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Office Medical

Capital Health Plaza - Turn-Key ASC with CON

3770 Capital Ave SW, Battle Creek, MI 49015

Listing Price: $3,600,000

Cap Rate
8.67%
Gross SF
13,554
Rentable SF
13,554
Price/Gross SF
$265.60
Occupancy
100.0%
Year Built
2007
Lot Size
3.77 acres

Investment Overview

Marcus & Millichap is pleased to offer for sale Capital Health Plaza, a multi-tenant medical office located at 3770 Capital Avenue SW in Battle Creek, Michigan. This 13,554-square-foot medical office, situated on a 3.77-acre lot, features ample parking, with the parking lot recently resealed. The property includes a Certificate of Need (CON) and is currently occupied by two gastroenterology practices operated by Bronson Healthcare and Ascension Medical Group. Additionally, the Endoscopy Center / Surgery Center will go dark as of December 31, 2024, though the tenant will continue to pay rent for the duration of the remaining lease term. This dark space presents an excellent opportunity for a user to backfill the surgical center allowing for significant cost saving as compared to building a new construction facility.

Bronson Gastroenterology Specialists - Battle Creek is a practice specializing in the treatment and management of digestive health, addressing nutritional needs and complications from medications. Common procedures performed at this clinic include colonoscopies and upper-GI endoscopies. In addition to managing rare disorders, the practice diagnoses and treats a variety of common gastrointestinal conditions. Bronson Gastroenterology is part of the Bronson Healthcare system, which serves patients and families across southwest Michigan and northern Indiana.

Ascension Medical Group of Michigan, located in Battle Creek, provides comprehensive care for digestive health conditions. Services range from addressing bloating and heartburn to managing inflammatory bowel symptoms, offering personalized care for children and adults. Ascension also provides nutrition counseling and medical nutrition therapy to support patient wellness.

Capital Health Plaza is strategically located near Interstate-94 and M-66, offering convenient access to local residents. This prime location is near a robust retail trade area anchored by major retailers such as Walmart, Sam’s Club, Lowe’s, Meijer, Kohl’s, Target, Best Buy, and Menards. The area is also home to two hospitals: Bronson Battle Creek Hospital, a 228-bed community hospital located seven miles away, and the Battle Creek VA Medical Center, 11 miles away, a 201-bed military hospital. Additionally, Fort Custer, a federally owned and state-operated military training facility, is 11 miles from the property. This facility serves the Michigan Army National Guard, other armed forces from Indiana, Ohio, and Illinois, as well as organizations such as the FBI, Michigan State Police, and various law enforcement agencies. The Lansing Community College Truck Driver Training School and Reserve Officer Training Corps (ROTC) programs also utilize the facility.

Battle Creek, Michigan, is a dynamic city located in Calhoun County, less than 20 miles east of Kalamazoo. Conveniently positioned at the intersection of Interstate-94 and Interstate-69, Battle Creek serves as a key transportation and commerce hub for the region. Famously known as the “Cereal City,” it is the birthplace of iconic breakfast cereal brands Kellogg’s and Post. Kellogg’s headquarters remains in downtown Battle Creek, employing over 2,000 people. The company also operates a manufacturing plant with capacity for six production lines and currently has approximately 350 employees working at the site.

The area boasts a population density of over 16,000 residents and an average household income exceeding $111,255 within a three-mile radius. The strong daytime population further reflects the area’s job retention and economic stability.

Investment Highlights

  • Opportunity to Acquire Fully Built-Out ASC Medical Building, Well Below Cost of a New Construction Facility
  • Turn-Key Surgery Center Available for Lease | Certificate of Need (CON) Attached to the Property
  • Surgery Center Includes Bronson Healthcare & Ascension Medical Group Tenants Offering Specialized Gastroenterology Services | 2 Procedure Rooms & 1 Operating Room
  • Surgical Space Going Dark as of December 31, 2024, Presenting a Prime Leasing Opportunity for a Surgical User or Healthcare Provider
  • Tenant to Continue Paying Rent Through the Remainder of the Lease Term, Ensuring Stable Income During Transition
  • Strategically Located Near: Bronson Battle Creek Hospital - 228-Bed Community Hospital (7 Miles) & Battle Creek VA Medical Center - 201-Bed Military Hospital (11 Miles)
  • Prime Accessibility Due to Proximity to I-94 & M-66, Offering Excellent Connectivity to Surrounding Region
  • 6 Miles South of Downtown Battle Creek, Home to Kellogg's Corporate Headquarters (2,000+ Employees) Major Economic Driver for the City

