Former Bank Drive-Thru
For Sale
Contact for pricing
215 N 20th Street, Battle Creek, MI 49037
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 Market59
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
Zoning
B-2
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
Changed: Jul 10
Last Checked: Jul 30 at 6:06AM
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.
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
129
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
Questions? Ask Rey
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Frequently Asked Questions
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.
