1583 Capital Avenue NE, Battle Creek, MI 49017

$3,300,000

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Property Type: Commercial Sale Square Footage: 42,837 Lot Size (sq. ft.): 148,975 Status: Pending

Current Price: $3,300,000 List Date: 5/06/2025 Last Modified: 8/04/2025

Overview

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.

Listing Details MLS# 25019837

Location Property Info

County: Calhoun
Street #: 1583
Street Name: Capital
Suffix: Avenue
Post Direction: NE
State: MI
Zip Code: 49017
Zip (4): 5381

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

More Information

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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