Auto Repair Shop with Four
For Sale
$297,500
622 Upton Avenue, Battle Creek, MI 49037
Commercial Sale, Battle Creek, MI
Property Size3,892 SF
Lot Size2.37 Acres
Price / SF$76.44
Days on Market233
Property Features for 622 Upton Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
40
Interior features
Broadband
Elementary school district
Battle Creek
Middle school district
Battle Creek
High school district
Battle Creek
Directions
Corner of 20th and Upton Ave
Subdivision
Battle Creek - B
Standard status
Active
APN
135411000210
Size
3,892 SF
Lot size
2.37 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
SP CITY, BEG AT SW CORNER LOT 2 BLK 1, THENCE NELY ALONG W LINE OF LOT 2 142.4 FT TO NW CORNER OF LOT 2, THENCE ELY ALO
Tax Annual Amount
4478
Legal Description
SP CITY, BEG AT SW CORNER LOT 2 BLK 1, THENCE NELY ALONG W LINE OF LOT 2 142.4 FT TO NW CORNER OF LOT 2, THENCE ELY ALO
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
bath with shower
half bath
air conditioning
washer and dryer
garage door operators
car lifts
air compressor
alarm system
large sign
Building Details
Year built
1985
Floors in Building
1
Number of units
1
Building materials
Metal Siding
Listing Agency:
Pearse Realty, Inc.
(269) 962-6167
Listed By:
Amy M Turley
(269) 209-7372
Added: Jan 22
Changed: Sep 7
Last Checked: Sep 12 at 9:06PM
MLS# 26002712
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 3,892-square-foot automotive service property was built in 1985 and includes four overhead doors, three car lifts, an air compressor, and garage door operators. The facility offers one bathroom with a shower, an additional half bath, an office with central air, washer and dryer connections, and an alarm system. Metal siding, forced-air heating, and central cooling serve the building.
The property spans 2.37 acres and includes paved parking for 40+ cars, with additional land area for future expansion. A large on-site sign is also included. The sale may include additional tools and equipment, along with a client list and established business name, subject to the terms of the transaction.
The property spans 2.37 acres and includes paved parking for 40+ cars, with additional land area for future expansion. A large on-site sign is also included. The sale may include additional tools and equipment, along with a client list and established business name, subject to the terms of the transaction.
Key Highlights
- 3,892 SF automotive service building constructed in 1985
- Four overhead doors with garage door operators
- Three car lifts and an air compressor
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
$24,071
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
8.09%
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%
$481,420
$481.4K
Cap Rate 7%
$343,871
$343.9K
Cap Rate 9%
$267,456
$267.5K
Market Conditions
NOI Build-Up for 3,892 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
$36.9K $9.48/SF
− Vacancy
−$2.5K −$0.64/SF
EGI
$34.4K $8.84/SF
− OpEx
−$10.3K −$2.65/SF
NOI
$24.1K $6.18/SF
Area
Calhoun County, MI
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
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%
$481,420
Cap Rate 7%
$343,871
Cap Rate 9%
$267,456
Alternative Uses
Best Use
Retail
$577.2K
$505.0K – $673.4K
NOI $40,402 @ 7.0% cap · market cap 13.58%
Second Best
Industrial
$343.9K
$300.9K – $401.2K
NOI $24,071 @ 7.0% cap · market cap 8.09%
Theoretical Best
Healthcare Medical
$46.17M
$40.40M – $53.86M
NOI $3,231,781 @ 7.0% cap · market cap 1,086.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
18k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
5,809 visits/mo
0.3 miles
Marathon
Shops & Services
4,722 visits/mo
0.2 miles
Springfield Do It Center
Shops & Services
2,813 visits/mo
0.3 miles
Sunshine Toyota
Shops & Services
2,328 visits/mo
0.4 miles
Henkel Chrysler Jeep Dodge Ram
Shops & Services
1,600 visits/mo
0.5 miles
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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- Mn Midwest Eclectric Motor & Supply — Springfield, MI 49037
Frequently Asked Questions
What type of property is this?
Auto shop - Established service facility with paved parking, office amenities, lifts, and room for future expansion.
Where is this auto shop located?
The property is located at 622 Upton Avenue Battle Creek, MI.
What is the asking price?
The asking price for this property is $297,500.
What are key features of this property?
This property features: 3,892 SF automotive service building constructed in 1985; Four overhead doors with garage door operators; Three car lifts and an air compressor
