1525 W Michigan Ave - Storefront Retail/Office FOR SALE


Battle Creek, MI 49037
$6,300,000 USD
517-299-1222
1525 W Michigan Ave, Battle Creek, MI for Sale
$6,300,000 USD
Storefront Retail/Office - FOR SALE
1/25
null | Request Cap Rate

1525 W Michigan Ave
Battle Creek, MI 49037


HIGHLIGHTS

  • Urbandale Town Center offers an excellent opportunity to own a lively, grocery-anchored neighborhood retail center with local and national tenants.
  • Benefiting from a high occupancy rate, prominent suburban location, prime visibility, and flexible, accommodating Commercial B-1 zoning.
  • Easy accessibility and prominent exposure to a combined 24,930 average vehicles per day via Michigan Highway 89 and Michigan Highway 37.
  • Home to a diverse tenant mix ranging from groceries, clothing shops, furniture, and restaurants to a coffee shop, salon, beauty supplies, and medical.
  • Note: Broker is a principal in the ownership and management of the Urbandale Town Center.

OVERVIEW

Urbandale Town Center is a vibrant community hub for this busting Battle Creek area, extending into the Augusta and Gull Lake communities. Located at 1525 W Michigan Avenue, this well-maintained grocery-anchored retail center totals 110,913 square feet of storefront retail/office space and 8.80 acres, with an additional leasehold interest in 3.14 acres of parking lot. It is stabilized at an 82% occupancy rate with easy access to the building layout from its high-capacity parking lot. This dynamic center benefits from a high occupancy rate, prominent location, and superior Commercial B-1 zoning, an intensive business district that features the city's broadest of all zoning districts. Providing exceptional growth opportunities, out lots may be available with an existing Biggby Cube installed in 2021 and a committed Huntington Bank ATM drive-thru coming this summer. Tenancy includes the grocery anchor family fare for seven years firm, a Three-fifteen Provision Center, Urbandale Physical Therapy, Dollar Tree, Battle Creek Beauty Supply, Razor Sharp Hair Shop, Great Wall Chinese Restaurant, H&R Block's Training Center, Thrifter's Oasis, and Affordable Mattress & Furniture. Currently under construction is Speed's Diner, a long-serving community business relocating to the property. Conveniently located on Michigan Highway 89 and two blocks west of Michigan Highway 37, Urbandale Town Center provides excellent accessibility and prime exposure to a combined 24,930 average vehicles per day. Battle Creek is a close-knit, suburban community in southwestern Michigan with something for everyone. This lively town offers residents and visitors many local attractions, outdoor recreation opportunities, and a casino, among other things. It is notably home to the Kellogg Company's headquarters. Well-maintained and with incredible accessibility, Urbandale Town Center is primed to offer an ideal retail investment opportunity.

FOR SALE DETAILS

PRICE

$6,300,000 USD

PRICE/SF

$57 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Urbandale Town Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, Supermarket, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

519

LAND DETAILS

LAND ACRES

12.21 AC

LAND SF

531,868 SF

ZONING

B-1 Corridor Commercial

APN/PARCEL ID

1840-00-047-0

ASK ABOUT THIS PROPERTY

Jeffrey BeanIndividual Real Estate BrokerMore Info
517-299-1222

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Jeffrey BeanIndividual Real Estate BrokerMore Info
517-299-1222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.