Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    306 W Columbia Ave Battle Creek, MI 49015

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Municipality-approved, ready for state licensing, seller financing available.

    Type:Retail
    Property size:
    1,800 SF
    Added:
    Jan 19, 2021
    Days on Market:
    1915
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 306 W Columbia Ave

    General Information

    Standard status
    Active
    Size
    1,800 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Jacob Sworski

    Listing agent Jacob Sworski License #MI

    Listing office ICONIC Real Estate

    Listing date Jan 19, 2021

    Source Crexi

    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 ICONIC Real Estate

    Overview

    Turnkey Cannabis Provisioning Center

    This 1,800-square-foot property is a fully built-out and turnkey cannabis provisioning center. It has been municipality-approved for medical and recreational cannabis use and includes a Certificate of Occupancy, making it ready for state licensing submission. The property is located on the northwest corner of Columbia Avenue and Forest Avenue. Custom cabinetry is installed, including eight point-of-sale register setups. The layout features a reception area, one private office, two bathrooms, and a full basement for additional storage. The property is equipped with a full interior and exterior surveillance system. Seller financing is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cannabis Properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Battle Creek
    County
    Calhoun
    State
    Michigan
    Longitude
    -85.187028
    Latitude
    42.298069

    Nearby Similar for Sale

    • $480,000
      4,880 SF

      Battle Creek Commercial Property For Sale

      Commercial property on a high-traffic street near major developments.
      510 E Columbia Avenue, Battle Creek, MI 49014
      View Details
    • $1,100,000
      11,061 SF

      High-Visibility Commercial Opportunity in Battle Creek

      Well-maintained commercial property with diverse tenant mix and excellent accessibility.
      12898 Beadle Lake Road, Battle Creek, MI 49014
      View Details
    • $600,000
      12,000 SF

      Battle Creek Retail/Warehouse Opportunity

      12,000 sq ft retail/warehouse on 2 acres in Battle Creek.
      4343 W Columbia Avenue, Battle Creek, MI 49015
      View Details
    • $399,000
      6,103 SF

      Battle Creek Commercial Property For Sale

      Commercial property with high ratings and new roofs in Battle Creek.
      21995 Bedford Road N, Battle Creek, MI 49017
      View Details
    • $450,000
      3,690 SF

      Battle Creek Restaurant and Lounge

      Turnkey restaurant and lounge in Battle Creek, Michigan for sale.
      883 North Avenue, Battle Creek, MI 49017
      View Details
    • $225,000
      1,396 SF

      Renovated Commercial Building, Battle Creek

      Fully renovated commercial building suitable for various business types.
      14501 Beadle Lake Road, Battle Creek, MI 49017
      View Details
    • $445,000
      2,100 SF

      Sticky's Battle Creek - Can be converted to Drive Through Food Service

      Modern 2,100 sq. ft. retail building on 1.27 acres.
      625 North Ave, Battle Creek, MI 49017
      View Details
    • $299,000
      10,148 SF

      Downtown Battle Creek Mixed-Use Building

      Two-story building in downtown Battle Creek suitable for various uses.
      56 E Michigan Avenue, Battle Creek, MI 49017
      View Details
    • $1,300,000
      10,868 SF

      Eclectic Storefront on High-Traffic Road

      Thriving turnkey business opportunity with antiques, collectibles, and jewelry.
      1368 E Michigan Avenue, Battle Creek, MI 49014
      View Details
    • $2,200,000
      14,400 SF

      Turnkey Ambulatory Surgery Center Opportunity

      Turnkey Ambulatory Surgery Center in Battle Creek, Michigan for sale.
      3770 Capital Avenue SW, Battle Creek, MI 49015
      View Details
    • $297,500
      3,892 SF

      Established Auto Repair Shop on Corner

      Successful automotive repair shop with expansion potential on high-traffic corner.
      622 Upton Avenue, Battle Creek, MI 49037
      View Details
    • $599,900
      10,756 SF

      Battle Creek Commercial Opportunity

      Commercial property on Michigan Ave with two metal buildings.
      750 Michigan Avenue, Battle Creek, MI 49037
      View Details

    FAQs

    What type of property is this?
    Cannabis property - Municipality-approved, ready for state licensing, seller financing available.
    Where is this cannabis property located?
    The property is located at 306 W Columbia Ave Battle Creek, MI.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Turn‑Key Cannabis Provisioning Center: Fully built‑out and ready for immediate operation.; Municipality Approved: Already approved for both medical and recreational cannabis sales.; Certificate of Occupancy: Ready for state licensing submission.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jacob Sworski
    Real Estate License ID: MI
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!