Retail Space with
New
For Sale
$450,000
725 Main Street, Battle Creek, MI 49014
Commercial Sale, Battle Creek, MI
Property Size2,112 SF
Lot Size6.25 Acres
Price / SF$213.07
Days on Market3
Property Features for 725 Main Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
LI
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
Harper Creek
Middle school district
Harper Creek
High school district
Harper Creek
Standard status
Active
APN
10-018-045-00
Size
2,112 SF
Lot size
6.25 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
On file.
Tax Annual Amount
7587
Legal Description
On file.
Utilities
Utilities
Cable Available
Heating system
Forced Air
Building Details
Year built
1956
Floors in Building
1
Number of units
1
Listing Agency:
NAI Wisinski of West Michigan
(269) 353-0311
Listed By:
Connor Schultze · License #6501453214
(269) 370-6437
Added: Sep 15
Last Checked: Sep 17 at 12:06AM
MLS# 26049078
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail property includes a 2,112-square-foot building on a 6.25-acre parcel at 725 Main Street in Battle Creek. Constructed in 1956, the building has forced-air heating, one bathroom, and cable availability. The property also includes on-site parking and can support owner occupancy, redevelopment, or expansion as described for the site.
The location provides access to Main Street, East Columbia Avenue, the Beckley Road shopping corridor, and I-94. Kellogg's Corporate Headquarters and Bronson Battle Creek are identified nearby employment destinations. The combination of an existing retail building and substantial land area offers flexibility for a range of commercial plans.
The location provides access to Main Street, East Columbia Avenue, the Beckley Road shopping corridor, and I-94. Kellogg's Corporate Headquarters and Bronson Battle Creek are identified nearby employment destinations. The combination of an existing retail building and substantial land area offers flexibility for a range of commercial plans.
Key Highlights
- 2,112‑square‑foot retail building on a 6.25‑acre parcel
- Located at 725 Main Street in Battle Creek, MI 49014
- On‑site parking included
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
$21,924
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
4.87%
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%
$438,480
$438.5K
Cap Rate 7%
$313,200
$313.2K
Cap Rate 9%
$243,600
$243.6K
Market Conditions
NOI Build-Up for 2,112 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
$32.7K $15.48/SF
− Vacancy
−$1.4K −$0.65/SF
EGI
$31.3K $14.83/SF
− OpEx
−$9.4K −$4.45/SF
NOI
$21.9K $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%
$438,480
Cap Rate 7%
$313,200
Cap Rate 9%
$243,600
Alternative Uses
Best Use
Retail
$313.2K
$274.1K – $365.4K
NOI $21,924 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$25.05M
$21.92M – $29.23M
NOI $1,753,731 @ 7.0% cap · market cap 389.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
8k
Monthly Visits Nearby
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial property offering on-site parking, cable availability, and access to established Battle Creek employment and retail areas.
Where is this retail space located?
The property is located at 725 Main Street Battle Creek, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,112‑square‑foot retail building on a 6.25‑acre parcel; Located at 725 Main Street in Battle Creek, MI 49014; On‑site parking included
