Building Details

Building Size 7,255 SF

Buildings 1

Listing Agency: Keystone Commercial Real Estate

Listed By: Greg Newman · License #6501288543 Show Phone

Source: Keystonecres

Added: Jun 2 Changed: Oct 15 Last Checked: Oct 16 at 5:38AM

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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 Keystone Commercial Real Estate

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Investment Insights

Based on property information with market context.

The property is a 7,225-square-foot retail building that recently underwent renovation. Its layout can accommodate a multi-tenant configuration, providing flexibility for users seeking space within an established commercial setting.

Located at 5805 Beckley Road, the building functions as an outlot of Lakeview Square Mall. The site is positioned at the intersection of Beckley Road and M-66 in Battle Creek, within an established retail corridor.

Key Highlights

• 7,225 SF retail building
• Recent renovation supports updated building functionality
• Outlot location at Lakeview Square Mall

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$75,002

Cap Rate

3.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,500,040 $1.5M

Cap Rate 7%

$1,071,457 $1.1M

Cap Rate 9%

$833,356 $833.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,225 SF

Gross rent

$111.8K $15.48/SF

− Vacancy

−$4.7K −$0.65/SF

EGI

$107.1K $14.83/SF

− OpEx

−$32.1K −$4.45/SF

NOI

$75.0K $10.38/SF

Area

Calhoun County, MI

Vacancy

4.20%

Lease Rate

$15.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,500,040

Cap Rate 7%

$1,071,457

Cap Rate 9%

$833,356

Alternative Uses

Best Use

Retail

$1.07M

$937.5K – $1.25M (±1% cap)

NOI $75,002 @ 7.0% cap · market cap 3.00%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$85.71M

$74.99M – $99.99M (±1% cap)

NOI $5,999,388 @ 7.0% cap · market cap 239.98%

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

Property Analytics

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Open Analytics

Current Use

Pure Roots Battle ... (Bike/Boat/Book/etc) Store

Suggested Use

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

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

551

Businesses Nearby

574k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 32% Apparel 18% Dining 17% Superstores 15%

Sam's Club Superstores

72,560 visits/mo 0.5 miles

Menards Home Improvements & Furnishings

50,157 visits/mo 0.4 miles

T.J. Maxx Apparel

42,459 visits/mo 0.3 miles

Kohl's Apparel

40,501 visits/mo 0.2 miles

Five Below Shops & Services

33,252 visits/mo 0.3 miles

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

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Modernized retail space positioned as a mall outlot with flexibility for multiple occupants.

Where is this retail space located?

The property is located at 5805 Beckley Road Battle Creek, MI.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: 7,225 SF retail building; Recent renovation supports updated building functionality; Outlot location at Lakeview Square Mall