3 Heritage Oak Lane Entire bldg, Battle Creek, MI 49015

Building Details

Buildings 1 More

Stories 2 More

Building Size 5,121 SF More

Listing Agency: NAI Wisinski of West Michigan Show Phone

Listed By: Kara Schroer · License MI #6501373674 Show Phone

Source: Jimdehaan

Added: Sep 14 Changed: Nov 10 Last Checked: Nov 10 at 8:02AM

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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

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Investment Insights

Based on property information with market context.

This office property contains approximately 5,121 SF within a two-suite configuration on approximately 0.86 acres. The upper suite encompasses approximately 2,561 SF and is finished for occupancy, while the lower suite is scheduled to become available in Fall 2026. On-site parking supports the building’s office use.

Masonry work and a new roof are scheduled for completion in July. The property is located at 3 Heritage Oak Lane in Battle Creek, near Beckley Road amenities and minutes from I-94, providing access to nearby commercial services and the regional highway network.

Key Highlights

• Approximately 5,121 SF office building on approximately 0.86 acres
• Two‑suite layout with an approximately 2,561 SF finished upper suite
• Lower suite scheduled to become available in Fall 2026

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$56,415

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,128,300 $1.1M

Cap Rate 7%

$805,929 $805.9K

Cap Rate 9%

$626,833 $626.8K

What to ask about pricing

Market Conditions

NOI Build-Up for 5,121 SF

Gross rent

$87.3K $17.04/SF

− Vacancy

−$12.0K −$2.35/SF

EGI

$75.2K $14.69/SF

− OpEx

−$18.8K −$3.67/SF

NOI

$56.4K $11.02/SF

Area

Calhoun County, MI

Vacancy

13.80%

Lease Rate

$17.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,128,300

Cap Rate 7%

$805,929

Cap Rate 9%

$626,833

Alternative Uses

Best Use

Office B

$805.9K

$705.2K – $940.3K (±1% cap)

NOI $56,415 @ 7.0% cap

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.08M

$942.9K – $1.26M (±1% cap)

NOI $75,432 @ 7.0% cap

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

Property Analytics

Current Use

Shepard Professional Surveying, ... Land Surveyor Kent A. Bieberich Law Firm Humbarger, Zebell & Bieberich, ... Law Firm Homelife Inc Nursing Home TPS The Perfect Stick ... Training Center

Suggested Use

Top Pick Real Estate Agency Building Supply HVAC Service Kitchen & Bath Showroom Electrical Service Parking Lot & Garage

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

2

Office units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

740

Businesses Nearby

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

Average Price Trend$/SF for Office buildings in Battle Creek, MI

$83.78 Jul

$155 Aug

$148 Sep

$121 Oct

Properties on Market for Office buildings in Battle Creek

Jul

Aug

Sep

Oct

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?

Office building - Finished upper-level workspace with additional suite availability and on-site parking in a quiet office park setting.

Where is this office building located?

The property is located at 3 Heritage Oak Lane Entire bldg Battle Creek, MI.

What are key features of this property?

This property features: Approximately 5,121 SF office building on approximately 0.86 acres; Two‑suite layout with an approximately 2,561 SF finished upper suite; Lower suite scheduled to become available in Fall 2026