Two West Michigan 2-8 W Michigan Ave

2-8 W Ave , Battle Creek, Michigan, 49017 | 21,771 sq.f | $ 600,000

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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