Building Details

Year Built 1964

Buildings 2

Listing Agency: NAI Wisinski of West Michigan

Listed By: Jodi K Milks · License #6506044331 Show Phone

Source: Katie-k

Added: Jul 10 Changed: Oct 9 Last Checked: Oct 7 at 1:21PM

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Investment Insights

Based on property information with market context.

This freestanding former bank branch contains 2,987 square feet on a 0.86-acre parcel, with a separate 1,200-square-foot, four-lane drive-through. The building was constructed in 1964 and is classified B-2 General Commercial. Its existing configuration provides a foundation for continued financial-services use or conversion to retail, office, medical, service, or redevelopment applications, as supported by the zoning and physical improvements.

The property fronts N 20th Street and offers access to W Dickman Road and W Columbia Avenue. It is situated among established industrial, automotive, and retail corridors, connecting the site with multiple commercial areas. Availability is scheduled for September 2026.

Key Highlights

• 2,987 SF freestanding former bank branch
• 0.86‑acre commercial parcel
• Additional 1,200 SF four‑lane drive‑thru

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,223

Cap Rate

8.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$664,460 $664.5K

Cap Rate 7%

$474,614 $474.6K

Cap Rate 9%

$369,144 $369.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,987 SF

Gross rent

$46.2K $15.48/SF

− Vacancy

−$1.9K −$0.65/SF

EGI

$44.3K $14.83/SF

− OpEx

−$11.1K −$3.71/SF

NOI

$33.2K $11.12/SF

Area

Calhoun County, MI

Vacancy

4.20%

Lease Rate

$15.48 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$664,460

Cap Rate 7%

$474,614

Cap Rate 9%

$369,144

Alternative Uses

Best Use

Specialty Retail

$474.6K

$415.3K – $553.7K (±1% cap)

NOI $33,223 @ 7.0% cap · market cap 8.86%

Second Best

Office B

$470.1K

$411.3K – $548.4K (±1% cap)

NOI $32,906 @ 7.0% cap · market cap 8.77%

Theoretical Best

Healthcare Medical

$35.43M

$31.00M – $41.34M (±1% cap)

NOI $2,480,300 @ 7.0% cap · market cap 661.41%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Comerica Bank - ATM Atm Comerica Bank Bank

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom Dental Office Big Box & Wholesale Store Real Estate Agency HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

346

Businesses Nearby

Explore this area Business Placement

Demographics for 49037, MI

21,427

Population

9,971

Households

2.1

Avg Household Size

37

Median Age

12%

College-Educated

88%

High-School Grad

19.3 sq mi

ZIP Area

1,110

Density / Sq Mi

$42,598

Median Household Income

$32,024

Median Earnings

$843

Median Rent

$90,600

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Bank - B-2 General Commercial property with a standalone branch building and dedicated drive-through facilities.

Where is this bank located?

The property is located at 215 N 20th St 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: 2,987 SF freestanding former bank branch; 0.86‑acre commercial parcel; Additional 1,200 SF four‑lane drive‑thru