Restaurant with Lower-Level
New
For Sale
$450,000
883 North Avenue, Battle Creek, MI 49017
The offering includes a Liquor C License, restaurant equipment, furnishings, and the real estate.
Property Size3,690 SF
Price / SF$121.95
Days on Market7
Property Features for 883 North Avenue
General Information
Standard status
Active
Size
3,690 SF
Property subtype
Commercial
Restaurant
Equipment Included
Yes
Liquor License
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$5,633
Building Details
Building Size
3,690 SF
Year Built
1960
Buildings
1
Stories
3690
Units
1
Listing Agency:
Case Realty Group
Listed By:
Karmen Case · License #6501398514
(517) 238-5588
Source:
Case-realty
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 26 at 3:49AM
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 Case Realty Group
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Investment Insights
Based on property information with market context.
This 3,690-square-foot restaurant property in Battle Creek includes a dining operation on the main floor and a lounge on the lower level. Restaurant equipment and furnishings are included, along with a Liquor C License and the real estate. The building was constructed in 1960.
Key Highlights
- 3,690‑square‑foot restaurant property
- Main‑level dining area and lower‑level lounge
- Liquor C License included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,042
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$820,840
$820.8K
Cap Rate 7%
$586,314
$586.3K
Cap Rate 9%
$456,022
$456.0K
Market Conditions
NOI Build-Up for 3,690 SF
Gross rent
$57.1K $15.48/SF
− Vacancy
−$2.4K −$0.65/SF
EGI
$54.7K $14.83/SF
− OpEx
−$13.7K −$3.71/SF
NOI
$41.0K $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%
$820,840
Cap Rate 7%
$586,314
Cap Rate 9%
$456,022
Alternative Uses
Best Use
Specialty Retail
$586.3K
$513.0K – $684.0K
NOI $41,042 @ 7.0% cap · market cap 9.12%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$43.77M
$38.30M – $51.07M
NOI $3,064,047 @ 7.0% cap · market cap 680.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
7k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,390 visits/mo
0.5 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The offering includes a Liquor C License, restaurant equipment, furnishings, and the real estate.
Where is this conventional restaurant located?
The property is located at 883 North Avenue 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: 3,690‑square‑foot restaurant property; Main‑level dining area and lower‑level lounge; Liquor C License included
