Mixed-Use Property with
191 McKinley Ave N, Battle Creek, MI 49017
For Sale
$160,000
Two-story residence paired with a detached commercial garage and warehouse, offering separate residential and business-oriented spaces.
Property Size2,600 SF
Price / SF$128.21
Days on Market50
Property Features for 191 McKinley Ave N
General Information
Standard status
Size
Warehouse & Industrial
Warehouse Space
Drive-In Doors
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Pearse Realty, Inc.
Listed By:
Rebecca Spenelli · License #6501395920
(269) 986-6782
Source:
Katie-k
Added: Sep 21
Changed: Oct 26
Last Checked: Oct 7 at 3:44PM
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 Pearse Realty, Inc.
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Investment Insights
Based on property information with market context.
This mixed-use property at 191 McKinley Ave N combines a 3-bedroom, 2-story house with a detached commercial building on a double lot. The commercial improvement totals 2,600 square feet and is divided between a 900-square-foot garage and a 1,700-square-foot warehouse. The garage measures 32 by 27 feet, includes two 10-foot-high garage doors and a utility door, and has 12-foot ceilings with a small loading dock leading toward the warehouse area. The warehouse provides a 50-by-32-foot open heated area with 10-foot ceilings.
The commercial space is located in Battle Creek, MI, and currently does not have running water. The property is offered as-is, with no seller repairs planned. Buyers are responsible for confirming the permitted commercial use and any requirements associated with the existing improvements. The residence was built in 1920, while the commercial building provides dedicated space for storage, garage functions, or business operations subject to verification.
The commercial space is located in Battle Creek, MI, and currently does not have running water. The property is offered as-is, with no seller repairs planned. Buyers are responsible for confirming the permitted commercial use and any requirements associated with the existing improvements. The residence was built in 1920, while the commercial building provides dedicated space for storage, garage functions, or business operations subject to verification.
Key Highlights
- Detached 2,600‑square‑foot commercial garage and warehouse
- 3‑bedroom, 2‑story house on a double lot
- 900‑square‑foot garage with two 10‑foot‑high doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,373
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$187,460
$187.5K
Cap Rate 7%
$133,900
$133.9K
Cap Rate 9%
$104,144
$104.1K
Market Conditions
NOI Build-Up for 1,248 SF
Gross rent
$11.8K $9.48/SF
− Vacancy
−$805 −$0.64/SF
EGI
$11.0K $8.84/SF
− OpEx
−$1.7K −$1.33/SF
NOI
$9.4K $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 Rate 5%
$187,460
Cap Rate 7%
$133,900
Cap Rate 9%
$104,144
Alternative Uses
Best Use
Mixed Use
$221.4K
$193.8K – $258.3K
NOI $15,500 @ 7.0% cap · market cap 9.69%
Second Best
Warehouse
$133.9K
$117.2K – $156.2K
NOI $9,373 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$262.6K
$229.8K – $306.4K
NOI $18,383 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
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Business Placement
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 Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story residence paired with a detached commercial garage and warehouse, offering separate residential and business-oriented spaces.
Where is this mixed-use property located?
The property is located at 191 McKinley Ave N Battle Creek, MI.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Detached 2,600‑square‑foot commercial garage and warehouse; 3‑bedroom, 2‑story house on a double lot; 900‑square‑foot garage with two 10‑foot‑high doors
