Former Pizza Parlor For
3301 Michigan Ave W Battle Creek, MI 49037
3301 Michigan Ave W, Battle Creek, MI, 49037
$475,000
For Sale
$475,000
Restaurant property with high visibility and ample parking available for sale.
Property Size3,000 SF
Lot Size1.56 Acres
Price / SF$158.33
Days on Market261
Property Features for 3301 Michigan Ave W
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 1.56 Acres
Listing agency
RE/MAX Perrett Associates
(269) 968-6101
Listed by
Chip B Spranger · License #6506040636
(269) 968-6101
Source
Exprealty
Added: Nov 3, 2025 Updated: Jul 6 at 9:12AM Checked: Jul 22 at 10:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Perrett Associates
Investment Insights
Based on property information with market context.
This property, formerly a pizza parlor, offers significant road frontage and proximity to Urbandale, Augusta, and Richland. The building provides almost 3,000 square feet of space and parking for over 50 vehicles. It is suitable for relocating an existing business or starting a new one, and is currently for sale.
Key Highlights
- High‑visibility location with great road frontage.
- Large parking capacity with space for over 50 cars.
- Sizeable building with almost 3,000 sqft of space.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.4k | $15.48 |
| − Vacancy | −$2.0k | −$0.65 |
| EGI | $44.5k | $14.83 |
| − OpEx | −$11.1k | −$3.71 |
| NOI | $33.4k | $11.12 |
3,000 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$476.7K
$417.1K – $556.1K
NOI $33,367 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$35.59M
$31.14M – $41.52M
NOI $2,491,095 @ 7.0% cap · market cap 524.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Restaurant property with high visibility and ample parking available for sale.
Where is this conventional restaurant located?
The property is located at 3301 Michigan Ave W Battle Creek, MI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: High‑visibility location with great road frontage.; Large parking capacity with space for over 50 cars.; Sizeable building with almost 3,000 sqft of space.
