Turnkey Retail Opportunity on 1.27
625 North Ave, Battle Creek, MI 49017
For Sale
$494,000
Former Sticky's Dispensary Provisioning Center
Property Size2,100 SF
Lot Size1.27 Acres
Price / SF$235.24
Days on Market238
Property Features for 625 North Ave
General Information
Standard status
Property type
Size
Net Rentable
Class
Total Parking Spaces
Elevators
Lot size
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Listed By:
David Elwood
(248) 923-4334
Added: Mar 18
Changed: Apr 8
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Investment Insights
Based on property information with market context.
This 2,100 sq. ft. commercial building, constructed in 2020, is located in Battle Creek. The property is situated on a 1.27-acre double lot. The location benefits from a constant stream of consumers in a densely populated business district. The property has high visibility with 125 feet of road frontage and traffic of over 15,000 vehicles daily. It is located in the immediate campus area of Kellogg Community College and surrounded by high-density apartment complexes. The facility features a contemporary design that adapts to various business models. The oversized lot provides space for future expansion, including the addition of a high-capacity drive-thru window and expanded parking. The property includes a lit and elevated pylon sign at the street. The building's layout is suited for a cannabis dispensary, fast-food franchise, donut shop, pizza parlor, or boutique retail. The property is located across the street from Kellogg Community College, near Walgreens, Dollar General, and Arby’s.
Key Highlights
- Turnkey Dispensary Provisioning Center. Can be used for other Retail Uses such as Drive Trough Food Service . Sit Down Restaurant, Any other Retail or office need.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,357
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,140
$467.1K
Cap Rate 7%
$333,671
$333.7K
Cap Rate 9%
$259,522
$259.5K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$32.5K $15.48/SF
− Vacancy
−$1.4K −$0.65/SF
EGI
$31.1K $14.83/SF
− OpEx
−$7.8K −$3.71/SF
NOI
$23.4K $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%
$467,140
Cap Rate 7%
$333,671
Cap Rate 9%
$259,522
Alternative Uses
Best Use
Specialty Retail
$333.7K
$292.0K – $389.3K
NOI $23,357 @ 7.0% cap · market cap 4.73%
Second Best
Retail
$311.4K
$272.5K – $363.3K
NOI $21,800 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$441.9K
$386.7K – $515.6K
NOI $30,933 @ 7.0% cap · market cap 6.26%
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
191
Businesses Nearby
41k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 43%
Groceries 10%
Burger King
Dining
10,024 visits/mo
0.4 miles
Dollar Tree
Shops & Services
7,685 visits/mo
0.3 miles
Arby's
Dining
7,556 visits/mo
0.3 miles
Dollar General
Shops & Services
7,390 visits/mo
0.2 miles
Save-A-Lot
Groceries
4,205 visits/mo
0.4 miles
Demographics for 49017, MI
21,377
Population
9,701
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
56.8 sq mi
ZIP Area
376
Density / Sq Mi
$58,500
Median Household Income
$40,386
Median Earnings
$946
Median Rent
$134,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Battle Creek, MI
Properties on Market for Storefront properties in Battle Creek
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Former Sticky's Dispensary Provisioning Center
Where is this storefront property located?
The property is located at 625 North Ave Battle Creek, MI.
What is the asking price?
The asking price for this property is $494,000.
What are key features of this property?
This property features: Turnkey Dispensary Provisioning Center. Can be used for other Retail Uses such as Drive Trough Food Service . Sit Down Restaurant, Any other Retail or office need.
