Renovated Auto Shop with
For Sale
$575,000
946 Capital Avenue NE, Battle Creek, MI 49017
Commercial Sale, Battle Creek, MI
Property Size4,000 SF
Lot Size0.64 Acres
Price / SF$140.18
Days on Market323
Property Features for 946 Capital Avenue NE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
GC
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Bathroom 4, Bathroom 3
Parking
70
Elementary school district
Pennfield
Middle school district
Pennfield
High school district
Pennfield
Directions
M66 to Capital Ave NE. From Emmett St. continue .4 miles on Capital Ave NE. Property on your Right (East side of road)
Subdivision
Battle Creek - B
Standard status
Active
APN
18-032-108-00
Size
4,102 SF
Lot size
0.64 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LL@O
Tax Annual Amount
3030
Legal Description
LL@O
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Wall Unit(s), Window Unit(s)
Amenities
heated pole barn
hoist
new A/C
new electrical
new roofs
new siding
seal coated parking lot
Building Details
Year built
1947
Floors in Building
2
Number of units
3
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
eXp Realty LLC
(269) 600-4397
Listed By:
Dyan E Davis · License #6501403659
(269) 274-4340
Added: Nov 17, 2025
Changed: Sep 22
Last Checked: Oct 6 at 8:06AM
MLS# 25058641
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 renovated automotive property combines a commercial service setup with two connected apartments. The heated pole barn measures 48 feet by 32 feet and includes a 12-foot-high overhead door and hoist. Improvements include updated electrical systems, roofs, siding, and interior and exterior finishes. The property also has forced-air heat, wall and window cooling units, vinyl siding, and a composition roof.
A 15,000-square-foot parking lot serves the site and has been seal coated. Both apartments have new air-conditioning units, providing an additional residential component within the property. The parcel encompasses 0.64 acres at 946 Capital Avenue NE in Battle Creek, Michigan. Built in 1947, the property includes four bathrooms and cable availability.
A 15,000-square-foot parking lot serves the site and has been seal coated. Both apartments have new air-conditioning units, providing an additional residential component within the property. The parcel encompasses 0.64 acres at 946 Capital Avenue NE in Battle Creek, Michigan. Built in 1947, the property includes four bathrooms and cable availability.
Key Highlights
- Heated 48' x 32' pole barn with a 12' high door and hoist
- Two connected apartments, each with new A/C
- 15,000 sq. ft. parking lot with recent seal coating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,582
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,640
$851.6K
Cap Rate 7%
$608,314
$608.3K
Cap Rate 9%
$473,133
$473.1K
Market Conditions
NOI Build-Up for 4,102 SF
Gross rent
$63.5K $15.48/SF
− Vacancy
−$2.7K −$0.65/SF
EGI
$60.8K $14.83/SF
− OpEx
−$18.2K −$4.45/SF
NOI
$42.6K $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 Rate 5%
$851,640
Cap Rate 7%
$608,314
Cap Rate 9%
$473,133
Alternative Uses
Best Use
Retail
$608.3K
$532.3K – $709.7K
NOI $42,582 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$445.4K
$389.8K – $519.7K
NOI $31,180 @ 7.0% cap · market cap 5.42%
Theoretical Best
Healthcare Medical
$48.66M
$42.58M – $56.77M
NOI $3,406,157 @ 7.0% cap · market cap 592.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49017, MI
21,377
Population
9,701
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
56.8 sq mi
ZIP Area
376
Density / Sq Mi
$58,500
Median Household Income
$40,386
Median Earnings
$946
Median Rent
$134,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Auto shop - Commercial auto-service property with a heated pole barn, hoist, and two connected apartments.
Where is this auto shop located?
The property is located at 946 Capital Avenue NE Battle Creek, MI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Heated 48' x 32' pole barn with a 12' high door and hoist; Two connected apartments, each with new A/C; 15,000 sq. ft. parking lot with recent seal coating
