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
1583 Capital Avenue NE, Battle Creek, MI 49017
$3,300,000
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
- Homestead %
- 0
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
Location & Property Info
- Cross Streets
- J Barlett
- Property Sub-Type
- Retail
- Area
- Battle Creek - B
- Municipality
- Pennfield Twp
- Ownership Type
- Corporate Owned
Office/Contract Info
- Auction or For Sale
- For Sale
- List Price/SqFt
- 77.04
- Prop Avail for Lease?
- Yes
- Current Bldg Use
- 11 different retail and service tenants
Remarks & Misc
- Legal
- On File
Street Type
- Paved
- Yes
- Public
- Yes
Property Use
- Investment
- Yes
- Net Leased (nnn)
- Yes
Utilities Attached
- Cable Connected
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Phone Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Uses
- Bar/Tavern/Lounge
- Yes
- Professional Service
- Yes
- Professional/Office
- Yes
- Recreation
- Yes
- Restaurant
- Yes
- Retail
- Yes
Construction Type
- Block
- Yes
- Frame/Wood
- Yes
- Steel
- Yes
Exterior Material
- Block
- Yes
- Stucco
- Yes
Roofing
- Metal
- Yes
- Rubber
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Ownership
- LLC
- Yes
Below Grade
- Basement
- Yes
Heat Type
- Forced Air
- Yes
Air Conditioning
- Central Air
- Yes
Docs at List Office
- Aerial Photo
- Yes
Business Includes
- Non-Applicable
- Yes
Additional Features
- Barrier Free
- Yes
- Clearspan
- Yes
- Fire Sprinkler
- Yes
- Multi User Facility
- Yes
- Util Sep Mt
- Yes
Foundation
- Concrete Perimeter
- Yes
Util Avail at St
- Cable Available
- Yes
- Electricity Available
- Yes
- High Speed Internet
- Yes
- Natural Gas Available
- Yes
- Phone Available
- Yes
- Storm Sewer
- Yes
Tenant Pays All
- Building Insurance
- Yes
- Common Area Maintena
- Yes
- Electric
- Yes
- Gas
- Yes
- Janitorial
- Yes
- Management Fee
- Yes
- Prop Taxes/Assess
- Yes
- Sewer
- Yes
- Trash
- Yes
- Water
- Yes
Driveway
- Asphalt
- Yes
Docs Req Conf Agrmnt
- Financials
- Yes
- Leases
- Yes
- Rent Roll
- Yes
Send to Econ Dev Org
- MEDC
- Yes
- SWMI First, Region 5
- Yes
Purchase Terms Avail
- Cash
- Yes
Possession
- Close Of Escrow
- Yes
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
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
