About This Restaurant
Investment Highlights
Highly visible and accessible location on the busiest and most attractive intersection in the downtown Class A renovations and solid construction without load bearing walls make this an attractive and profitable property. Beautiful, well-maintained historic structure with long term tenants in occupancy.
Executive Summary
Located in an Opportunity Zone for significant investment tax benefits! New reduced price! Excellent return for owner/operator. Excellent investment opportunity as surrounding development is spurring downtown residential, foot traffic and retail sales. Major renovated high rise is coming on line, two new brewpubs are expected to open down the street, additional developments occurring along this prime block in downtown Battle Creek. This property is offered on a fee simple basis.Can possibly be available for lease contact broker for more details.
Property Details
- Sale Type Investment or Owner User
- Property Type Office
- Property Subtype Medical Medical General Retail Bank General Retail Restaurant General Retail Storefront Medical
- Building Size 21,771
- Building Class B
- Year Built/Renovated 1878/2008
- Price 600,000
- Price Per SF 28
- Cap Rate 11
- NOI 66,000
- Percent Leased 91
- Tenancy Multiple
- Building Height 4 Stories
- Typical Floor Size 7,318
- Slab To Slab 10?
- Building FAR 2.94
- Land Acres 0.17 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Amenities
- 24 Hour Access
- Bus Line
- Signage
- Central Heating
- Fully Carpeted
- High Ceilings
- Secure Storage
- Drop Ceiling
- Air Conditioning
Property Taxes
Parcel Number | 0252-00-037-0 | Improvements Assessment | $0 (2023) |
Land Assessment | $551,944 (2023) | Total Assessment | $11,912 (0.55/SF) |
Date Created: | 2024-07-16 04:16:19 | Last Updated: | 2024-07-16 04:16:19 |
Address: | 2-8 W Ave , Battle Creek, Michigan, 49017 |