Property profile

245 E Columbia Ave Battle Creek, MI 49015

FOR SALE
Golf courses & driving ranges
Property ID
US43-0551699
20,940 SF 134.11 ac lot Built 1927
Entity Owned 15-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 134.12-acre property, known as the Riverside Golf Course & Banquet Center, presents a unique investment opportunity in Battle Creek, Michigan. The existing 18-hole golf course boasts 20,940 square feet of building space, distributed across four buildings, and was originally constructed in 1927. Currently operating as a profitable golf course in pristine condition, the property offers significant upside potential for experienced or first-time golf course operators. The property's zoning (RA1) allows for a variety of uses. Its strategic location, a short distance from downtown Battle Creek and I-94 (the main route between Detroit and Chicago), provides excellent accessibility. Furthermore, its proximity to the new EV plant in Marshall and Fort Custer Park makes it ideally situated to capitalize on the growing demand for mixed-use housing and commercial development in an underserved market. The asking price is $1,899,000, translating to $90.69 per square foot. This presents a rare chance to acquire a substantial property with both immediate income potential and significant long-term redevelopment possibilities.

Property profile

Verified
Property type Golf courses & driving ranges
Use group COUNTRY CLUB
Year built 1927
Total area 20,940 SF
Lot 134.11 ac (5,842,049 SF)
Zoning code R1A
APN 0063-00-100-0
UPID US43-0551699

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

245 E Columbia Ave Battle Creek, MI 49015
Battle Creek metro Census 500 BATTLE CREEK, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
$385k

Owner & transaction history

since 2011
3 recorded transactions
2011
Price N/A
2006
$3,200
2005
$150

Zoning & alternative use

R1A · Battle Creek, MI
Zoning description

CHAPTER 1240 Zoning Districts and Map 1240.01 DISTRICTS ESTABLISHED. 1240.02 TABLE OF PERMITTED USES. 1240.03 G GREEN DISTRICT. 1240.04 AG AGRICULTURAL DISTRICT. 1240.05 R-1R SINGLE-FAMILY RESIDENTIAL DISTRICT. 1240.06 R…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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