Exclusively Listed By

Office Medical

Capital Health Plaza - Turn-Key ASC with CON

Listing Price: $3,600,000

Cap Rate
8.67%
Gross SF
13,554
Rentable SF
13,554
Price/Gross SF
$265.60
Occupancy
100.0%
Year Built
2007
Lot Size
3.77 acres

Investment Highlights

  • Opportunity to Acquire Fully Built-Out ASC Medical Building, Well Below Cost of a New Construction Facility
  • Turn-Key Surgery Center Available for Lease | Certificate of Need (CON) Attached to the Property
  • Surgery Center Includes Bronson Healthcare & Ascension Medical Group Tenants Offering Specialized Gastroenterology Services | 2 Procedure Rooms & 1 Operating Room
  • Surgical Space Going Dark as of December 31, 2024, Presenting a Prime Leasing Opportunity for a Surgical User or Healthcare Provider
  • Tenant to Continue Paying Rent Through the Remainder of the Lease Term, Ensuring Stable Income During Transition
  • Strategically Located Near: Bronson Battle Creek Hospital - 228-Bed Community Hospital (7 Miles) & Battle Creek VA Medical Center - 201-Bed Military Hospital (11 Miles)
  • Prime Accessibility Due to Proximity to I-94 & M-66, Offering Excellent Connectivity to Surrounding Region
  • 6 Miles South of Downtown Battle Creek, Home to Kellogg's Corporate Headquarters (2,000+ Employees) Major Economic Driver for the City

Investment Overview

Marcus & Millichap is pleased to offer for sale Capital Health Plaza, a multi-tenant medical office located at 3770 Capital Avenue SW in Battle Creek, Michigan. This 13,554-square-foot medical office, situated on a 3.77-acre lot, features ample parking, with the parking lot recently resealed. The property includes a Certificate of Need (CON) and is currently occupied by two gastroenterology practices operated by Bronson Healthcare and Ascension Medical Group. Additionally, the Endoscopy Center / Surgery Center will go dark as of December 31, 2024, though the tenant will continue to pay rent for the duration of the remaining lease term. This dark space presents an excellent opportunity for a user to backfill the surgical center allowing for significant cost saving as compared to building a new construction facility. Bronson Gastroenterology Specialists - Battle Creek is a practice specializing in the treatment and management of digestive health, addressing nutritional needs and complications from medications. Common procedures performed at this clinic include colonoscopies and upper-GI endoscopies. In addition to managing rare disorders, the practice diagnoses and treats a variety of common gastrointestinal conditions. Bronson Gastroenterology is part of the Bronson Healthcare system, which serves patients and families across southwest Michigan and northern Indiana. Ascension Medical Group of Michigan, located in Battle Creek, provides comprehensive care for digestive health conditions. Services range from addressing bloating and heartburn to managing inflammatory bowel symptoms, offering personalized care for children and adults. Ascension also provides nutrition counseling and medical nutrition therapy to support patient wellness. Capital Health Plaza is strategically located near Interstate-94 and M-66, offering convenient access to local residents. This prime location is near a robust retail trade area anchored by major retailers such as Walmart, Sam’s Club, Lowe’s, Meijer, Kohl’s, Target, Best Buy, and Menards. The area is also home to two hospitals: Bronson Battle Creek Hospital, a 228-bed community hospital located seven miles away, and the Battle Creek VA Medical Center, 11 miles away, a 201-bed military hospital. Additionally, Fort Custer, a federally owned and state-operated military training facility, is 11 miles from the property. This facility serves the Michigan Army National Guard, other armed forces from Indiana, Ohio, and Illinois, as well as organizations such as the FBI, Michigan State Police, and various law enforcement agencies. The Lansing Community College Truck Driver Training School and Reserve Officer Training Corps (ROTC) programs also utilize the facility. Battle Creek, Michigan, is a dynamic city located in Calhoun County, less than 20 miles east of Kalamazoo. Conveniently positioned at the intersection of Interstate-94 and Interstate-69, Battle Creek serves as a key transportation and commerce hub for the region. Famously known as the “Cereal City,” it is the birthplace of iconic breakfast cereal brands Kellogg’s and Post. Kellogg’s headquarters remains in downtown Battle Creek, employing over 2,000 people. The company also operates a manufacturing plant with capacity for six production lines and currently has approximately 350 employees working at the site. The area boasts a population density of over 16,000 residents and an average household income exceeding $111,255 within a three-mile radius. The strong daytime population further reflects the area’s job retention and economic stability.

Exclusively Listed By

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