Former Tire Shop with
204 E Columbia Ave, Battle Creek, MI 49015
8,340 SF building with 8 bays and 1,864 SF mezzanine.
Type:Retail, Office
Property size:
8,340 SFPrice / SF:
$137/SF- Added:
- Jun 16, 2022
- Days on Market:
- 1482
- Last Refresh:
- Jul 5 at 11:56 am
Property Features for 204 E Columbia Ave
General Information
- Standard status
- Active
- Size
- 8,340 SF
- Property subtype
- Retail, Office
Listing office Mid-America Real Estate - Michigan, Inc.
Listing date Jun 16, 2022
Source Crexi
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 Mid-America Real Estate - Michigan, Inc.
HighLights
- High traffic location: Over 20,000 cars per day on E. Columbia Avenue.
- Versatile B‑1 Corridor Commercial District zoning allows for a broad range of uses.
- Building features 8,340 SF with 8 service bays, plus a 1,864 SF mezzanine.
- Excellent visibility with a large pylon sign on E. Columbia Avenue and a monument sign on Riverside Drive.
- Dual access points on both E. Columbia Avenue and Riverside Drive.
- Located adjacent to a new White Water Express Car Wash and across from a new Circle K.
Overview
The property is a former Discount Tire store situated on the southwest quadrant of E. Columbia Avenue and Riverside Drive. The building spans 8,340 square feet and includes 8 service bays, along with a 1,864 square foot mezzanine. It is located adjacent to a new White Water Express Car Wash and across from a new Circle K. The site provides access from both E. Columbia Avenue and Riverside Drive. Signage includes a large pylon sign on E. Columbia Avenue and a monument sign on Riverside Drive. The 2024 real estate taxes totaled $27,174.04. Zoned B-1 Corridor Commercial District, the property allows for a range of uses, including financial institutions, drive-thru restaurants, medical offices, and vehicle dealerships. Traffic on E. Columbia Avenue exceeds 20,000 cars per day.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $129.1k | $15.48 |
| − Vacancy | −$5.4k | −$0.65 |
| EGI | $123.7k | $14.83 |
| − OpEx | −$37.1k | −$4.45 |
| NOI | $86.6k | $10.38 |
8,340 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.24M
$1.08M – $1.44M
NOI $86,577 @ 7.0% cap · market cap 7.53%
Second Best
Industrial
$736.9K
$644.8K – $859.7K
NOI $51,581 @ 7.0% cap · market cap 4.49%
Theoretical Best
Healthcare Medical
$98.93M
$86.57M – $115.42M
NOI $6,925,245 @ 7.0% cap · market cap 602.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Discount Tire
(Bike/Boat/Book/etc) Store
Similar Places Nearby
- Lakeview Body Shop — 334 W Columbia Ave, Battle Creek, MI 49015
- One Stop Express Lube — 145 W Columbia Ave # 100, Battle Creek, MI 49015
- Galactic Shades Window Tinting — 145 W Columbia Ave ste 200, Battle Creek, MI 49014
- Goldsberry Mobile Windshield Repair & Replacement Team — 907 capital ave sw, battle creek, mi 49015
- Auto-Lab — 145 W Columbia Ave # 400, Battle Creek, MI 49015
Location Insight
- Map
- Local Demand
- City
- Battle Creek
- County
- Calhoun
- State
- Michigan
- Longitude
- -85.192455
- Latitude
- 42.298234
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - 8,340 SF building with 8 bays and 1,864 SF mezzanine.
Where is this auto shop located?
The property is located at 204 E Columbia Ave Battle Creek, MI.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: High traffic location: Over 20,000 cars per day on E. Columbia Avenue.; Versatile B‑1 Corridor Commercial District zoning allows for a broad range of uses.; Building features **8,340 SF with 8 service bays, plus a 1,864 SF mezzanine.**
