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Property profile & analytics
FOR SALE
Retail space

1382 West Michigan Ave Battle Creek, MI 49037

1,371 SF 0.21 ac lot Built 1955
Entity Owned 7-yr Hold Free & Clear
Property ID
US43-2408453
Property summary
AI-generated overview

This 1,371 square foot, municipally licensed storefront in Battle Creek, Michigan, presents a turnkey opportunity for cannabis operations. Located at 1382 W Michigan Ave, this property boasts a Certificate of Occupancy, expediting the state licensing process. Situated on a high-visibility corner lot (0.211 acres), the building features custom cabinetry, five point-of-sale registers, a reception area, a private office, and two bathrooms. A comprehensive interior and exterior surveillance system is already in place. The asking price is $650,000. Seller financing is available. This location benefits from a strong demographic, serving a 5-mile radius population exceeding 88,000. The property is ready for immediate occupancy and operation, offering a streamlined transition for prospective buyers. This is a rare opportunity to acquire a fully equipped and licensed cannabis provisioning center in a prime location. The property is vacant and awaiting a new operator.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1955
Total area 1,371 SF
Lot 0.21 ac (9,191 SF)
Zoning code B1
APN 8610-00-014-0
UPID US43-2408453
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
1382 W Michigan LLC · 7 yrs held
1382 W Michigan LLC
since 2019
3 recorded transactions
2019
Price N/A
2019
$60,000
2018
$40,000
Zoning & alternative use
B1 · Battle Creek, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

ENTIAL DISTRICT. 1240.07 R-1B SINGLE-FAMILY RESIDENTIAL DISTRICT. 1240.08 R-2 TWO FAMILY RESIDENTIAL DISTRICT. 1240.09 R-3 MULTIPLE FAMILY RESIDENTIAL DISTRICT. 1240.10 MFR HIGH DENSITY MULTIPLE FAMILY DISTRICT. 1240.11 B-1 CORRIDOR COMMERCIAL DISTRICT. 1240.12 B-2 REGIONAL COMMERCIAL DISTRICT. 1240.13 T-3 NEIGHBORHOOD COMMERCIAL DISTRICT. 1240.14 T-4 DOWNTO…

Zone name Corridor Commercial
General category COMMERCIAL
Zone area 511.51 ac
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