Fix&Hold (Multi/Commercial) - (22 Unit) 450 W Mich Ave W, Battle Creek, MI 49037 + AVAILABLE
- Aug 31, 2021
- 2 min read
Updated: Jan 20, 2024
Multi-Family Investment Opportunity Available
Acquisition Price
$199,999
Mixed Use Commercial Building
22 Residential Units
21,484 sqft.
Investment Opportunity in Vibrant Downtown Battle Creek 🏢
Are you an investor with a vision for growth? This mixed-use commercial building, located in the heart of downtown Battle Creek, is the perfect canvas for your ambitious dreams. With 22 residential units and 21,484 square feet of potential, this property presents a unique opportunity to not only maximize your returns but also be a catalyst for positive change in the local economy.
Property Highlights:
🏠 22 Residential Units: Create affordable housing options for the community.
🏪 Prime Location: Situated just minutes away from the Kellogg complex, this property offers convenient access to major employers and amenities.
🏢 Mixed-Use Potential: Explore the possibilities of combining retail spaces with the residential units, providing a one-stop destination for residents and shoppers alike.
💼 Economic Incentives: Take advantage of grants offered by the Washington Heights Entrepreneurial Fund and Battle Creek Unlimited, designed to support and stimulate local businesses.
🔥 Modern Amenities: A new boiler and ductwork were installed just 8 years ago, ensuring efficient heating and ventilation.
💰 Affordable Insurance: Low annual insurance expenses at $2,400/year make this investment even more attractive.
📜 Hassle-Free Transaction: Rest easy knowing that title transfer will be conducted through a warranty deed, ensuring a clean title with title insurance, and no outstanding taxes or water bills.
Local Economy Boost: 📈
We understand that concerns about the local economy may give you pause. However, consider this property not just as an investment but as a chance to make a real impact. By developing more housing and retail stores in Battle Creek, you can help stimulate economic growth and revitalize the community. Your investment could be the spark that renews the spirit of this charming city.
Don't Miss Out: 📞
To schedule a showing or discuss this opportunity further, please give us a call at 864-762-2509. For your convenience, all offers can be submitted via email to sarter@promiselandrealtyllc.com.
View Property Photos: 📸
Property Details:
School District: Battle Creek
Exterior: Block and Brick
Lot Size: 132.00X132.00
Zoning: Commercial, Light Industrial, Multi-Family
Present Use: Retail and Multifamily Apartments
Frontage: 90
Utilities: City Water
Units in Building(s): 22
Unit Types: All 2 Bedroom Units
Total Square Feet: 21,484
Summer Tax: $1,634.00
Winter Tax: $1,844.00
Business Type: Manufacturing, Residential, Retail
Invest in Battle Creek's future and be a part of its resurgence. Seize this opportunity to shape the local economy while reaping the rewards of a strategic investment. Don't hesitate, act now!
PROPERTY MAP:
"Brick by Brick."
PROMISE LAND REALTY, LLC
Work: 313-307-6616
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. *Realtors add your fee on top*
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