Two West Michigan
21,771 SF | 94% Leased | Office Building | Battle Creek, MI 49017 | $600,000 ($28/SF) | 11% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $600,000
- Property Type
-
Office, Restaurant
- Square Feet
- 21,771 SF
- Price / Square Foot
- $28
Listing Contacts
Bill Schroer
Verified Profile
- Property Info
Property Overview
Anchor downtown property located in an Opportunity Zone for significant tax benefits! Located on the second busiest intersection in Battle Creek. Beautiful location across from WK Kellogg Foundation and kitty-corner to Mill Race Park. This well maintained and highly visible office building has been over 85% occupied with long term tenants for multiple years. The building is an historic landmark yet has been updated and continuously renovated. The building is located centrally to the downtown with walkable access to the Kellogg Foundation, Kellogg Company, County Courthouse, City Hall and restaurant and entertainment venues on Michigan Avenue. Located just down the street from the newly remodeled "Milton" building which as a renovated art-deco high rise from the 1930s is drawing an increasing number of residents, restaurants and commercial properties to the core downtown area.
The building features front and rear passenger elevators as well as front and rear staircases, is fully sprinklered and has been converted to all LED lighting. A diversity of long term professionals in the finance, health food, design and insurance categories comprised the tenant mix. The building was a former bank and includes two vaults in the basement as well as training room and dry, secure storage areas for tenants. The building includes no load bearing walls in the interior facilitating remodeling and increasing/decreasing suite size and format. Almost 1/2 of the office suites feature hostess stations. Men's/women's restrooms are located on each floor. Major Class A renovations on first floor suites have heightened the "show" factor of the building and one major renovation completed (2019) brought a major university to town as part of an important community educational initiative.
The building features frontage on Michigan Avenue on the main business/entertainment block of the entire downtown. The building also features rear access onto the State Street Parking area in the rear offering convenient and accessible parking for customers and tenants.
The building features front and rear passenger elevators as well as front and rear staircases, is fully sprinklered and has been converted to all LED lighting. A diversity of long term professionals in the finance, health food, design and insurance categories comprised the tenant mix. The building was a former bank and includes two vaults in the basement as well as training room and dry, secure storage areas for tenants. The building includes no load bearing walls in the interior facilitating remodeling and increasing/decreasing suite size and format. Almost 1/2 of the office suites feature hostess stations. Men's/women's restrooms are located on each floor. Major Class A renovations on first floor suites have heightened the "show" factor of the building and one major renovation completed (2019) brought a major university to town as part of an important community educational initiative.
The building features frontage on Michigan Avenue on the main business/entertainment block of the entire downtown. The building also features rear access onto the State Street Parking area in the rear offering convenient and accessible parking for customers and tenants.
Property Details
- Class
- B
- Year Built/Renovated
- 1878/2008
- Stories
- 4
- Property Subtype
- Medical, Bank, Storefront
- Lot Size (sq. ft)
- 7,405 SF
Highlights
- Highly visible and accessible location on the busiest and most attractive intersection in the downtown
- Beautiful, well-maintained historic structure with long term tenants in occupancy.
- Class A renovations and solid construction without load bearing walls make this an attractive and profitable property.
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