Warehouse and Development
For Sale
$1,250,000
12967 E MIchigan Ave, Battle Creek, MI 49014
10-acre commercial parcel on E. Michigan Ave with an 80x80 clear-span steel insulated warehouse and on-site residence.
Property Size6,400 SF
Lot Size10.00 Acres
Price / SF$195.31
Days on Market118
Property Features for 12967 E MIchigan Ave
General Information
Standard status
Active
Size
6,400 SF
Lot size
10.00 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$5,563
Building Details
Year Built
1988
Units
2
Construction
clear span steel
Listing Agency:
RE/MAX Perrett Associates
(269) 967-6713
Listed By:
Carter Damon · License #6501341086
(269) 967-6713
Source:
Elliman
Added: Apr 27
Changed: Aug 8
Last Checked: Aug 21 at 7:44AM
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 10-acre commercial property offers a ready-to-use warehouse and additional on-site residence. The improvements include an 80x80 clear span steel construction building with insulation, along with a 6-bedroom, 2.5-bath home on the parcel.
The property is situated directly on E. Michigan Ave and is across from the new Marshall Blue Oval plant. The location is described as providing high visibility and easy interstate access, and the listing notes zoning that permits a wide array of commercial uses.
The seller indicates flexibility for acquisition, including openness to splits, supporting phased development or tailored site configurations.
The property is situated directly on E. Michigan Ave and is across from the new Marshall Blue Oval plant. The location is described as providing high visibility and easy interstate access, and the listing notes zoning that permits a wide array of commercial uses.
The seller indicates flexibility for acquisition, including openness to splits, supporting phased development or tailored site configurations.
Key Highlights
- 10‑acre commercial parcel on E. Michigan Ave
- Includes an 80x80 clear span steel construction insulated building
- On‑site 6‑bedroom, 2.5‑bath home
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
$48,064
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
3.85%
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%
$961,280
$961.3K
Cap Rate 7%
$686,629
$686.6K
Cap Rate 9%
$534,044
$534.0K
Market Conditions
NOI Build-Up for 6,400 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
$60.7K $9.48/SF
− Vacancy
−$4.1K −$0.64/SF
EGI
$56.5K $8.84/SF
− OpEx
−$8.5K −$1.33/SF
NOI
$48.1K $7.51/SF
Area
Calhoun County, MI
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$961,280
Cap Rate 7%
$686,629
Cap Rate 9%
$534,044
Alternative Uses
Best Use
Warehouse
$686.6K
$600.8K – $801.1K
NOI $48,064 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$75.92M
$66.43M – $88.57M
NOI $5,314,336 @ 7.0% cap · market cap 425.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - 10-acre commercial parcel on E. Michigan Ave with an 80x80 clear-span steel insulated warehouse and on-site residence.
Where is this warehouse located?
The property is located at 12967 E MIchigan Ave Battle Creek, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 10‑acre commercial parcel on E. Michigan Ave; Includes an 80x80 clear span steel construction insulated building; On‑site 6‑bedroom, 2.5‑bath home
