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Fully Occupied 5-Unit Mixed Use Building in Downtown Battle Creek
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Auction #
454-1 -
Interior Space:
± 13,628 SF -
Lot Size:
±6,011 SF -
Transaction Fee:
6% (Min $25,000) -
Broker3%
Co-op:
Fully Occupied 5-Unit Mixed Use Building in Downtown Battle Creek
Office/Retail Property For Sale in Battle Creek, MI
66 E Michigan, Battle Creek, MI 49017The Future of Real Estate (FRE) and RE/MAX Perrett Associates are pleased to present the Online Auction Event for this FULLY OCCUPIED 5-Unit Mixed Use Building in Battle Creek, MI.
Property Summary
Constructed in 1915, this beautiful Art Deco 5-Unit Office Building in downtown Battle Creek, Michigan is an excellent opportunity for an investor or owner/user to own a piece of Battle Creek history. Also known as the "Elizabeth Building", this property boasts 13,628 sf allocated across 3 total stories. Battle Creek has a population of 52,335 and is best known for being the birthplace of the cereal industry. The property is located on Michigan Avenue with approximately ±8,397 VPD; Michigan Avenue also intersects with I-941, which garners ±13,683 VPD at the intersection.
Property Highlights
- 5-Unit/3 Story downtown Office Building
- 1st Story - 2 Retail Units | 2nd Story - 2 Office Units - Kitchenette - Conference Room | 3rd Story - 1 Premier Office Unit - Two Conference Rooms.
- Fully occupied with below market rents ($7-9 sf/yr), New lease to Farmers Insurance in 1st story retail unit at $19 sf/yr starts 12/2023.
- 2 Tenants on long term leases; 3 tenants on short term leases; Excellent Value Add opportunity. (Lease Information Available in Documents Section).
- All tenant leases are NN.
- NOI $34,297.
- Cap rate adjusted to minimum bid: 17.23%
Downloadable Documents Sign In to Access
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access AgreementFinancing
There is not a Preferred Lender for this auction. You may not include a financing contingency with your bid.
If you intend to purchase the property ALL CASH, you will be required to provide proof of verifiable funds prior to the offer deadline.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: RE/MAX Perrett Associates, MI # 6506040636
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.
We have reached our bid deadline and the seller is reviewing the bids received. It’s not too late to submit your bid. Please immediately contact the Event Manager listed below if you wish to place a bid or would like additional information.
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How to Bid
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1Set up a free user accountFree registration with no obligation. Your account provides access to additional information and documents, as well as email updates.
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2Search & SelectThe Future of Real Estate features real estate from the USA and international. Utilize our advanced search criteria to narrow down your selection.
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3Review InformationAccess property information to make better-informed decisions. Available information varies depending on each real estate asset type.
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4Submit Deposit (if required)Prior to placing a bid, you may need to submit a deposit. Deposits can be submitted using credit card, wire transfer or check.
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5Place Online BidPlace bids on your selected asset prior to the deadline. Specifics vary for each asset.
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6Winner is DeclaredBuyer deposits purchase funds, and closing coordinator assists Buyer and Seller with final paperwork.
ADD PROPERTY TO FAVORITES
Battle Creek, MI 49017
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Calhoun County
Battle Creek, MI -
Property Type: Commercial Property
-
Interior Space: ± 13,628 SF
-
Lot Size: ±6,011 SF
-
Transaction Fee: 6% (Min $25,000)
-
Broker Co-op: 3.00%
The Future of Real Estate (FRE) and RE/MAX Perrett Associates are pleased to present the Online Auction Event for this FULLY OCCUPIED 5-Unit Mixed Use Building in Battle Creek, MI.
Property Summary
Constructed in 1915, this beautiful Art Deco 5-Unit Office Building in downtown Battle Creek, Michigan is an excellent opportunity for an investor or owner/user to own a piece of Battle Creek history. Also known as the "Elizabeth Building", this property boasts 13,628 sf allocated across 3 total stories. Battle Creek has a population of 52,335 and is best known for being the birthplace of the cereal industry. The property is located on Michigan Avenue with approximately ±8,397 VPD; Michigan Avenue also intersects with I-941, which garners ±13,683 VPD at the intersection.
Property Highlights
- 5-Unit/3 Story downtown Office Building
- 1st Story - 2 Retail Units | 2nd Story - 2 Office Units - Kitchenette - Conference Room | 3rd Story - 1 Premier Office Unit - Two Conference Rooms.
- Fully occupied with below market rents ($7-9 sf/yr), New lease to Farmers Insurance in 1st story retail unit at $19 sf/yr starts 12/2023.
- 2 Tenants on long term leases; 3 tenants on short term leases; Excellent Value Add opportunity. (Lease Information Available in Documents Section).
- All tenant leases are NN.
- NOI $34,297.
- Cap rate adjusted to minimum bid: 17.23%
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access Agreement
Financing
There is not a Preferred Lender for this auction. You may not include a financing contingency with your bid.
If you intend to purchase the property ALL CASH, you will be required to provide proof of verifiable funds prior to the offer deadline.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: RE/MAX Perrett Associates, MI # 6506040636
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.