Medical Office Building with
For Sale
$2,200,000
5161 B Dr S, Battle Creek, MI 49015
Two-suite medical office property with a generator and NC - COMMERCIAL zoning.
Property Size15,352 SF
Lot Size4.13 Acres
Price / SF$143.30
Days on Market533
Property Features for 5161 B Dr S
General Information
Standard status
Active
Size
15,352 SF
Total Parking Spaces
40
Lot size
4.13 Acres
Property subtype
Office
Zoning
NC - COMMERCIAL
Additional Details
Highway Access
Yes
Office Units
2
Amenities
generator
Water
Sewer
40 Parking Spaces
Building Details
Year Built
2010
Buildings
1
Construction
brick
Listing Agency:
Callander Commercial
Listed By:
Sandy Edwards · License #6502342107
(269) 207-0971
Source:
Carwm.resimplifi
Added: May 1, 2025
Changed: Oct 15
Last Checked: Oct 14 at 7:46PM
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 Callander Commercial
Investment Insights
Based on property information with market context.
This 15,352-square-foot medical office building was constructed in 2010 and organized into two suites of approximately similar size. The existing interior supports medical operations while offering a practical foundation for office use, and the brick exterior sits on a 4.13-acre parcel. An on-site generator adds dedicated backup power capability.
The property is located at 5161 B Dr S in Battle Creek, Michigan, with access from two major highways. NC - COMMERCIAL zoning supports its current commercial office classification. The combination of separate suites, established medical improvements, and adaptable office layout provides a range of configuration options within the existing building.
The property is located at 5161 B Dr S in Battle Creek, Michigan, with access from two major highways. NC - COMMERCIAL zoning supports its current commercial office classification. The combination of separate suites, established medical improvements, and adaptable office layout provides a range of configuration options within the existing building.
Key Highlights
- 15,352‑square‑foot medical office building completed in 2010
- Two suites of approximately similar size
- Existing medical facility buildout with office conversion potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$169,123
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,382,460
$3.4M
Cap Rate 7%
$2,416,043
$2.4M
Cap Rate 9%
$1,879,144
$1.9M
Market Conditions
NOI Build-Up for 15,352 SF
Gross rent
$261.6K $17.04/SF
− Vacancy
−$36.1K −$2.35/SF
EGI
$225.5K $14.69/SF
− OpEx
−$56.4K −$3.67/SF
NOI
$169.1K $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%
$3,382,460
Cap Rate 7%
$2,416,043
Cap Rate 9%
$1,879,144
Alternative Uses
Best Use
Healthcare Medical
$182.11M
$159.35M – $212.46M
NOI $12,747,764 @ 7.0% cap · market cap 579.44%
Second Best
Office B
$2.42M
$2.11M – $2.82M
NOI $169,123 @ 7.0% cap · market cap 7.69%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Well-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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-suite medical office property with a generator and NC - COMMERCIAL zoning.
Where is this medical office space located?
The property is located at 5161 B Dr S Battle Creek, MI.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 15,352‑square‑foot medical office building completed in 2010; Two suites of approximately similar size; Existing medical facility buildout with office conversion potential
