Turn-Key Battle Creek Provisioning
For Sale
Contact for pricing
190 North 20th Street, Battle Creek, MI 49015
Municipally approved Medical & Recreational Marijuana provisioning center in Battle Creek.
Property Size1,421 SF
Lot Size0.23 Acres
Price / SF$280.79
Days on Market213
Property Features for 190 North 20th Street
General Information
Standard status
Active
Size
1,421 SF
Lot size
0.23 Acres
Property subtype
Retail, Office
Listing Agency:
KJ Commercial
Listed By:
Kevin Jappaya, CCIM · License #6502380656
(248) 931-1980
Source:
Crexi
Added: Mar 26
Changed: Oct 18
Last Checked: Oct 23 at 6:45AM
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 KJ Commercial
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Investment Insights
Based on property information with market context.
This municipally approved provisioning center for both Medical and Recreational Marijuana is located in Battle Creek. The newly built-out, turn-key facility offers visibility and is situated within a 5-mile radius of a population of 88,000. The facility, with a size of 1,421 square feet, includes 2 bathrooms, a reception area, a private office, a full interior and exterior surveillance system, and custom cabinetry with 6 P.O.S register set up. The property is located on a 0.23-acre lot. The property is suitable for use as a provisioning center.
Key Highlights
- Municipally licensed for both Medical & Recreational Marijuana
- Newly built out, turn‑key facility
- Seller financing available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,751
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,020
$295.0K
Cap Rate 7%
$210,729
$210.7K
Cap Rate 9%
$163,900
$163.9K
Market Conditions
NOI Build-Up for 1,421 SF
Gross rent
$22.0K $15.48/SF
− Vacancy
−$924 −$0.65/SF
EGI
$21.1K $14.83/SF
− OpEx
−$6.3K −$4.45/SF
NOI
$14.8K $10.38/SF
Area
Calhoun County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,020
Cap Rate 7%
$210,729
Cap Rate 9%
$163,900
Alternative Uses
Best Use
Retail
$210.7K
$184.4K – $245.9K
NOI $14,751 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$16.86M
$14.75M – $19.67M
NOI $1,179,949 @ 7.0% cap · market cap 295.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
5,809 visits/mo
0.4 miles
Marathon
Shops & Services
4,722 visits/mo
0.5 miles
Springfield Do It Center
Shops & Services
2,813 visits/mo
0.5 miles
Comerica Bank
Shops & Services
2,081 visits/mo
0.1 miles
Demographics for 49015, MI
28,008
Population
12,522
Households
2.2
Avg Household Size
40
Median Age
28%
College-Educated
91%
High-School Grad
27.2 sq mi
ZIP Area
1,030
Density / Sq Mi
$67,719
Median Household Income
$39,900
Median Earnings
$980
Median Rent
$171,000
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Municipally approved Medical & Recreational Marijuana provisioning center in Battle Creek.
Where is this retail space located?
The property is located at 190 North 20th Street Battle Creek, MI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Municipally licensed for both Medical & Recreational Marijuana; Newly built out, turn‑key facility; Seller financing available
