Renovated Auto Service Pole
For Sale
$575,000
946 Capital Avenue NE, Battle Creek, MI 49017
Commercial Sale, Battle Creek, MI
Property Size4,000 SF
Lot Size0.64 Acres
Price / SF$140.18
Days on Market277
Property Features for 946 Capital Avenue NE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
GC
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 4, Bathroom 1, Bathroom 2
Parking
70
Elementary school district
Pennfield
Middle school district
Pennfield
High school district
Pennfield
Directions
M66 to Capital Ave NE. From Emmett St. continue .4 miles on Capital Ave NE. Property on your Right (East side of road)
Subdivision
Battle Creek - B
Standard status
Active
APN
18-032-108-00
Size
4,102 SF
Lot size
0.64 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LL@O
Tax Annual Amount
3030
Legal Description
LL@O
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Wall Unit(s), Window Unit(s)
Building Details
Year built
1947
Floors in Building
2
Number of units
3
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
eXp Realty LLC
(269) 600-4397
Listed By:
Dyan E Davis · License #6501403659
(269) 274-4340
Added: Nov 17, 2025
Changed: Aug 19
Last Checked: Aug 21 at 3:06AM
MLS# 25058641
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.
Newly renovated commercial property in Battle Creek featuring a heated 48' x 32' pole barn with a 12' high door and hoist. The site also includes a newly seal-coated 15,000 sq. ft. parking lot, along with two connected apartments that have new A/C. The property is reported as turnkey, with new electrical, new roofs, new siding, and updated interior and exterior improvements.
In addition to operating as a car lot or repair shop, the current setup is intended to support other business uses, with the business name noted as negotiable. The listing notes an established operation dating to 1964.
All improvements are described as newly completed, and the overall building area is listed as 4,000 sq. ft.
In addition to operating as a car lot or repair shop, the current setup is intended to support other business uses, with the business name noted as negotiable. The listing notes an established operation dating to 1964.
All improvements are described as newly completed, and the overall building area is listed as 4,000 sq. ft.
Key Highlights
- Newly renovated commercial property with updated electrical, roofs, siding, and interior/exterior work
- Heated 48' x 32' pole barn with a 12' high door
- 4,000 sq ft buildings, plus a 15,000 sq ft parking lot that was newly seal coated
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
$42,582
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
7.41%
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%
$851,640
$851.6K
Cap Rate 7%
$608,314
$608.3K
Cap Rate 9%
$473,133
$473.1K
Market Conditions
NOI Build-Up for 4,102 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
$63.5K $15.48/SF
− Vacancy
−$2.7K −$0.65/SF
EGI
$60.8K $14.83/SF
− OpEx
−$18.2K −$4.45/SF
NOI
$42.6K $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%
$851,640
Cap Rate 7%
$608,314
Cap Rate 9%
$473,133
Alternative Uses
Best Use
Retail
$608.3K
$532.3K – $709.7K
NOI $42,582 @ 7.0% cap · market cap 7.41%
Second Best
Multifamily LT 5
$512.7K
$448.6K – $598.1K
NOI $35,886 @ 7.0% cap · market cap 6.24%
Theoretical Best
Healthcare Medical
$48.66M
$42.58M – $56.77M
NOI $3,406,157 @ 7.0% cap · market cap 592.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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- American Towing — 1175 N Raymond Rd, Battle Creek, MI 49014
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Frequently Asked Questions
What type of property is this?
Auto shop - Heated 48' x 32' pole barn with 12' door and hoist, plus connected apartments with new A/C.
Where is this auto shop located?
The property is located at 946 Capital Avenue NE Battle Creek, MI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Newly renovated commercial property with updated electrical, roofs, siding, and interior/exterior work; Heated 48' x 32' pole barn with a 12' high door; 4,000 sq ft buildings, plus a 15,000 sq ft parking lot that was newly seal coated
