Former Pizza Parlor For
For Sale
$475,000
3301 W Michigan Ave, Battle Creek, MI 49037
Commercial building with road frontage and ample parking.
Property Size2,765 SF
Price / SF$171.79
Days on Market234
Property Features for 3301 W Michigan Ave
General Information
Standard status
Active
Size
2,765 SF
Building Details
Year Built
1978
Listing Agency:
RE/MAX Perrett Associates
Listed By:
Chip B Spranger · License #6501217484
(269) 441-5580
Source:
Katie-k
Added: Mar 11
Changed: Oct 25
Last Checked: Oct 28 at 11:52AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property, formerly a pizza parlor, offers significant road frontage and is situated close to Urbandale, Augusta, and Richland. The building provides almost 3,000 square feet of space and includes parking for over 50 vehicles. The property is suitable for relocating an existing business or starting a new one.
Key Highlights
- High‑visibility location with great road frontage
- Large parking area with space for over 50 cars
- Sizeable building with almost 3,000 sqft of space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,753
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,060
$615.1K
Cap Rate 7%
$439,329
$439.3K
Cap Rate 9%
$341,700
$341.7K
Market Conditions
NOI Build-Up for 2,765 SF
Gross rent
$42.8K $15.48/SF
− Vacancy
−$1.8K −$0.65/SF
EGI
$41.0K $14.83/SF
− OpEx
−$10.3K −$3.71/SF
NOI
$30.8K $11.12/SF
Area
Calhoun County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,060
Cap Rate 7%
$439,329
Cap Rate 9%
$341,700
Alternative Uses
Best Use
Specialty Retail
$439.3K
$384.4K – $512.6K
NOI $30,753 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$32.80M
$28.70M – $38.27M
NOI $2,295,959 @ 7.0% cap · market cap 483.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
5k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,428 visits/mo
0.1 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial building with road frontage and ample parking.
Where is this conventional restaurant located?
The property is located at 3301 W Michigan Ave 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 area with space for over 50 cars; Sizeable building with almost 3,000 sqft of space
