$3,300,000
Battle Creek, MI 49017
MLS# 25019837
Status: Pending
42837 sqft
1 / 20
Property Description
This is the S'ly 42,837 SF of a 93,855 SF shopping Center known Capital Square/Pennfield Plaza on M-66 / Capital Avenue NE. Over 15,000 VPD on M-66. The center is anchored by Family Fare, ACE Hardware, RAC, Dollar Tree, Nova Care, MeMaw's Merchandise, H & R Block, McGonigle's Deli, and others. Many of the tenants have renewed their leases several times and represent the top stores in their territory. The property is adjacent to 250+ unit apartment complex and very close to the Bailey Park sports complex. 2,500 SF basement with 2 restrooms located under the 3,700 SF restaurant unit.
Details
Maps
Location Property Info
County: Calhoun
Street #: 1583
Street Name: Capital
Suffix: Avenue
Post Direction: NE
State: MI
Zip Code: 49017
Zip (4): 5381
Area: Battle Creek - B
OfficeContract Info
Status: Pending
Current Price: $3,300,000
List Price: $3,300,000
Listing Date: 2025-05-05
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 3.42
Lot Square Footage: 148975
Lot Dimensions: See Broker
Year Built: 1986
Road Frontage: 323.87
Mineral Rights: No
Total # Units: 11
# Fin Bldg Lvls: 42837
Total # Bldgs: 2
Total SqFt: 42837
Property Use Type: Net Leased (nnn)
Full Baths: 14
Waterfront: No
School District: Pennfield
Tax Info
Tax ID #: 18-032-100-00
Taxable Value: 311935
SEV: 313600
For Tax Year: 2024
Seller's Annual Property Tax: 20000
Tax Year: 2024
Spec Assessment & Type: None
Non-Conforming Use: No
Zoning: GC-Commercial
Remarks Misc
Directions: Capital Ave NE to subject on the West side of the road.
Status Change Info
Under Contract Date: 2025-08-01
Waterfront Options
Water Access Y/N: No
Property Features
Property Use: Investment; Net Leased (nnn)
Uses: Bar/Tavern/Lounge; Professional Service; Professional/Office; Recreation; Restaurant; Retail
Ownership: LLC
Business Includes: Non-Applicable
Construction Type: Block; Frame/Wood; Steel
Exterior Material: Block; Stucco
Roofing: Metal; Rubber
Foundation: Concrete Perimeter
Below Grade: Basement
Additional Features: Barrier Free; Clearspan; Fire Sprinkler; Multi User Facility; Util Sep Mt
Tenant Pays All: Building Insurance; Common Area Maintena; Electric; Gas; Janitorial; Management Fee; Prop Taxes/Assess; Sewer; Trash; Water
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Storm Sewer
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Asphalt
Street Type: Paved; Public
Purchase Terms Avail: Cash
Docs at List Office: Aerial Photo
Docs Req Conf Agrmnt: Financials; Leases; Rent Roll
Sale Conditions: None
Send to Econ Dev Org: MEDC; SWMI First, Region 5
Possession: Close Of Escrow
Listing Office: Cherney Realty Advisors
Listing Agent: Charles Cherney
Last Updated: August - 04 - 2025
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