Freestanding Bank Branch with
215 N 20th Street Battle Creek, MI 49037
215 N 20th Street, Battle Creek, MI, 49037
$375,000
For Sale
$375,000
COMMERCIAL - Battle Creek, MI
Property Size2,987 SF
Lot Size0.86 Acres
Price / SF$125.54
Days on Market47
Property Features for 215 N 20th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Interior features
- Broadband
- Standard status
- Active
- APN
- 54-270-001-00
- Size
- 2,987 SF
- Lot size
- 0.86 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SP CITY, WEST LAWN, BLK 1, LOTS 4 & 5, N 35 FT LOT 13, ALL LOTS 14, 15 & 16.
- Tax Annual Amount
- 11588
Utilities
- Utilities
- Phone Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1964
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Aluminum Siding, Brick
- Roof type
- Composition
Listing Agency
NAI Wisinski of West Michigan
(269) 353-0311
650 Trade Centre Way, Ste 130, Kalamazoo, MI
Listed by
Jodi K Milks · License #6502339107
(269) 353-0311
Added: Jun 2 Checked: Jul 18 at 3:06 am
MLS# 26026398
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.
Investment Insights
Based on property information with market context.
This freestanding former bank branch offers 2,987 square feet of commercial space on 0.86 acres in Springfield, Michigan. The property includes an additional 1,200 square feet featuring a four-lane drive-thru, making it well suited for businesses that benefit from convenient vehicle access. With its existing bank-branch improvements and standalone configuration, the building provides a practical foundation for a range of commercial concepts.
The property is located on N 20th Street with convenient access to W Dickman Road and W Columbia Avenue. It sits between established industrial, automotive, and retail corridors, supporting strong connectivity throughout the Battle Creek market.
Zoned B-2 General Commercial, the site is a strong option for tenants or buyers seeking flexibility, including retail, office, medical, service, or redevelopment opportunities. Availability is scheduled for September 2026, and prospective parties should coordinate tours directly with the listing contact. Please do not contact bank employees during business operations.
The property is located on N 20th Street with convenient access to W Dickman Road and W Columbia Avenue. It sits between established industrial, automotive, and retail corridors, supporting strong connectivity throughout the Battle Creek market.
Zoned B-2 General Commercial, the site is a strong option for tenants or buyers seeking flexibility, including retail, office, medical, service, or redevelopment opportunities. Availability is scheduled for September 2026, and prospective parties should coordinate tours directly with the listing contact. Please do not contact bank employees during business operations.
Key Highlights
- Freestanding 2,987 SF former bank branch on 0.86 acres in Springfield, Michigan
- Includes an additional 1,200 SF four‑lane drive‑thru
- B‑2 General Commercial zoning
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
Specialty Retail
$474.6K
$415.3K – $553.7K
NOI $33,223 @ 7.0% cap · market cap 8.86%
Second Best
Office B
$470.1K
$411.3K – $548.4K
NOI $32,906 @ 7.0% cap · market cap 8.77%
Theoretical Best
Healthcare Medical
$35.43M
$31.00M – $41.34M
NOI $2,480,300 @ 7.0% cap · market cap 661.41%
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 commercial building with a four-lane drive-thru, offering flexible space for retail, office, medical, and service uses.
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, Michigan; Includes an additional 1,200 SF four‑lane drive‑thru; B‑2 General Commercial zoning
