Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    492 Capital Ave SW Battle Creek, MI 49015

    Sponsored
    For Sale
    $185,000

    COMMERCIAL - Battle Creek, MI

    Type:Retail
    Property size:
    10,542 SF
    Lot size:
    0.81 Acres
    Days on Market:
    101
    Last Refresh:
    Jan 28 at 2:06 am

    Property Features for 492 Capital Ave SW

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 1
    Bathrooms
    4
    APN
    52-7260-00-006-0
    Size
    10,542 SF
    Lot size
    0.81 Acres

    Utilities

    Utilities
    Phone Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1947
    Number of units
    1
    Building materials
    Vinyl Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Matthew Leighton

    Jaqua Realtors (269) 381-7653

    Listing agent Matthew Leighton (269) 207-6539

    Listing date Oct 20, 2025

    MLS# 25053985

    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.

    Learn more

    Property Insight Report

    Overview

    Battle Creek Retail Opportunity

    This retail property, situated in Battle Creek, Michigan, offers a substantial 10,542 square feet of space on a 0.81-acre lot. The property is located in Calhoun County. The listing highlights a prime location with plenty of potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    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
    -85.197149
    Latitude
    42.308703

    Nearby Similar for Sale

    • $1,795,000
      Pending

      Battle Creek Multifamily Investment Property

      Well-maintained multi-unit property with strong financial performance and convenient location.
      561 Garrison Rd, Battle Creek, MI 49017
      View Details
    • New
      $2,125,000
      32,105 SF

      Battle Creek Automotive Dealership Opportunity

      32,000 sq ft commercial building on 7.5 acres.
      995 W Columbia Ave, Battle Creek, MI 49015
      View Details
    • $220,000
      Pending

      Battle Creek 5-Unit Investment Property

      Five-unit rental property with recent updates and long-term tenants.
      232 Cliff St, Battle Creek, MI 49014
      View Details
    • $1,300,000
      10,868 SF

      Eclectic Storefront on High-Traffic Road

      Thriving turnkey business opportunity with antiques, collectibles, and jewelry.
      1368 E Michigan Ave, Battle Creek, MI 49014
      View Details
    • New
      $2,200,000
      14,400 SF

      Turnkey Ambulatory Surgery Center Opportunity

      Turnkey Ambulatory Surgery Center in Battle Creek, Michigan for sale.
      3770 Capital Ave SW, Battle Creek, MI 49015
      View Details
    • $287,500
      8,680 SF

      Commercial Building Near Battle Creek

      Commercial building with large open space and a six-car garage.
      1391 E Michigan Ave, Battle Creek, MI 49014
      View Details
    • New
      $334,900
      1,566 SF

      Battle Creek Farmhouse on 15 Acres

      Farmhouse on 15 acres near I-94 with recent upgrades.
      20463 Waubascon Rd, Battle Creek, MI 49017
      View Details
    • $259,999
      Pending

      Battle Creek Brick Apartment Building

      Well-maintained, five-unit brick apartment building with recent updates and high occupancy.
      74 Union St S, Battle Creek, MI 49017
      View Details
    • $284,900
      1,806 SF

      Redone Commercial Building For Sale

      Totally redone commercial building, includes contents, perfect location.
      714 Main St, Battle Creek, MI 49014
      View Details
    • $349,000
      1,566 SF

      Battle Creek Farmhouse on 15 Acres

      Country living on 15 acres near I-94.
      20463 Waubascon Rd, Battle Creek, MI 49017
      View Details
    • $1,890,000
      16,200 SF

      Battle Creek Office Building For Sale

      Large office building with ample parking and convenient location.
      3630 Capital Ave SW, Battle Creek, MI 49015
      View Details
    • $599,000
      4,102 SF

      Renovated Commercial Property with Apartments

      Turn-key commercial property with apartments and high-traffic location.
      946 Capital Ave NE, Battle Creek, MI 49017
      View Details

    FAQs

    What type of property is this?
    Retail property - Retail property in prime location with potential.
    Where is this retail property located?
    The property is located at 492 Capital Ave SW Battle Creek, MI.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: - Central air conditioning for year-round comfort.; - Forced air heating system.; - Vinyl siding construction.
    (269) 207-6539
    Request Owner's contact information
    492 Capital Ave SW Battle Creek, MI 49015
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    492 Capital Ave SW
    Battle Creek, MI 49015
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    492 Capital Ave SW Battle Creek, MI 49015
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Matthew Leighton
    Real Estate License ID: 6501273319
    (269) 207-6539
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.