Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Income Property with Development Potential Title is generated by Realmo AI

    19687 East Avenue N, Battle Creek, MI 49017

    View on Map
    Claim this Listing
    For Sale
    $750,000

    MULTI_FAMILY - Battle Creek, MI

    Lot size:
    45.00 Acres
    Added:
    Jul 2, 2024
    Days on Market:
    690
    Last Refresh:
    May 22 at 10:06 am

    Property Features for 19687 East Avenue N

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Rooms
    Basement, Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1
    Parking
    4
    Basement
    Partial, Full
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    18-030-960-00
    Lot size
    45.00 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    PENNFIELD CHARTER TOWNSHIP T1S R7W SECTION 30 N 60 AC OF E 1/2 OF NE 1/4, EXC N 610.50 FT OF E 1070.19 FT TOGETHER WITH AN EASEMENT OVER THE N 610.50 FT OF THE 1070.19 FT OF THE NE 1/4 OF NE 1/4 45.00 AC +/-
    Tax Annual Amount
    8115

    Utilities

    Utilities
    Phone Available
    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1900
    Number of units
    2
    Building materials
    Wood Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    William A Thompson

    Listing agent William A Thompson License #6506038537

    Listing office Coldwell Banker Morehart Realty 719 Capital Ave. SW, Battle Creek, MI

    Listing date Jul 2, 2024

    MLS# 24033835 Listing URL

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1.45‑acre lot with SIGNIFICANT DEVELOPMENT POTENTIAL, backing up to the Carriage Hills development.
    • Income‑generating duplex providing a steady stream of rental income.
    • Prime location in the desirable Pennfield Schools district.
    • LMR Zoning Development Potential.
    • Pole barn for storage or hobbies.
    • Benefit from the economic boom brought on by the battery company being built in Marshall.

    Overview

    This multi-unit income property in Battle Creek offers a blend of income generation and future possibilities. It features a duplex that provides rental income, along with a 45-acre lot with development potential. The property includes a pole barn suitable for storage or hobbies. Located within the Pennfield Schools district, the property backs up to the Carriage Hills development, presenting an opportunity for future residential development. The property is positioned to benefit from the current housing shortage and the economic boom. Buyer to verify all lot dimensions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Hair Salon Nail Salon Hotel & Motel Accounting Firm Storage Facility Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Battle Creek
    County
    Calhoun
    State
    Michigan
    Longitude
    -85.161892
    Latitude
    42.358271

    Nearby Similar for Sale

    • $480,000
      4,880 SF

      Battle Creek Commercial Property For Sale

      Commercial property on a high-traffic street near major developments.
      510 E Columbia Avenue, Battle Creek, MI 49014
      View Details
    • $1,100,000
      11,061 SF

      High-Visibility Commercial Opportunity in Battle Creek

      Well-maintained commercial property with diverse tenant mix and excellent accessibility.
      12898 Beadle Lake Road, Battle Creek, MI 49014
      View Details
    • $199,900
      960 SF

      Battle Creek Commercial Opportunity

      Commercial property near medical offices, hotels, restaurants, and I-94.
      4672 Beckley Road, Battle Creek, MI 49015
      View Details
    • $399,000
      6,103 SF

      Battle Creek Commercial Property For Sale

      Commercial property with high ratings and new roofs in Battle Creek.
      21995 Bedford Road N, Battle Creek, MI 49017
      View Details
    • $450,000
      3,690 SF

      Battle Creek Restaurant and Lounge

      Turnkey restaurant and lounge in Battle Creek, Michigan for sale.
      883 North Avenue, Battle Creek, MI 49017
      View Details
    • $600,000
      12,000 SF

      Battle Creek Retail/Warehouse Opportunity

      12,000 sq ft retail/warehouse on 2 acres in Battle Creek.
      4343 W Columbia Avenue, Battle Creek, MI 49015
      View Details
    • $225,000
      1,316 SF

      Established Restaurant Opportunity in Battle Creek

      Turnkey restaurant with loyal customer base in high-visibility location.
      916 North Avenue, Battle Creek, MI 49017
      View Details
    • $899,000
      41,600 SF

      Revitalized Industrial Property For Sale

      Industrial property with renovated buildings, ample space, leasing considered.
      101 Bishop, Battle Creek, MI 49037
      View Details
    • $1,890,000
      16,200 SF

      Battle Creek Office Building

      Versatile 16,200 SF building on 3 acres near I-94.
      3630 Capital Avenue SW, Battle Creek, MI 49015
      View Details
    • $225,000
      1,396 SF

      Renovated Commercial Building, Battle Creek

      Fully renovated commercial building suitable for various business types.
      14501 Beadle Lake Road, Battle Creek, MI 49017
      View Details
    • $445,000
      2,100 SF

      Sticky's Battle Creek - Can be converted to Drive Through Food Service

      Modern 2,100 sq. ft. retail building on 1.27 acres.
      625 North Ave, Battle Creek, MI 49017
      View Details
    • $299,000
      10,148 SF

      Downtown Battle Creek Mixed-Use Building

      Two-story building in downtown Battle Creek suitable for various uses.
      56 E Michigan Avenue, Battle Creek, MI 49017
      View Details

    FAQs

    What type of property is this?
    Duplex - Multi-unit property in Battle Creek with 45-acre development potential.
    Where is this duplex located?
    The property is located at 19687 East Avenue N Battle Creek, MI.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 1.45‑acre lot with SIGNIFICANT DEVELOPMENT POTENTIAL, backing up to the Carriage Hills development.; Income‑generating duplex providing a steady stream of rental income.; Prime location in the desirable Pennfield Schools district.
    (269) 832-3359
    We can help!
    Listing Contact
    William A Thompson
    Real Estate License ID: 6506038537
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    19687 East Avenue N, Battle Creek, MI 49017
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!