Overview
Capital Health Plaza offers move-in-ready medical office space in one of Battle Creek's premier healthcare settings. The available second-floor suite spans 3,611 square feet and is fully built out for clinical use, featuring a waiting room, reception and nurses' station, six exam/treatment rooms — each with a sink — three private offices, and two restrooms, allowing a practice to open its doors with minimal upfront investment. An additional 700 square feet of flexible first-generation space is available for a smaller practice or complementary use. Situated within a well-maintained 37,640-square-foot, three-story professional building anchored by Fresenius Dialysis and Bronson, tenants benefit from established patient traffic, referral synergy, and a credible healthcare address. The property provides 150 surface parking spaces — roughly four per 1,000 square feet, comfortably above typical medical demand — along with monument signage on a high-visibility commercial corridor carrying 13,470 vehicles per day and immediate access to I-94 just one minute away. Offered at $14.00/SF NNN, this is a compelling opportunity for a medical, dental, or professional practice seeking turnkey space in a proven Battle Creek healthcare location.
Location Overview
Battle Creek is a stable southwestern Michigan city anchored by Bronson Battle Creek Hospital, the corporate headquarters of Kellogg’s, and a diversified mix of manufacturing and healthcare employers. The Property sits at the intersection of the area’s two major health systems, Bronson Health and Ascension Borgess, creating sustained medical tenant demand in the immediate trade area. Affordable real estate fundamentals and below-market entry pricing relative to Detroit and Grand Rapids continue to attract regional and national investors.
- Institutional healthcare anchors. Bronson Battle Creek Hospital (37.95% of GLA) and Renal Care Group Southwest Michigan (25.78% of GLA, leased through
- August 2035) together occupy 63.7% of the building, providing a durable, credit-quality income base.
- Attractive going-in yield. In-place NOI of $272,164 represents a 10.0% going-in capitalization rate at the offering guidance, well above pricing for stabilized single-tenant medical product.
- Defined value-add upside. Lease-up of the three vacant suites (17.25% of GLA) grows NOI to a stabilized $377,293, an increase of approximately 39%, and lifts value to roughly $3,970,000.
- Growing, contractual income. All five in-place tenants are on gross leases with annual escalations of 1.5% to 3.0%, producing a compounding base income stream.
- Dual health-system trade area. The Property sits at the intersection of Battle Creek’s two major systems, Bronson Health and Ascension Borgess, driving sustained medical tenant demand.
- Below-replacement-cost basis. Offering guidance of approximately $76/SF (as-is) provides a resilient secondary-market entry point relative to Grand Rapids and Detroit.
- Turnkey second-floor medical suite with reception, 6 exam rooms (each with sinks), 3 offices, a nurses' station, and 2 restrooms — move-in ready with no build-out.
- Additional suite of flexible first-generation space available for a smaller or complementary use.
- Established 35,858 SF, three-story medical building anchored by Fresenius Dialysis and Bronson, driving built-in patient traffic.
- 150 surface parking spaces (roughly 4 per 1,000 SF), well above typical medical demand.
- One minute to I-94 with 13,470 vehicles/day on Capital Avenue for strong visibility and access.
- Monument signage available on a primary commercial corridor.
- Well-maintained Class B asset (built 1992) with efficient ~8,965 SF floor plates
