Renovated Salon and Wellness
For Sale
$259,900
714 Main Street, Battle Creek, MI 49014
Commercial Sale, Battle Creek, MI
Property Size1,806 SF
Lot Size0.77 Acres
Price / SF$143.91
Days on Market481
Property Features for 714 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
GC
Bathrooms
1
Full bathrooms
1
Rooms
Basement, Bathroom 1
Parking
25
Elementary school district
Harper Creek
Middle school district
Harper Creek
High school district
Harper Creek
Directions
94 West to Beatle Lake Rd exit. Go North to Main Street and turn left at Main Street. Building is on the North side of the road. Front BC head east on Columbia to Beatle Lake Rd to Main.
Subdivision
Battle Creek - B
Standard status
Active
APN
1080013200
Size
1,806 SF
Lot size
0.77 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Emmett Twp/T2S, R7W Sec. 18, Woodhill, Lot 161, 163, 165, & 167
Tax Annual Amount
3124
Legal Description
Emmett Twp/T2S, R7W Sec. 18, Woodhill, Lot 161, 163, 165, & 167
Utilities
Utilities
Phone Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1960
Floors in Building
1
Number of units
1
Building materials
Vinyl Siding, Stone
Roof type
Composition
Listing Agency:
Real Estate One Rosemary Davis
(269) 781-9847
Listed By:
Linda K Waito · License #6506029282
(517) 795-6519
Added: May 23, 2025
Changed: Sep 7
Last Checked: Sep 15 at 4:06PM
MLS# 25023963
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 1,806-square-foot commercial building on 0.77 acres is currently configured for nail, hair, and barber salon operations. Recent improvements include new flooring, walls, exterior work, wiring, plumbing, and a furnace. The property also includes a shed, basement, bathroom, forced-air heat, central air, vinyl siding, stone, and a composition roof. Sale contents are included, except for the computer, scanner, and printer; the business name is excluded.
A new air conditioner is planned for installation when weather permits. The property is located near I-94 in Battle Creek, Michigan, with phone service available.
A new air conditioner is planned for installation when weather permits. The property is located near I-94 in Battle Creek, Michigan, with phone service available.
Key Highlights
- 1,806‑square‑foot commercial building on 0.77 acres
- Currently configured for nail, hair, and barber salon use
- Updated flooring, walls, exterior, wiring, plumbing, and furnace
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
$18,748
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
7.21%
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%
$374,960
$375.0K
Cap Rate 7%
$267,829
$267.8K
Cap Rate 9%
$208,311
$208.3K
Market Conditions
NOI Build-Up for 1,806 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
$28.0K $15.48/SF
− Vacancy
−$1.2K −$0.65/SF
EGI
$26.8K $14.83/SF
− OpEx
−$8.0K −$4.45/SF
NOI
$18.7K $10.38/SF
Area
Calhoun County, MI
Vacancy
4.20%
Lease Rate
$15.48 /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%
$374,960
Cap Rate 7%
$267,829
Cap Rate 9%
$208,311
Alternative Uses
Best Use
Retail
$267.8K
$234.4K – $312.5K
NOI $18,748 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$21.42M
$18.75M – $24.99M
NOI $1,499,639 @ 7.0% cap · market cap 577.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
11k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,765 visits/mo
0.3 miles
Dollar Tree
Shops & Services
2,895 visits/mo
0.4 miles
Demographics for 49014, MI
21,505
Population
9,314
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
90%
High-School Grad
72.5 sq mi
ZIP Area
297
Density / Sq Mi
$63,383
Median Household Income
$40,061
Median Earnings
$997
Median Rent
$159,100
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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Similar Off Market Nearby
- VersaMax Fitness Personal Training, Nutrition & Massage — 491 E Columbia Ave Suite #1, Battle Creek, MI 49014
- Health & Energy Acupuncture BC — 501 E Columbia Ave, Battle Creek, MI 49015
- Fire Creek Provisioning Center - NOW OPEN — 846 e columbia ave, battle creek, mi 49014
- Fitness Pros Battle Creek — 395 S Shore Dr STE 101, Battle Creek, MI 49014
- Rock Solid Wellness Studio, LLC — 1332 E Columbia Ave, Battle Creek, MI 49014
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Standalone commercial building with updated systems, salon improvements, and contents included in the sale.
Where is this spa & wellness property located?
The property is located at 714 Main Street Battle Creek, MI.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 1,806‑square‑foot commercial building on 0.77 acres; Currently configured for nail, hair, and barber salon use; Updated flooring, walls, exterior, wiring, plumbing, and furnace
