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    64 Michigan W Ave Battle Creek, MI 49017-3604
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    Property profile & analytics

    64 Michigan W Ave Battle Creek, MI 49017-3604

    View on Map
    • Bars & Pubs
    • 18,574 SF
    Off-Market
    Property ID
    US43-1594862
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $890,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • New Holland Brewing - Battle Creek Brewpub / Production Facility / Brewery & Distillery

    Property Details for 64 Michigan W Ave

    Year built
    1928
    Property size
    18,574 SF
    Property type
    Bars & Pubs
    Property subtype
    Pubs
    APN
    0020-19-002-6
    APU
    20190026

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $887,000
      Market price range: $888k - $2.47M
      AI Estimate
      $887,000
      Market price range: $888k - $2.47M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,370,000
      AUTO REPAIR, GARAGE
      $1,255,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Battle Creek
    County
    Calhoun
    State
    Michigan
    Longitude
    -85.1837
    Latitude
    42.321
    CBSA code
    12980
    CBSA name
    BATTLE CREEK, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $0.00
    $0.00
    $258,787
    -
    $0.00
    $0.00
    $517,574

    Comparable in this City

    • Value Estimation by Request
      2,275 SF

      100 Hutchinson Rd

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    • Value Estimation
      $545,000
      9,380 SF

      36 Michigan W Ave

      BAR, TAVERN • 9,380 SF
      36 Michigan W Ave, Battle Creek, MI 49017-3604
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    • Value Estimation by Request
      1,864 SF

      910 Nn Ave

      BAR, TAVERN • 1,864 SF
      910 Nn Ave, Battle Creek, MI 49017-3124
      View Details
    • Value Estimation by Request
      2,940 SF

      619 Nn Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,940 SF
      619 Nn Ave, Battle Creek, MI 49017-3230
      View Details
    • Value Estimation by Request
      5,298 SF

      962 Capital NE Ave

      RESTAURANT • 5,298 SF
      962 Capital NE Ave, Battle Creek, MI 49017-5468
      View Details
    • Value Estimation by Request
      816 SF

      444 Capital NE Ave

      RESTAURANT • 816 SF
      444 Capital NE Ave, Battle Creek, MI 49017
      View Details

    Similar Nearby for Sale

    • $450,000
      3,690 SF

      Battle Creek Restaurant and Lounge

      Turnkey restaurant and lounge in Battle Creek, Michigan for sale.
      883 North Ave, Battle Creek, MI 49017
      View Details
    • $445,000
      2,100 SF

      Sticky's Battle Creek - Can be converted to Drive Through Food Service

      Former Sticky's Dispensary Provisioning Center
      625 North Ave, Battle Creek, MI 49017
      View Details
    • Contact for pricing
      2,100 SF

      625 North Ave, Battle Creek, MI 49017

      Retail space • 2,100 SF
      625 North Ave, Battle Creek, MI 49017
      View Details
    • $339,900
      Pending

      Battle Creek Convenience Store For Sale

      Long-standing convenience store with living space near Fine Lake.
      13027 Banfield Rd, Battle Creek, MI 49017
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    • $299,000

      Downtown Building with Redevelopment Potential

      Two-story building in downtown location suitable for various uses.
      56 E Michigan Ave, Battle Creek, MI 49017
      View Details
    • $225,000
      1,316 SF

      Established Restaurant Opportunity in Battle Creek

      Turnkey restaurant with loyal customer base in high-visibility location.
      916 North Ave, Battle Creek, MI 49017
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      42,837 SF

      Retail Space in Pennfield Township

      Retail spaces available within an established shopping center.
      1583 Capital Ave NE, Battle Creek, MI 49017
      View Details
    • $10 SF/Yr
      42,837 SF

      Battle Creek Shopping Center Space

      Retail spaces available in established Battle Creek shopping center.
      1581-1583 NE Capital Ave NE, Battle Creek, MI 49017
      View Details
    • $8 SF/Yr
      6,771 SF

      Retail Space Near Save A Lot

      Versatile retail space with warehouse and high visibility location.
      240 E Roosevelt Ave, Battle Creek, MI 49017
      View Details
    • $14 SF/Yr

      Retail Space on Capital Avenue

      1,500 SF retail space in Pennfield, near shopping center.
      1504 Capital Ave NE 110, Battle Creek, MI 49017
      View Details
    • $14 SF/Yr
      1,500 SF

      Retail Space in Battle Creek

      1,500 SF retail space in a busy Battle Creek location.
      1504 Capital Ave NE, Battle Creek, MI 49017
      View Details
    • $8 SF/Yr

      Versatile Retail Space Available

      8,296 SF retail space with warehouse and overhead door.
      240 E Roosevelt Ave, Battle Creek, MI 49017
      View Details
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    Battle Creek, MI 49017-3604
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    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
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