Lakeview Retail/Office/Warehouse Space
For Sale
$375,000
79 S 20th Street Battle, Battle Creek, MI 49015
3,748 SF retail/office/warehouse space in the heart of Lakeview.
Property Size3,748 SF
Price / SF$100.05
Days on Market131
Property Features for 79 S 20th Street Battle
General Information
Standard status
Active
Size
3,748 SF
Property subtype
Street Retail
Building Details
Building Size
3,748 SF
Year Built
1991
Properties For Sale
at 79 S 20th Street Battle Contact us- Size
- 3,748 SF
- Lease Type
- NNN
Unit
Listing Agency:
SVN | Stewart Commercial Group
(734) 662-5097
Listed By:
Dan Stewart, CCIM
(734) 662-5097
Source:
Thebrokerlist
Added: Apr 24
Changed: Aug 31
Last Checked: Aug 31 at 12:38PM
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 SVN | Stewart Commercial Group
Investment Insights
Based on property information with market context.
A 3,748 square foot retail, office, and warehouse space is available for lease. Located in the heart of Lakeview, the property features 66 feet of frontage on S 20th St and 132 feet on Lakeview Ave, offering visibility from W Columbia Ave. The building is divided into a 1,440 square foot finished office and retail area, and a 1,920 square foot heated warehouse and shop area. The retail and office area includes two private offices, a three-cubicle office area, terazzo-style floors, a bathroom, and a kitchenette break room. The warehouse and shop area is finished with drywall, sealed concrete floors with an in-floor drain, and built-in storage racks. It is equipped with two 10'x10' overhead doors and two steel entry doors. The property has a new furnace, AC, and roof installed in the last two years. The location has a bike score of 45, indicating it is somewhat bikeable, and a walk score of 54, indicating it is somewhat walkable. The lease term is 3-5 years with extension options.
Key Highlights
- 3,748 SF Retail/Office/Warehouse space in the heart of Lakeview.
- High visibility with 66' frontage on S 20th St and 132' on Lakeview Ave.
- New furnace, AC, and roof installed in the last two years.
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
$23,180
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
6.18%
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%
$463,600
$463.6K
Cap Rate 7%
$331,143
$331.1K
Cap Rate 9%
$257,556
$257.6K
Market Conditions
NOI Build-Up for 3,748 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
$35.5K $9.48/SF
− Vacancy
−$2.4K −$0.64/SF
EGI
$33.1K $8.84/SF
− OpEx
−$9.9K −$2.65/SF
NOI
$23.2K $6.18/SF
Area
Calhoun County, MI
Vacancy
6.80%
Lease Rate
$9.48 /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%
$463,600
Cap Rate 7%
$331,143
Cap Rate 9%
$257,556
Alternative Uses
Best Use
Flex RnD
$725.5K
$634.9K – $846.5K
NOI $50,788 @ 7.0% cap · market cap 13.54%
Second Best
Industrial
$331.1K
$289.8K – $386.3K
NOI $23,180 @ 7.0% cap · market cap 6.18%
Theoretical Best
Healthcare Medical
$44.46M
$38.90M – $51.87M
NOI $3,112,208 @ 7.0% cap · market cap 829.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 3,748 SF retail/office/warehouse space in the heart of Lakeview.
Where is this flex space located?
The property is located at 79 S 20th Street Battle Battle Creek, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 3,748 SF Retail/Office/Warehouse space in the heart of Lakeview.; High visibility with 66' frontage on S 20th St and 132' on Lakeview Ave.; New furnace, AC, and roof installed in the last two years.
