Battle Creek Commercial Community Town Center

Retail-Commercial for Sale
Catylist Listing ID: 30148462
Property Subtypes: Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 109,321 SF
Gross Building Area: 117,201 SF
Gross Land Area: 8.79 - 12.20 Acres
Sale Price: $5,500,000
Unit Price: $50.31 PSF
Ceiling: 16 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Urbandale Town Center
Usable Size (USF): 117,201 SF
Sale Terms: Cash to Seller
Cap Rate: 8.24%
Last Updated: 6/29/2022

Overview / Comments

Urbandale Town Center is a Community Hub for the Urbandale Area of Battle Creek that Serves Northwestern Battle Creek and Extending Itself Into the Augusta and Gull Lake Communities. This Center is Grocery Anchored and Features a Redeveloped Exterior with Lots of Parking. Out Lots may be Available. A 2019 Rezoning to Commercial 3 Intensive Business District Zoning Features the Broadest of All Zoning Uses Available in the City. Community and City Governmental Support for this Center as it Transitions from a Pure Retail Center to a Community Service Center is Strong. Tenancy Supports Cell Phone, Variety Goods, Restaurant, Grocery and Cannabis Retail Along with Hair Care, Medical and Accounting Services. Upside Potential Includes a Sandwich Shop, Coffee Shop and Event Center. Recent Improvements Consist of 1.7 Acres of New Asphalt Surface Across the High Use Building Frontage and New Pylon Signage in 2019. Agent is licensed Broker in the State of Michigan and Holds an Ownership Interest in the Urbandale Town Center.

Additional Details

Nearest MSA: Battle Creek
County: Calhoun
Taxing Authority: City of Battle Creek
Tax ID/APN: 52-1840-00-047-0
Zoning: C-3 INTENSIVE BUSINESS DISTRICT
Retail Clientele: General, Family, Business
Property Located Between: M-89 and M37
Property Visibility: Excellent
Largest Nearby Street: M-89
Feet of Frontage: 532
Traffic/Vehicle Count: 12,620
Highway Access: The Urbandale Town Center Site Fronts on M-89 (West Michigan Avenue) and Supports an Average Daily Traffic Count in Excess of 13,067 Vehicles. The Intersection of M-89 and M-37 is Approximately 800 Feet from the Urbandale Town Center and supports an Average Daily Traffic Count in excess of 25,000 Vehicles. The Urbandale Town Center is also Serviced from a Second Access Point Off M-37 by way of Urbandale Boulevard.
Site Description: The Urbandale Town Center Fronts Michigan Avenue to the North and Urbandale Boulevard to the South. The Site is Level and Hard Surfaced with the Building Proper Running North and South Along the East Boundary.
Area Description: The Urbandale Community Area of Battle Creek is Located in the Northwest Area of Battle Creek Supporting the Surrounding Community and the Battle Creek Air National Guard Base which is Directly South. The Nearby M-89 & M-37 Intersection is the Entry Point to Traffic to and from Battle Creek from the Cities of Hastings and Augusta. The Area Features Fast Food, Dining, Drug Stores, Banking, Gas and General Neighborhood Service.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 109,321 SF
Property Condition: Excellent
Year Built: 1964
Year Renovated: 2006
Roof Type: Flat
Construction/Siding: Block, Brick
Exterior Description: Brick and Block Construction with Sloped Roof Covered Walkway and Landscaped Frontage.
Total Parking Spaces: 402
Parking Type: Surface
Parking Description: Large Well Maintained Parking Area Suitable for Outdoor Activities Such as Carnivals, Vehicle Shows, Rallys and Displays..
Sprinklers: None
Heat Type: Natural Gas
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: The C-3 Intensive Business District is the broadest use district within the City of Battle Creek and is intended to accommodate those business activities that typically generate large volumes of motor vehicle traffic and off-street parking. The C-3 District also accommodates the C-2 Central Business District with retail and business service activities that serve the whole community and the metropolitan region, the C-1 Neighborhood Commercial District and the O-1 Office District.
Lot Frontage: 531
Lot Depth: 913
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities
Easements Description: A 177 Foot Wide Consumers Energy Utility Right of Way being 3.41 Acres in Size Traverses and Makes Up a Portion of the Hard Surface Parking Lot.
Land Ownership: Fee Simple
Legal Description: ASSRS PLAT CLEAR VIEW LOTS 37, 38 & 40; AVERYS ADD TO URBANDALE LOT 5, EXC THAT PART LYING SLY OF A LI DESC AS BEG SE COR LOT 37 - N 68 DEG 15 MIN W 57.86 FT - N 37 DEG 49 MIN W 72.74 FT - NWLY ALG ARC TO LT (RAD 660.21 FT; CHD BRG N 52 DEG 35 MIN 50 SEC W 113.87 FT) - NWLY ALG ARC TO LT (RAD 778.4 FT; CHD BEG N 62 DEG 9 MIN 10 SEC W 125.08 FT) - NWLY ALG ARC TO LT (RAD 889.18 FT, CHD BRG N 72 DEG 58 MIN 10 SEC W 192.31 FT) TO ELY LI LOT 41 - N 11.16 FT TO NE COR LOT 41 & POE ALSO, EXC BEG NE COR LOT 40 - S 221.3 FT - W 98.49 FT - N 259.85 FT TO NW COR LOT 40 - S 68 DEG 1 MIN E 105.6 FT TO POB

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,142 35,466 70,085
Median Age: 37.47 35.94 38.08
Households: 3,044 14,257 27,940

Contact

Photograph of Listing Agent

Jeffrey R. Bean

CPIX Member
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