B-1 Zoned Development
For Sale
Contact for pricing
Pending
2275 W Columbia Avenue, Battle Creek, MI 49015
For-sale commercial-zoned site with existing structures and strong frontage for retail, office, or mixed-use redevelopment.
Property Size2,967 SF
Days on Market63
Property Features for 2275 W Columbia Avenue
General Information
Standard status
Pending
Size
2,967 SF
Property subtype
Industrial, Retail, Office, Land
Building Details
Year Built
1945
Buildings
2
Units
1
Listing Agency:
RE/MAX Perrett Associates
(269) 317-0988
Listed By:
Dustin Damon · License #6501341086
Source:
Crexi
Added: Jun 9
Changed: Aug 8
Last Checked: Aug 3 at 5:54AM
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 RE/MAX Perrett Associates
Investment Insights
Based on property information with market context.
This for-sale development site consists of approximately 2 acres of commercially zoned property in a B-1 district. The lot includes existing structures that could be salvaged or removed to support redevelopment plans, giving flexibility to fit a range of build-out concepts. With substantial frontage and visibility already present, the property is positioned to support new commercial construction and tenant-facing improvements.
Located at 2275 W Columbia Avenue in Battle Creek, the site is described as being in the heart of the area and within a high-traffic setting. The offering is characterized as having easy access to primary corridors, amenities, and local infrastructure, which can simplify planning for future operations and customer or tenant travel. The clear B-1 zoning alignment is intended to support streamlined planning and approvals for an appropriately designed project.
For developers and end users, the property’s combination of B-1 zoning, usable lot area, and existing improvements creates a straightforward foundation for redevelopment. Its flexibility supports a variety of potential uses, including commercial, retail, office, or mixed-use concepts, depending on how the site is configured. Buyers seeking a commercially zoned parcel with frontage visibility and adaptability for different build scenarios may find this site a practical match for their next project.
Located at 2275 W Columbia Avenue in Battle Creek, the site is described as being in the heart of the area and within a high-traffic setting. The offering is characterized as having easy access to primary corridors, amenities, and local infrastructure, which can simplify planning for future operations and customer or tenant travel. The clear B-1 zoning alignment is intended to support streamlined planning and approvals for an appropriately designed project.
For developers and end users, the property’s combination of B-1 zoning, usable lot area, and existing improvements creates a straightforward foundation for redevelopment. Its flexibility supports a variety of potential uses, including commercial, retail, office, or mixed-use concepts, depending on how the site is configured. Buyers seeking a commercially zoned parcel with frontage visibility and adaptability for different build scenarios may find this site a practical match for their next project.
Key Highlights
- 2‑acre commercial‑zoned B‑1 district development site in the heart of Battle Creek
- Existing structures on the lot that could be salvaged or removed for redevelopment
- Large frontage and visibility for retail, office, or mixed‑use build‑outs
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,350
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$367,000
$367.0K
Cap Rate 7%
$262,143
$262.1K
Cap Rate 9%
$203,889
$203.9K
Market Conditions
NOI Build-Up for 2,967 SF
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.
Gross rent
$28.1K $9.48/SF
− Vacancy
−$1.9K −$0.64/SF
EGI
$26.2K $8.84/SF
− OpEx
−$7.9K −$2.65/SF
NOI
$18.4K $6.18/SF
Area
Calhoun County, MI
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$367,000
Cap Rate 7%
$262,143
Cap Rate 9%
$203,889
Alternative Uses
Best Use
Flex RnD
$574.4K
$502.6K – $670.1K
NOI $40,205 @ 7.0% cap · market cap 17.49%
Second Best
Warehouse
$318.3K
$278.5K – $371.4K
NOI $22,282 @ 7.0% cap · market cap 9.69%
Theoretical Best
Healthcare Medical
$35.20M
$30.80M – $41.06M
NOI $2,463,693 @ 7.0% cap · market cap 1,071.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49015, MI
28,008
Population
12,522
Households
2.2
Avg Household Size
40
Median Age
28%
College-Educated
91%
High-School Grad
27.2 sq mi
ZIP Area
1,030
Density / Sq Mi
$67,719
Median Household Income
$39,900
Median Earnings
$980
Median Rent
$171,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - For-sale commercial-zoned site with existing structures and strong frontage for retail, office, or mixed-use redevelopment.
Where is this flex space located?
The property is located at 2275 W Columbia Avenue Battle Creek, MI.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: 2‑acre commercial‑zoned B‑1 district development site in the heart of Battle Creek; Existing structures on the lot that could be salvaged or removed for redevelopment; Large frontage and visibility for retail, office, or mixed‑use build‑outs
