Urbandale Town Center | 1525 W Michigan Ave
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Urbandale Town Center 1525 W Michigan Ave
110,913 SF 82% Leased Retail Building Battle Creek, MI 49037 $6,300,000 ($57/SF)
Virtual Tour
Investment Highlights
- Urbandale Town Center offers an excellent opportunity to own a lively, grocery-anchored neighborhood retail center with local and national tenants.
- Easy accessibility and prominent exposure to a combined 24,930 average vehicles per day via Michigan Highway 89 and Michigan Highway 37.
- Note: Broker is a principal in the ownership and management of the Urbandale Town Center.
- Benefiting from a high occupancy rate, prominent suburban location, prime visibility, and flexible, accommodating Commercial B-1 zoning.
- Home to a diverse tenant mix ranging from groceries, clothing shops, furniture, and restaurants to a coffee shop, salon, beauty supplies, and medical.
Executive Summary
Urbandale Town Center is a vibrant community hub for this busting Battle Creek area, extending into the Augusta and Gull Lake communities. Located at 1525 W Michigan Avenue, this well-maintained grocery-anchored retail center totals 110,913 square feet of storefront retail/office space and 8.80 acres, with an additional leasehold interest in 3.14 acres of parking lot. It is stabilized at an 82% occupancy rate with easy access to the building layout from its high-capacity parking lot. This dynamic center benefits from a high occupancy rate, prominent location, and superior Commercial B-1 zoning, an intensive business district that features the city's broadest of all zoning districts.
Providing exceptional growth opportunities, out lots may be available with an existing Biggby Cube installed in 2021 and a committed Huntington Bank ATM drive-thru coming this summer. Tenancy includes the grocery anchor family fare for seven years firm, a Three-fifteen Provision Center, Urbandale Physical Therapy, Dollar Tree, Battle Creek Beauty Supply, Razor Sharp Hair Shop, Great Wall Chinese Restaurant, H&R Block's Training Center, Thrifter's Oasis, and Affordable Mattress & Furniture. Currently under construction is Speed's Diner, a long-serving community business relocating to the property. Conveniently located on Michigan Highway 89 and two blocks west of Michigan Highway 37, Urbandale Town Center provides excellent accessibility and prime exposure to a combined 24,930 average vehicles per day.
Battle Creek is a close-knit, suburban community in southwestern Michigan with something for everyone. This lively town offers residents and visitors many local attractions, outdoor recreation opportunities, and a casino, among other things. It is notably home to the Kellogg Company's headquarters. Well-maintained and with incredible accessibility, Urbandale Town Center is primed to offer an ideal retail investment opportunity.
Providing exceptional growth opportunities, out lots may be available with an existing Biggby Cube installed in 2021 and a committed Huntington Bank ATM drive-thru coming this summer. Tenancy includes the grocery anchor family fare for seven years firm, a Three-fifteen Provision Center, Urbandale Physical Therapy, Dollar Tree, Battle Creek Beauty Supply, Razor Sharp Hair Shop, Great Wall Chinese Restaurant, H&R Block's Training Center, Thrifter's Oasis, and Affordable Mattress & Furniture. Currently under construction is Speed's Diner, a long-serving community business relocating to the property. Conveniently located on Michigan Highway 89 and two blocks west of Michigan Highway 37, Urbandale Town Center provides excellent accessibility and prime exposure to a combined 24,930 average vehicles per day.
Battle Creek is a close-knit, suburban community in southwestern Michigan with something for everyone. This lively town offers residents and visitors many local attractions, outdoor recreation opportunities, and a casino, among other things. It is notably home to the Kellogg Company's headquarters. Well-maintained and with incredible accessibility, Urbandale Town Center is primed to offer an ideal retail investment opportunity.
Sale Flyer
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
110,913 SF
Building Class
C
Year Built/Renovated
1960/2006
Price
$6,300,000
Price Per SF
$57
Percent Leased
82%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Land Acres
12.21 AC
Zoning
B-1 Corridor Commercial - The B-1 Corridor Commercial District is established to accommodate those retail and business service activities that serve the whole metropolitan area
Parking
519 Spaces (4.68 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Wheelchair Accessible
- Recessed Lighting
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
5,148
30,634
65,493
90,082
2029 Population
5,093
30,433
64,912
89,394
2024-2029 Projected Population Growth
-1.1%
-0.7%
-0.9%
-0.8%
Median Age
39.8
38.1
38.9
39.9
College Degree + Higher
12%
13%
16%
14%
Daytime Employees
840
26,655
45,375
58,331
Total Businesses
119
1,691
3,278
4,682
Average Household Income
$58,849
$57,793
$67,782
$73,673
Median Household Income
$43,031
$41,551
$47,538
$53,363
Total Consumer Spending
$54.1M
$295.5M
$685.1M
$1B
2024 Households
2,286
12,782
26,579
36,782
Average Home Value
$106,805
$117,029
$139,536
$168,237
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Great Wall | Chinese | $ | In Building |
| Pizza Hut | - | - | 10 min walk |
| Burger King | - | - | 17 min walk |
Retail |
||
|---|---|---|
| Family Fare | Supermarket | In Building |
| Dollar Tree | Dollar/Variety/Thrift | In Building |
Hotels |
|
|---|---|
| DoubleTree by Hilton |
247 rooms
5 min drive
|
| Baymont |
60 rooms
5 min drive
|
PROPERTY TAXES
| Parcel Number | 1840-00-047-0 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,306,909 |
PROPERTY TAXES
Parcel Number
1840-00-047-0
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,306,909
Sale Advisor
Sale Advisor
Jeffrey Bean, Managing Broker
(517) 202-9421
Contact
Jeff Bean has been an active real estate agent since 1992 with a focus in the the areas of land and commercial properties. He has extensive experience in the sale, leasing, ownership, management and auctioning of properties. Since his start in real estate he has been involved in real estate transactions in over 50 Michigan counties and 4 states. Jeff Bean also consults on behalf of debtors in the workout and restructure of trouble assets and businesses.
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Jeffrey Bean - Individual Real Estate Broker
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Urbandale Town Center | 1525 W Michigan Ave
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