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
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.
More Information MLS# 25019837
Location & Property Info
Cross Streets: J Barlett
Property Sub-Type: Retail
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
General Property Info
New Construction: No
Lot Dimensions: See Broker
Road Frontage: 323.87
Mineral Rights: No
Waterfront: No
Total # Units: 11
Total # Bldgs: 2
# Fin Bldg Lvls: 42837
Total SqFt: 42837
Property Use Type: Net Leased (nnn)
School District: Pennfield
Lot Measurement: Acres
Lot Acres: 3.42
Lot Square Footage: 148975
Year Built: 1986
Full Baths: 14
Tax Info
Taxable Value: 311935
SEV: 313600
For Tax Year: 2024
Seller's Annual Property Tax: 20000
Tax Year: 2024
Homestead %: 0
Spec Assessment & Type: None
Non-Conforming Use: No
Zoning: GC-Commercial
Tax ID #: 18-032-100-00
Remarks & Misc
Legal: On File
Waterfront Options
Water Access Y/N: No
Street Type
Paved: 1
Public: 1
Property Use
Investment: 1
Net Leased (nnn): 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Bar/Tavern/Lounge: 1
Professional Service: 1
Professional/Office: 1
Recreation: 1
Restaurant: 1
Retail: 1
Construction Type
Block: 1
Frame/Wood: 1
Steel: 1
Exterior Material
Block: 1
Stucco: 1
Roofing
Metal: 1
Rubber: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
LLC: 1
Below Grade
Basement: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Docs at List Office
Aerial Photo: 1
Business Includes
Non-Applicable: 1
Additional Features
Barrier Free: 1
Clearspan: 1
Fire Sprinkler: 1
Multi User Facility: 1
Util Sep Mt: 1
Foundation
Concrete Perimeter: 1
Util Avail at St
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Storm Sewer: 1
Tenant Pays All
Building Insurance: 1
Common Area Maintena: 1
Electric: 1
Gas: 1
Janitorial: 1
Management Fee: 1
Prop Taxes/Assess: 1
Sewer: 1
Trash: 1
Water: 1
Driveway
Asphalt: 1
Docs Req Conf Agrmnt
Financials: 1
Leases: 1
Rent Roll: 1
Send to Econ Dev Org
MEDC: 1
SWMI First, Region 5: 1
Purchase Terms Avail
Cash: 1
Possession
Close Of Escrow: 1
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
Remarks Misc
Directions: Capital Ave NE to subject on the West side of the road.
Status Change Info
Under Contract Date: 2025-08-01
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.
