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    77 E Michigan Ave Battle Creek, MI 49015
    Property profile & analytics

    77 E Michigan Ave Battle Creek, MI 49015

    View on Map
    • Office buildings
    • 24,036 SF
    • 1.22 lot acres
    For Lease
    $1,745,000
    View Listing →
    Move-in Ready Downtown Office Suites For Lease
    $1,745,000

    Move-in Ready Downtown Office Suites

    Office suites for lease in downtown Battle Creek.

    77 E Michigan Ave, Battle Creek, MI 49017
    View Listing
    Property ID
    US43-2209429
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Best Investing & Tax / Tax Preparation
    • Otis Elevator Co / General Contractor / Construction Company
    • Battle Creek Zoning Board / City Tax Office / City Government Office
    • Commerce Point / Parking Lot & Garage
    • US Staffing Agency / Employment Agency

    Property Details for 77 E Michigan Ave

    Year built
    1900
    Lot size
    1.22 lot acres
    Property size
    24,036 SF
    Zone code
    T4
    Property type
    Office buildings
    APN
    9999-01-400-0
    APU
    9999014000

    Description

    This exceptional commercial property, located at 77 E. Michigan Ave in Battle Creek, Michigan, presents a unique leasing opportunity. The building, a two-story Class B structure built in 1900, sits on 1.22 acres of land and is zoned C-4. The property features multiple tenancy options within a traditional office setting, with a total of 2,600 square feet currently vacant. Individual suites range from a minimum of 752 square feet to a maximum contiguous space of 1,848 square feet, offering flexibility for various business needs. On-site management ensures smooth operations, while convenient amenities include common area restrooms and ample free on-site parking. The building's prime downtown location provides easy access to a variety of dining options within walking distance. The property's address is 77 E Michigan Ave, Battle Creek, MI 49017, and its parcel number is 9999-01-400-0. This is an ideal location for businesses seeking a move-in ready space in a vibrant and convenient setting. The building offers a blend of historical charm and modern convenience, making it an attractive option for a variety of tenants. Contact us today to learn more about the available spaces and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,745,000
      Market price range: $811k - $2.56M
      AI Estimate
      $1,745,000
      Market price range: $811k - $2.56M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,770,000
      Current use
      RESTAURANT
      $1,995,000
      Change: +13% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,625,000
      Change: -8% Conversion: Difficult
      RETAIL STORES
      $1,420,000
      Change: -20% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Battle Creek
    County
    Calhoun
    State
    Michigan
    Longitude
    -85.1802
    Latitude
    42.3171
    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
    $774,779
    -
    $0.00
    $0.00
    $1,549,558

    Comparable in this City

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    • Value Estimation
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      61,290 SF

      155 Van Buren W St

      OFFICE BUILDING • 61,290 SF
      155 Van Buren W St, Battle Creek, MI 49017-3002
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    • Value Estimation
      $720,000
      13,628 SF

      66 Michigan E Ave

      OFFICE BUILDING • 13,628 SF
      66 Michigan E Ave, Battle Creek, MI 49017-4010
      View Details
    • Value Estimation by Request
      4,530 SF

      172 Van Buren W St

      OFFICE BUILDING • 4,530 SF
      172 Van Buren W St, Battle Creek, MI 49017-3005
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      2,924 SF

      21304 Capital NE Ave

      OFFICE BUILDING • 2,924 SF
      21304 Capital NE Ave, Battle Creek, MI 49017-8617
      View Details
    • Value Estimation by Request
      1,000 SF

      738 Capital NE Ave

      OFFICE BUILDING • 1,000 SF
      738 Capital NE Ave, Battle Creek, MI 49017-5666
      View Details

    Similar Nearby for Sale

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      Remodeled Office Building in Downtown

      Remodeled office building with multiple tenants and vacant suite.
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      Versatile Commercial Building For Sale

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      Historic Religious Facility For Sale

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      Downtown Battle Creek Office Space

      3,000 sq ft mixed-use office space in downtown Battle Creek.
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    • $309,900
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      Downtown Battle Creek Office Space

      3,000 sq ft office space in downtown Battle Creek.
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    Similar Nearby for Lease

    • Contact for pricing

      Downtown Battle Creek Office Space

      Historical mixed-use building in the heart of downtown Battle Creek.
      70 W Michigan Ave, Battle Creek, MI 49017
      View Details
    • $10 SF/Yr

      Downtown Battle Creek Office Space

      Multi-tenant office building in the heart of downtown Battle Creek.
      49 W Michigan Ave, 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.
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    • $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
    View Listing
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    Battle Creek, MI 49015
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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.

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