan Avenue, Battle Creek, MI 49017
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant commercial land available through Calhoun County Land Bank program.
    Where is this commercial land located?
    The property is located at 319 Hamblin Avenue Battle Creek, MI.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Buildable commercial lot presents an excellent opportunity.; Available through Calhoun County Land Bank's Develop This Lot (DTL) program.; DTL program assists with acquiring & developing vacant land for housing, commercial, industrial, or mixed‑use projects.
    (269) 441-8183
    We can help!
    Listing Contact
    Melissa Kennedy
    Real Estate License ID: 6501385948
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    319 Hamblin Avenue, Battle Creek, MI 49037
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!