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$8,800,000
5420-5466 Beckley Road
Battle Creek, MI 49015
MLS# 20049192
72222 sqft


5420-5466 Beckley Road, Battle Creek, MI 49015
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5420-5466 Beckley Road, Battle Creek, MI 49015 5420-5466 Beckley Road, Battle Creek, MI 49015 5420-5466 Beckley Road, Battle Creek, MI 49015 5420-5466 Beckley Road, Battle Creek, MI 49015 5420-5466 Beckley Road, Battle Creek, MI 49015 5420-5466 Beckley Road, Battle Creek, MI 49015 5420-5466 Beckley Road, Battle Creek, MI 49015

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 include

Details
Maps
Location & Property Info
County: Calhoun
Street #: 5420-5466
Street Name: Beckley
Suffix: Road
State: MI
Zip Code: 49015
Cross Streets: Capital Ave, SW & M-66 Hwy
Property Sub-Type: Retail/Commercial
Area: Battle Creek - B
Sub-Area: B01 - Battle Creek
Municipality: Battle Creek City
Office/Contract Info
Current Price: $8,800,000
List Price: $8,800,000
Auction or For Sale: For Sale
List Price/SqFt: 121.85
Prop Avail for Lease?: Yes
Listing Date: 2020-11-23
Current Bldg Use: Shopping Center
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 6.5
Lot Square Footage: 283140
Lot Dimensions: Irregular
Year Built: 1986
Road Frontage: 1
Year Remodeled: 2020
Total # Units: 1
# Fin Bldg Lvls: 1
Total # Bldgs: 2
SqFt Above Grade: 72222
Total Net SqFt: 72222
Property Use Type: Investment
Waterfront: No
School District: Battle Creek
Tax Info
Tax ID #: 13525515000350
Taxable Value: 1692039
SEV: 1753099
For Tax Year: 2020
Annual Property Tax: 113328
Tax Year: 2019
Spec Assessment & Type: None known
Non-Conforming Use: No
Zoning: C-2
Remarks & Misc
Legal: See Attached
Directions: South side of Beckley Road at Beckley Road/Riverside Drive traffic light.
Status Change Info
Status: Active
SqFt Information
Rentable Retail SqFt: 72222
Total Bldg SqFt (Gro: 72222
Property Features
Uses: Bar/Tavern/Lounge; Professional Service; Professional/Office; Restaurant; Retail
Ownership: LLC
Business Includes: Non-Applicable
Construction Type: Block
Exterior Material: Brick; Stone
Below Grade: None
Tenant Pays All: Building Insurance; Common Area Maintena; Electric; Gas; Janitorial; Management Fee; Prop Taxes/Assess; Sewer; Trash; Water
Sewer: Public
Water: Public
Utilities Attached: Cable; Electric; Natural Gas; Telephone
Util Avail at St: Cable; Electric; Natural Gas; Public Sewer; Public Water; Storm Sewer; Telephone
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central
Driveway: Shared Paved
Street Type: Paved; Public
Purchase Terms Avail: Cash
Docs Req Conf Agrmnt: Financials; Leases; Rent Roll
Sale Conditions: None
Send to Econ Dev Org: MEDC; SWMI First, Region 5
Supplements
2 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 façade 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.

Listing Office: NAI Wisinski of West Michigan

Listing Agent: Jodi Milks

Last Updated: February - 15 - 2021

5420-5466 Beckley Road, Battle Creek, MI 49015 - MLS# 20049192

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Monday 8th of March 2021 06:44 AM