66 Michigan E Ave Battle Creek, MI 49017

This exceptional 13,628 square foot mixed-use building presents a compelling value-add opportunity in the heart of Battle Creek, Michigan. Located at 66 E Michigan Ave, this three-story, 1915-constructed property boasts five units currently operating at 100% occupancy. The building's layout includes two ground-floor retail spaces, two second-floor office units featuring a kitchenette and conference room, and a premier third-floor office unit with two conference rooms. Four of the five leases are below market rate ($7-9 per square foot annually), while one tenant, Farmers Insurance, occupies space at the market rate of $19 per square foot annually. This presents a significant opportunity to increase net operating income (NOI) – details are available in the provided documents. The property sits on a 0.138-acre lot and is zoned T-5. With its prime location on Michigan Avenue (approx. 8,397 vehicles per day) and proximity to I-941 (approx. 13,683 vehicles per day at the intersection), this building offers excellent visibility and accessibility. The property's strong tenancy, with two tenants on long-term leases and three on short-term leases (lease details available in the documents), ensures a stable income stream. This is a rare chance to acquire a piece of Battle Creek history and capitalize on a significant value-add potential. The APN is 0258-00-045-0. Asking price is $699,900.