Retail Space in Pennfield
For Sale
$3,300,000
Pending
1583 Capital Ave NE, Battle Creek, MI 49017
Retail property for sale in a busy shopping center.
Property Size93,855 SF
Lot Size3.42 Acres
Days on Market200
Property Features for 1583 Capital Ave NE
General Information
Standard status
Pending
Size
93,855 SF
Lot size
3.42 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$20,000
Building Details
Year Built
1986
Units
11
Listing Agency:
Cherney Realty Advisors
Listed By:
Charles Cherney · License #6502109268
(269) 420-1347
Source:
Elliman
Added: Mar 10
Changed: Sep 4
Last Checked: Sep 4 at 2:23AM
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 Cherney Realty Advisors
Investment Insights
Based on property information with market context.
This property comprises the southern 42,837 square feet of the 93,855 square foot Capital Square/Pennfield Plaza shopping center, situated on M-66/Capital Avenue NE. The location benefits from high traffic volume, with over 15,000 vehicles per day on M-66. Anchored by tenants such as Family Fare, ACE Hardware, RAC, Dollar Tree, Nova Care, MeMaw's Merchandise, H & R Block, and McGonigle's Deli, the center features tenants with a history of lease renewals. The property is located adjacent to a complex with over 250 apartment units and is in close proximity to the Bailey Park sports complex. A 2,500 square foot basement with two restrooms is located beneath the 3,700 square foot restaurant unit.
Key Highlights
- High traffic location with over 15,000 vehicles per day (VPD) on M‑66 / Capital Avenue NE.
- Anchored by established tenants including Family Fare, ACE Hardware, and Dollar Tree, with repeated lease renewals.
- Proximity to residential and recreational areas, adjacent to a 250+ unit apartment complex and close to Bailey Park sports complex.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
123
Businesses Nearby
130k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 27%
Groceries 18%
Home Improvements & Furnishings 5%
McDonald's
Dining
25,926 visits/mo
0.5 miles
Family Fare
Groceries
23,556 visits/mo
0.1 miles
Shell
Shops & Services
18,680 visits/mo
0.1 miles
Taco Bell
Dining
12,625 visits/mo
0.4 miles
Wendy's
Dining
10,332 visits/mo
0.2 miles
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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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail property for sale in a busy shopping center.
Where is this shopping center located?
The property is located at 1583 Capital Ave NE Battle Creek, MI.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: High traffic location with over 15,000 vehicles per day (VPD) on M‑66 / Capital Avenue NE.; Anchored by established tenants including Family Fare, ACE Hardware, and Dollar Tree, with repeated lease renewals.; Proximity to residential and recreational areas, adjacent to a 250+ unit apartment complex and close to Bailey Park sports complex.
