White Box Retail
For Sale
Contact for pricing
588 Capital Avenue SW A, Battle Creek, MI 49015
Recently upgraded storefront with flexible demising potential, on-site parking, and available signage.
Property Size3,779 SF
Price / SF$0.00
Days on Market102
Property Features for 588 Capital Avenue SW A
General Information
Standard status
Active
Size
3,779 SF
Additional Details
Road Access
Yes
Amenities
signage
Listing Agency:
Kalamazoo Commercial Real Estate
Listed By:
Chad M VanDerwall · License #6501408305
(269) 888-2755
Source:
Charterpropertiesgr
Added: Jul 20
Changed: Oct 25
Last Checked: Oct 28 at 8:48AM
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 Kalamazoo Commercial Real Estate
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 3,779-square-foot retail suite is offered in white-box condition and may be divided for a qualified user. Recent improvements include a new rooftop AC unit, primed drywall, and a drop ceiling, providing a prepared starting point for a tenant’s build-out. The space is positioned for retail use and includes on-site parking and available signage.
Located on Capital Avenue, a main thoroughfare leading into Downtown Battle Creek, the suite offers a storefront setting with access to a prominent local roadway. Tenant occupancy and use remain subject to landlord approval of the proposed use and credit.
Located on Capital Avenue, a main thoroughfare leading into Downtown Battle Creek, the suite offers a storefront setting with access to a prominent local roadway. Tenant occupancy and use remain subject to landlord approval of the proposed use and credit.
Key Highlights
- 3,779 SF retail suite in white‑box condition
- Suite can be demised for a qualified user
- New rooftop AC unit, primed drywall, and drop ceiling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,229
Suggested Prices Based on Cap Rates
Cap Rate 5%
$784,580
$784.6K
Cap Rate 7%
$560,414
$560.4K
Cap Rate 9%
$435,878
$435.9K
Market Conditions
NOI Build-Up for 3,779 SF
Gross rent
$58.5K $15.48/SF
− Vacancy
−$2.5K −$0.65/SF
EGI
$56.0K $14.83/SF
− OpEx
−$16.8K −$4.45/SF
NOI
$39.2K $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%
$784,580
Cap Rate 7%
$560,414
Cap Rate 9%
$435,878
Alternative Uses
Best Use
Retail
$560.4K
$490.4K – $653.8K
NOI $39,229 @ 7.0% cap · market cap 326,908.33%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$44.83M
$39.22M – $52.30M
NOI $3,137,950 @ 7.0% cap · market cap 26,149,583.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
30k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 40%
Electronics 11%
Burger King
Dining
8,445 visits/mo
0.3 miles
Little Caesars Pizza
Dining
6,246 visits/mo
0.4 miles
Fifth Third Bank & ATM
Shops & Services
4,889 visits/mo
0.2 miles
BP
Shops & Services
4,098 visits/mo
0.5 miles
Family Dollar
Shops & Services
3,027 visits/mo
0.1 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
Frequently Asked Questions
What type of property is this?
Retail space - Recently upgraded storefront with flexible demising potential, on-site parking, and available signage.
Where is this retail space located?
The property is located at 588 Capital Avenue SW A Battle Creek, MI.
What are key features of this property?
This property features: 3,779 SF retail suite in white‑box condition; Suite can be demised for a qualified user; New rooftop AC unit, primed drywall, and drop ceiling
