Manufacturing Equipment Storage
For Sale
$12,000,000
Battle Creek, MI 49017, Battle Creek, MI 49017
150,792 SF manufacturing equipment storage facility on 11.26 acres.
Property Size150,792 SF
Lot Size11.26 Acres
Price / SF$79.58
Days on Market283
Property Features
General Information
Standard status
Active
Size
150,792 SF
Lot size
11.26 Acres
Property subtype
Industrial
Building Details
Building Size
150,792 SF
Year Built
1907
Listing Agency:
Bradley Company
Listed By:
Peter Cachey
(616) 235-6039
Source:
Tcnworldwide
Added: Jan 27
Changed: Nov 4
Last Checked: Nov 4 at 10:04AM
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 Bradley Company
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Investment Insights
Based on property information with market context.
This 150,792 SF manufacturing equipment storage facility is available for sale. Originally a train repair depot, the building sits on 11.26 acres and is roughly 75% occupied. It features 9 overhead doors of varying heights, including 2 drive-through bays. Ceiling heights reach up to 52 feet, with clear heights ranging from 27 to 38 feet. The building includes multiple large bays with 6 cranes, ranging from 20 to 160 tons, and generates income from tenants utilizing long-term heavy storage. The owner is willing to consider a sale-leaseback arrangement. The property is located in Battle Creek, MI 49017.
Key Highlights
- Substantial income generation from long‑term heavy storage tenants.
- Sale leaseback opportunity with the current owner.
- High ceiling heights up to 52'** with clear heights ranging from 27‑38'.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$932,611
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,652,220
$18.7M
Cap Rate 7%
$13,323,014
$13.3M
Cap Rate 9%
$10,362,344
$10.4M
Market Conditions
NOI Build-Up for 150,792 SF
Gross rent
$1.43M $9.48/SF
− Vacancy
−$97.2K −$0.64/SF
EGI
$1.33M $8.84/SF
− OpEx
−$399.7K −$2.65/SF
NOI
$932.6K $6.18/SF
Area
Calhoun County, MI
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,652,220
Cap Rate 7%
$13,323,014
Cap Rate 9%
$10,362,344
Alternative Uses
Best Use
Warehouse
$16.18M
$14.16M – $18.87M
NOI $1,132,456 @ 7.0% cap · market cap 9.44%
Second Best
Industrial
$13.32M
$11.66M – $15.54M
NOI $932,611 @ 7.0% cap · market cap 7.77%
Theoretical Best
Healthcare Medical
$1,788.75M
$1,565.16M – $2,086.87M
NOI $125,212,408 @ 7.0% cap · market cap 1,043.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
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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
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - 150,792 SF manufacturing equipment storage facility on 11.26 acres.
Where is this manufacturing property located?
The property is located at Battle Creek, MI.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: Substantial income generation from long‑term heavy storage tenants.; Sale leaseback opportunity with the current owner.; High ceiling heights up to 52'** with clear heights ranging from 27‑38'.
