15-Unit Former Motel
For Sale
Contact for pricing
1351 Columbia Ave W, Battle Creek, MI 49014
Five rooms have been substantially updated, with laundry infrastructure and a full basement below the manager’s unit.
Property Size4,440 SF
Lot Size0.85 Acres
Price / SF$5.63
Days on Market11
Property Features for 1351 Columbia Ave W
General Information
Standard status
Active
Size
4,440 SF
Lot size
0.85 Acres
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,487
Amenities
laundry infrastructure
Building Details
Buildings
2
Listing Agency:
LastBidRealEstate.com
(616) 538-0367
Listed By:
Jordan Miedema · License #6502403972
(616) 460-8936
Source:
Exprealty
Added: Oct 21
Changed: Oct 31
Last Checked: Oct 30 at 7:25PM
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 LastBidRealEstate.com
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Investment Insights
Based on property information with market context.
The former motel comprises 15 units across two buildings on approximately 0.845 acres. Five units have undergone substantial renovation, and both buildings received new roofs in 2023. Laundry infrastructure is in place, along with a full basement beneath the manager’s unit.
The site has 20 or more parking spaces and connections to city water and sewer. Potential future uses—including motel or boutique hospitality, residential rental, workforce or transitional housing, office conversion, or additional storage or structures—are subject to buyer verification and municipal approval.
The site has 20 or more parking spaces and connections to city water and sewer. Potential future uses—including motel or boutique hospitality, residential rental, workforce or transitional housing, office conversion, or additional storage or structures—are subject to buyer verification and municipal approval.
Key Highlights
- 15 units in two buildings on approximately 0.845 acres
- 20 or more parking spaces
- Five units substantially renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,083
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,660
$341.7K
Cap Rate 7%
$244,043
$244.0K
Cap Rate 9%
$189,811
$189.8K
Market Conditions
NOI Build-Up for 4,440 SF
Gross rent
$79.9K $18.00/SF
− Vacancy
−$44.0K −$9.90/SF
EGI
$36.0K $8.10/SF
− OpEx
−$18.9K −$4.25/SF
NOI
$17.1K $3.85/SF
Area
Calhoun County, MI
Vacancy
55.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,660
Cap Rate 7%
$244,043
Cap Rate 9%
$189,811
Alternative Uses
Best Use
Hotel Hospitality
$244.0K
$213.5K – $284.7K
NOI $17,083 @ 7.0% cap · market cap 68.33%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$52.67M
$46.09M – $61.45M
NOI $3,686,821 @ 7.0% cap · market cap 14,747.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
Under-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
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Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby
- Polish National Alliance — 15 Clair St, Battle Creek, MI 49014
Frequently Asked Questions
What type of property is this?
Motel - Five rooms have been substantially updated, with laundry infrastructure and a full basement below the manager’s unit.
Where is this motel located?
The property is located at 1351 Columbia Ave W Battle Creek, MI.
What are key features of this property?
This property features: 15 units in two buildings on approximately 0.845 acres; 20 or more parking spaces; Five units substantially renovated
