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    485 Capital Ave Battle Creek, MI 49015

    For Sale
    $509,000

    Spacious church, 26,631 sq ft, 1.87 acres

    Property size:
    26,631 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional property at 485 Capital Ave SW, Battle Creek, Michigan, presents a unique investment opportunity. The 26,631 square foot building, formerly Roosevelt Elementary School, was constructed in 1950 with additions in 1967. Currently configured as a church and community space, it offers significant potential for repurposing. The three-story structure sits on a generous 1.87-acre lot, zoned REF, providing ample room for expansion or redevelopment. The building boasts a rich history and architectural character, offering a blend of vintage charm and modern adaptability. With 100% occupancy and a single tenant, this property provides a stable income stream. The land value is $24.75 per square foot. The asking price is $509,000. This is a rare chance to acquire a substantial property in a desirable location with immense potential for various uses. The property's size and location make it ideal for a variety of uses, subject to local zoning regulations. The building's history and unique features offer a compelling opportunity for a creative investor or developer.

    Property Features for 485 Capital Ave

    General Information

    Property type
    Churches & religious facilities
    Square Feet
    26,631 SF
    Lot Size
    81,457 SF

    Building Details

    Year Built/Renovated
    1950/1967
    Buildings
    1
    Stories
    3
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lighthouse Flc Church ... Church Freedom Faith Worship ... Church DLT Church

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Battle Creek
    County
    Calhoun
    State
    Michigan
    Longitude
    -85.1962454
    Latitude
    42.3084016

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    FAQs

    What type of property is this?
    Church & religious facility - Spacious church, 26,631 sq ft, 1.87 acres
    Where is this church & religious facility located?
    The property is located at 485 Capital Ave Battle Creek, MI.
    What is the asking price?
    The asking price for this property is $509,000.
    Request Owner's contact information
    485 Capital Ave Battle Creek, MI 49015
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    Battle Creek, MI 49015
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    485 Capital Ave Battle Creek, MI 49015
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