Former Pizza Parlor For
For Sale
$475,000
3301 Michigan Ave W, Battle Creek, MI 49037
Restaurant property with high visibility and ample parking available for sale.
Property Size3,000 SF
Lot Size1.56 Acres
Price / SF$158.33
Days on Market271
Property Features for 3301 Michigan Ave W
General Information
Standard status
Active
Size
3,000 SF
Lot size
1.56 Acres
Listing Agency:
RE/MAX Perrett Associates
(269) 968-6101
Listed By:
Chip B Spranger · License #6501217484
(269) 968-6101
Source:
Exprealty
Added: Nov 3, 2025
Changed: Jul 6
Last Checked: Jul 31 at 12:48PM
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 property, formerly a pizza parlor, offers significant road frontage and proximity to Urbandale, Augusta, and Richland. The building provides almost 3,000 square feet of space and parking for over 50 vehicles. It is suitable for relocating an existing business or starting a new one, and is currently for sale.
Key Highlights
- High‑visibility location with great road frontage.
- Large parking capacity with space for over 50 cars.
- Sizeable building with almost 3,000 sqft of space.
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 | $46.4k | $15.48 |
| − Vacancy | −$2.0k | −$0.65 |
| EGI | $44.5k | $14.83 |
| − OpEx | −$11.1k | −$3.71 |
| NOI | $33.4k | $11.12 |
3,000 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$476.7K
$417.1K – $556.1K
NOI $33,367 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$35.59M
$31.14M – $41.52M
NOI $2,491,095 @ 7.0% cap · market cap 524.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
35k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Home Improvements & Furnishings 24%
Shops & Services 20%
McDonald's
Dining
19,590 visits/mo
0.2 miles
Family Farm & Home
Home Improvements & Furnishings
8,318 visits/mo
0.3 miles
Family Dollar
Shops & Services
3,570 visits/mo
0.1 miles
BP
Shops & Services
3,406 visits/mo
0.3 miles
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with high visibility and ample parking available for sale.
Where is this conventional restaurant located?
The property is located at 3301 Michigan Ave W Battle Creek, MI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: High‑visibility location with great road frontage.; Large parking capacity with space for over 50 cars.; Sizeable building with almost 3,000 sqft of space.
