Commercially Zoned Development
For Sale
Contact for pricing
1770 Columbia Avenue E, Battle Creek, MI 49014
Large commercially zoned site with visibility, street utilities, and access to I-94 for flexible retail, medical, industrial, or multifamily uses.
Property Size5,952 SF
Lot Size36.00 Acres
Price / SF$151.04
Days on Market221
Property Features for 1770 Columbia Avenue E
General Information
Standard status
Active
Size
5,952 SF
Lot size
36.00 Acres
Property subtype
Mixed Use, Office, Industrial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1976
Listing Agency:
Mark V Homes
(586) 481-0354
Listed By:
Antonio Gjonai · License #6502433396
Source:
Crexi
Added: Jan 1
Changed: Aug 8
Last Checked: Aug 9 at 3:41PM
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 Mark V Homes
Investment Insights
Based on property information with market context.
This commercially zoned property presents a flexible development and redevelopment platform, with room for a range of uses including retail, mixed-use, industrial, medical, or multifamily development. The offering is described as a large contiguous parcel with utilities available at the street, supported by environmental and survey documentation available upon request.
Situated along the highly traveled Columbia Avenue corridor in Battle Creek, the site benefits from strong visibility and frontage along a major thoroughfare. The property also provides convenient access to I-94 and is located near national retailers, with surrounding residential neighborhoods that support immediate usability.
For buyers and tenants evaluating space that can accommodate different concepts, this assemblage is positioned as a versatile option due to its scale, frontage, and access. The availability of street utilities and the documentation provided can help streamline early planning for teams looking to pursue retail, medical, industrial, or multifamily plans on a single site.
Situated along the highly traveled Columbia Avenue corridor in Battle Creek, the site benefits from strong visibility and frontage along a major thoroughfare. The property also provides convenient access to I-94 and is located near national retailers, with surrounding residential neighborhoods that support immediate usability.
For buyers and tenants evaluating space that can accommodate different concepts, this assemblage is positioned as a versatile option due to its scale, frontage, and access. The availability of street utilities and the documentation provided can help streamline early planning for teams looking to pursue retail, medical, industrial, or multifamily plans on a single site.
Key Highlights
- Approximately 36‑acre commercially zoned site in Battle Creek along the Columbia Avenue corridor
- Frontage on a major thoroughfare with visibility and utilities available at the street
- Strong access to I‑94 for convenient regional connectivity
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
$80,654
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
8.97%
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%
$1,613,080
$1.6M
Cap Rate 7%
$1,152,200
$1.2M
Cap Rate 9%
$896,156
$896.2K
Market Conditions
NOI Build-Up for 5,952 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
$127.1K $21.36/SF
− Vacancy
−$3.1K −$0.51/SF
EGI
$124.1K $20.85/SF
− OpEx
−$43.4K −$7.30/SF
NOI
$80.7K $13.55/SF
Area
Calhoun County, MI
Vacancy
2.40%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
35.00%
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%
$1,613,080
Cap Rate 7%
$1,152,200
Cap Rate 9%
$896,156
Alternative Uses
Best Use
Flex RnD
$1.15M
$1.01M – $1.34M
NOI $80,654 @ 7.0% cap · market cap 8.97%
Second Best
Industrial
$525.9K
$460.2K – $613.5K
NOI $36,812 @ 7.0% cap · market cap 4.09%
Theoretical Best
Healthcare Medical
$70.60M
$61.78M – $82.37M
NOI $4,942,333 @ 7.0% cap · market cap 549.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
294
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
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?
Flex space - Large commercially zoned site with visibility, street utilities, and access to I-94 for flexible retail, medical, industrial, or multifamily uses.
Where is this flex space located?
The property is located at 1770 Columbia Avenue E Battle Creek, MI.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Approximately 36‑acre commercially zoned site in Battle Creek along the Columbia Avenue corridor; Frontage on a major thoroughfare with visibility and utilities available at the street; Strong access to I‑94 for convenient regional connectivity
