Property profile

38 Kenosha Ave Battle Creek, MI 49014

OFF-MARKET
Warehouses
Property ID
US43-2306570
32,586 SF 4.45 ac lot Built 1940
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 32,586-square-foot cold storage warehouse, located at 38 Kenosha Avenue in Battle Creek, Michigan, presents a unique investment opportunity. Built in 1940 and situated on a 4.45-acre lot, this single-tenant property boasts a two-story building with a 14-foot ceiling height. The warehouse features four loading docks and an elevator, enhancing operational efficiency. Currently vacant, the entire space is available for lease. The property is securely fenced and windowless, providing excellent security. Its strategic location offers easy access to I-94, just a two-minute drive away. Zoned REF, the property's APN is 13522970001130, located in Calhoun County, Michigan, zip code 49014. The asking rent is $5,000 per month, translating to a cost of less than $2.00 per square foot. This presents a compelling opportunity to address the current lack of cold storage facilities in the Battle Creek and Kalamazoo markets. The property's size, features, and location make it ideal for manufacturers or distributors requiring secure, efficient cold storage solutions. The address is 38 Kenosha Ave, Battle Creek, MI 49014, cross streets Kenosha and Pauline.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1940
Total area 32,586 SF
Lot 4.45 ac (193,842 SF)
Zoning code S1
APN 2970-00-113-0
UPID US43-2306570

Cap rate & NOI

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

Location

38 Kenosha Ave Battle Creek, MI 49014-4218
Battle Creek metro Census 600 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
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2022
Last sale
$175,000
4 recorded transactions
2022
Price N/A
2020
$50,000
2018
Price N/A
2018
Price N/A

Zoning & alternative use

S1 · Battle Creek, MI
Zoning description

The purpose of this district is to provide araes for the mix of Land Compatible Land Uses, Permit a range of compatible land uses, such as residential (from single-family to multi-family), public, institutional, office,…

General category CIVIC_INSTITUTIONAL

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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