Former Bank Drive-Thru
215 N 20th Street Battle Creek, MI 49037
215 N 20th Street, Battle Creek, MI, 49037
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For Sale
Contact for pricing
Freestanding former bank with four-lane drive-thru, zoned B-2 General Commercial for flexible retail, office, and medical use.
Property Size2,987 SF
Lot Size0.86 Acres
Price / SF$125.54
Days on Market51
Property Features for 215 N 20th Street
General Information
- Standard status
- Active
- Size
- 2,987 SF
- Lot size
- 0.86 Acres
- Property subtype
- Office, Special Purpose
Building Details
- Year Built
- 1964
Listing agency
NAI Wisinski of West Michigan - Kalamazoo
Listed by
Jodi K. Milks, CCIM · License #6506044331
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 4:00PM Checked: Jul 21 at 1:21PM
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 NAI Wisinski of West Michigan - Kalamazoo
Investment Insights
Based on property information with market context.
This freestanding former bank branch offers 2,987 SF of space on 0.86 acres. The property also includes an additional 1,200 SF four-lane drive-thru, providing a dedicated vehicle-access component for service-oriented concepts or businesses that value convenient customer pickup. The building is positioned for adaptive reuse as retail, office, medical, or other service uses.
The site is located on N 20th Street with convenient access to W Dickman Road and W Columbia Avenue. The property is situated between established industrial, automotive, and retail corridors, supporting connectivity across the Battle Creek market.
Zoned B-2 General Commercial, the property is well suited for a range of commercial tenants and buyers exploring conversion from a banking use to a new operating model. Availability is noted for September 2026. Please do not contact bank employees during business operations; tours and additional details are handled through the listing broker.
The site is located on N 20th Street with convenient access to W Dickman Road and W Columbia Avenue. The property is situated between established industrial, automotive, and retail corridors, supporting connectivity across the Battle Creek market.
Zoned B-2 General Commercial, the property is well suited for a range of commercial tenants and buyers exploring conversion from a banking use to a new operating model. Availability is noted for September 2026. Please do not contact bank employees during business operations; tours and additional details are handled through the listing broker.
Key Highlights
- Freestanding 2,987 SF former bank branch on 0.86 acres in Springfield, MI (built 1964).
- Includes an additional 1,200 SF four‑lane drive‑thru.
- Zoned B‑2 General Commercial, suited for retail, office, medical, service, or redevelopment uses.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.2k | $15.48 |
| − Vacancy | −$1.9k | −$0.65 |
| EGI | $44.3k | $14.83 |
| − OpEx | −$11.1k | −$3.71 |
| NOI | $33.2k | $11.12 |
2,987 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$35.43M
$31.00M – $41.34M
NOI $2,480,300 @ 7.0% cap · market cap 661.41%
Second Best
Specialty Retail
$474.6K
$415.3K – $553.7K
NOI $33,223 @ 7.0% cap · market cap 8.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Comerica Bank - ATM
Atm
Comerica Bank
Bank
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Freestanding former bank with four-lane drive-thru, zoned B-2 General Commercial for flexible retail, office, and medical use.
Where is this bank located?
The property is located at 215 N 20th Street Battle Creek, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Freestanding 2,987 SF former bank branch on 0.86 acres in Springfield, MI (built 1964).; Includes an additional 1,200 SF four‑lane drive‑thru.; Zoned B‑2 General Commercial, suited for retail, office, medical, service, or redevelopment uses.
