Redone Retail Storefront
For Sale
$259,900
714 Main St, Battle Creek, MI 49014
Totally redone building with new systems and finished interior, currently operating as a nail/hair/barber salon.
Property Size1,806 SF
Price / SF$143.91
Days on Market140
Property Features for 714 Main St
General Information
Standard status
Active
Size
1,806 SF
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Year Built
1960
Listing Agency:
Real Estate One Rosemary Davis
Listed By:
Linda K Waito
Source:
Katie-k
Added: Apr 24
Changed: Sep 8
Last Checked: Sep 9 at 9:06PM
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 Real Estate One Rosemary Davis
Investment Insights
Based on property information with market context.
This completely redone storefront building includes updates to the furnace, air conditioning, wiring, plumbing, flooring, walls, and the exterior. The sale includes all contents and the building, and a shed is also included. The property is currently used as a nail/hair/barber salon. A new furnace has been installed, and a new air conditioner will be installed when weather permits. Reserved items include the computer, scanner, and printer, and the sale does not include the business name.
The building is described as being in a close-to-I-94 location, offering convenient access for retail and service uses.
The offering is a turn-key storefront with the updated building systems and interior finishes already in place, along with included operational contents (excluding the reserved equipment).
The building is described as being in a close-to-I-94 location, offering convenient access for retail and service uses.
The offering is a turn-key storefront with the updated building systems and interior finishes already in place, along with included operational contents (excluding the reserved equipment).
Key Highlights
- Totally redone building with new interior finishes and exterior of building
- New furnace installed plus a new air conditioner scheduled for installation when weather permits
- Updates include wiring, plumbing, all flooring, and walls
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
$18,748
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
7.21%
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%
$374,960
$375.0K
Cap Rate 7%
$267,829
$267.8K
Cap Rate 9%
$208,311
$208.3K
Market Conditions
NOI Build-Up for 1,806 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
$28.0K $15.48/SF
− Vacancy
−$1.2K −$0.65/SF
EGI
$26.8K $14.83/SF
− OpEx
−$8.0K −$4.45/SF
NOI
$18.7K $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 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%
$374,960
Cap Rate 7%
$267,829
Cap Rate 9%
$208,311
Alternative Uses
Best Use
Retail
$267.8K
$234.4K – $312.5K
NOI $18,748 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$21.42M
$18.75M – $24.99M
NOI $1,499,639 @ 7.0% cap · market cap 577.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
8k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,765 visits/mo
0.4 miles
Demographics for 49014, MI
21,505
Population
9,314
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
90%
High-School Grad
72.5 sq mi
ZIP Area
297
Density / Sq Mi
$63,383
Median Household Income
$40,061
Median Earnings
$997
Median Rent
$159,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - Totally redone building with new systems and finished interior, currently operating as a nail/hair/barber salon.
Where is this storefront property located?
The property is located at 714 Main St Battle Creek, MI.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Totally redone building with new interior finishes and exterior of building; New furnace installed plus a new air conditioner scheduled for installation when weather permits; Updates include wiring, plumbing, all flooring, and walls
