Turnkey Retail Opportunity on 1.27
For Sale
$445,000
625 North Ave, Battle Creek, MI 49017
Former Sticky's Dispensary Provisioning Center
Property Size2,100 SF
Lot Size1.27 Acres
Price / SF$211.90
Days on Market147
Property Features for 625 North Ave
General Information
Standard status
Active
Property type
Storefront properties, Other retail properties, Drive through restaurants, Retail properties & Spaces, Restaurants
Size
2,100 SF
Net Rentable
2,100 SF
Class
A
Total Parking Spaces
50
Elevators
No
Lot size
1.27 Acres
Building Details
Year Built
2020
Year Renovated
2020
Buildings
1
Stories
1
Units
1
Listing Agency:
Elwood.Biz
(248) 923-4334
Listed By:
David
(248) 923-4334
Added: Mar 18
Changed: Apr 8
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 high traffic volume, with over 15,000 vehicles passing daily, and features 125 feet of road frontage. The property is located in a densely populated business district, near Kellogg Community College and high-density apartments. Neighboring businesses include Walgreens, Dollar General, and a high-performing Arby’s location. The building's layout is adaptable to various business models, including a cannabis dispensary, fast-food franchise, donut shop, pizza parlor, or boutique retail. The property can be converted to drive-through food service. The lot provides space for future expansion, including the addition of a high-capacity drive-thru window and expanded parking. A lit and elevated pylon sign is located at the street.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,357
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 5.25%
Second Best
Retail
$311.4K
$272.5K – $363.3K
NOI $21,800 @ 7.0% cap · market cap 4.90%
Theoretical Best
Healthcare Medical
$24.91M
$21.80M – $29.06M
NOI $1,743,767 @ 7.0% cap · market cap 391.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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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 $445,000.
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.
