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    5420-5466 Beckley Road

    Battle Creek, MI 49015
    • $8,800,000
    • STATUS: Active
    • ON SITE: 289 days
    • MLS #: 20049192
    UPDATED: 47 min ago
    $8,800,000
    • 0
      BEDS
    • 6.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 72,222
      SQFT
    • $122
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1986
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    SHOPPING CENTER INVESTMENT OFFERING - Featuring a 72,222 SF portion of Minges Creek Plaza, a Hobby Lobby/Big Lots shadow-anchored shopping center in Battle Creek, Michigan. Currently 94% occupied, this Plaza features a strong national/local tenant mix, including JoAnn Fabrics & Crafts, Biggby Coffee, Xfinity, Supercuts, Tropical Smoothie Cafe, The UPS Store, Check 'n Go, LA Insurance, Michigan Secretary of State, B2 Outlet Stores, Wild Bill's Tobacco and Island Heat. Centrally located within the busy Beckley Road/B Drive North retail corridor, just south of I-94, the property is well positioned between the I-94/Capital Avenue, SW and M-66 interchanges and benefits from great highway access and visibility. Additional amenities include2 pylon signs (plus 1 shared with Hobby Lobby/Big Lots), ample parking, several ingress/egress options, including traffic light access at Beckley Road/Riverside Drive, and a complete faade renovation completed in 2019. Minges Creek Plaza is a solid investment opportunity offering an in-place NOI of $770,454, an 8.8% cap rate and a value-add opportunity featuring a 0.78-acre outparcel.

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    © 2021 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2021-09-17T21:00:24.473.
    www.rekemateam.com/homes/112305077
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    5420-5466 Beckley Road Battle Creek, MI 49015

    • Price: $8,800,000
    • Status: Active
    • Updated: 47 min ago
    • MLS #: 20049192
    0
    Beds
    0
    Baths
    0
    ½ Baths
    6.5
    Acres
    72,222
    SQFT
    $122
    $/SQFT
    1986
    Built
    Neighborhood:
    Battle Creek City
    County:
    Calhoun
    Area:
    Battle Creek
    School District:
    Battle Creek
    Property Description
    SHOPPING CENTER INVESTMENT OFFERING - Featuring a 72,222 SF portion of Minges Creek Plaza, a Hobby Lobby/Big Lots shadow-anchored shopping center in Battle Creek, Michigan. Currently 94% occupied, this Plaza features a strong national/local tenant mix, including JoAnn Fabrics & Crafts, Biggby Coffee, Xfinity, Supercuts, Tropical Smoothie Cafe, The UPS Store, Check 'n Go, LA Insurance, Michigan Secretary of State, B2 Outlet Stores, Wild Bill's Tobacco and Island Heat. Centrally located within the busy Beckley Road/B Drive North retail corridor, just south of I-94, the property is well positioned between the I-94/Capital Avenue, SW and M-66 interchanges and benefits from great highway access and visibility. Additional amenities include2 pylon signs (plus 1 shared with Hobby Lobby/Big Lots), ample parking, several ingress/egress options, including traffic light access at Beckley Road/Riverside Drive, and a complete faade renovation completed in 2019. Minges Creek Plaza is a solid investment opportunity offering an in-place NOI of $770,454, an 8.8% cap rate and a value-add opportunity featuring a 0.78-acre outparcel.
    Exterior Features

    Construction Type Block Driveway Shared Paved Exterior Material BrickStone Finished Building Levels 1.00 Lot Dimensions Irregular Number Of Buildings 2.00 Road Frontage 1.00 Street Type PavedPublic Waterfront No

    Interior Features

    Air Conditioning Central Below Grade None Heat Source Natural Gas Heat Type Forced Air Rentable Retail Sq Ft 72222.00 Sq Ft Total 72222.00 Tot Bldg Sq Ft Gross 72222.00

    Property Features

    Annual Property Tax 113328.00 Association Greater Kalamazoo Association Of Realtors Business Includes Non-Applicable Commercial Type Retail/Commercial Current Use Shopping Center Documents Req Conf Agreement FinancialsLeasesRent Roll New Construction No Ownership Llc Sale Conditions None Sewer Public Tax Year 2019 Tenant Pays Building InsuranceCommon Area MaintenaElectricGasJanitorialManagement FeeProp Taxes/AssessSewerTrashWater Terms Available Cash Uses Bar/Tavern/LoungeProfessional ServiceProfessional/OfficeRestaurantRetail Util Avl At Street CableElectricNatural GasPublic SewerPublic WaterStorm SewerTelephone Utilities Attached CableElectricNatural GasTelephone Water Public Zoning C-2

    Listing provided courtesy of Jodi K Milks of Nai Wisinski Of West Michigan. © 2021 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
    © 2021 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2021-09-17T21:00:24.473.
     
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