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119 W Van Buren St Battle Creek, MI
THE DEVELOPMENT
River Apartments is an exceptional opportunity to acquire a fully approved multifamily development consisting of 2.58 acres and able to accommodate 199 units and a community clubhouse in a prime western Michigan location.
Current ownership has shared their fully approved site plans, floor plans and ALTA Survey in anticipation for a new owner to step into the current developer’s position and complete the development.
With limited new construction products currently available in the market, developers have a unique opportunity to position themselves distinctively. This scarcity allows for innovative projects to stand out, potentially capturing significant attention and demand from prospective buyers and investors.
Central Air Conditioning
Fully Equipped Kitchen
Stainless Steel Appliances
LVT Flooring
Elevator
Trash Chute on Each Floor
In-Unit Washer / Dryer
Balcony in Select Units
Swimming Pool
Fitness Center
Community Clubhouse
Central Air Conditioning
Domestic Hot Water Heaters
Forced Air Furnaces
Individually Metered
Individually Metered
Individually Metered
$300/month
Cooling
Mechanical Systems
FEES
PARKING
UTILITY BILLUNG STRUCTURE
Hot Water
Heat
Gas
Electric
Water/Sewer
Pet Deposit
$35/month
Pet Rent
109 Surface Spaces
Parking
2.27/Unit
Parking Ratio
0253-00-011-0
0253-00-020-0
0253-00-012-0
2.58 Acres | 112,720 SF
Seven
One
Land Site (Three Parcels)
Calhoun
County
Parcel 1
Parcel 2
Parcel 3
Total Site
PROPOSED BUILDING
No. Buildings
PROPOSED PARKING
230 Space Parking Structure
Stories
77.5 Units / Acre
Unit Density
Unit Mix:
66 Units
Studio
101 Units
One-Bedroom
32 Units
Two-Bedroom
199 Units
Total
PROPERTY SUMMARY
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199 UNIT DEVELOPMENT OPPORTUNITY IN A HIGHLY ATTRACTIVE WESTERN MICHIGAN MARKET
In-place Brownfield TIF Tax Abatement of $10.5M
EXCEPTIONAL MARKET METRICS
BATTLE CREEK – MARKET OCCUPANCY RATE OF 96.6%
BATTLE CREEK METRO – RENT VS. OWN WALLET SHARE OF 23.2%
Opportunity Highlights
AMENITIES
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119 W Van Buren St Battle Creek, MI
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
260 E. Brown Street, Ste 150
Birmingham, MI 48009
Phone: 248.646.7701
Berkadia.com
Investment Sales
Mortgage Banking
Detroit Office
CONTACT
Rick Brace
Senior Director
248.341.3319
rick.brace@berkadia.com
EJ Wujek
Associate Director248.341.3316ej.wujek@berkadia.com
Conor David
Director
614.796.0222
conor.david@berkadia.com
David Sibbold
Managing Director 248.208.0522 david.sibbold@berkadia.com
Luke Safranek
Senior Director 248.208.3466 luke.safranek@berkadia.com
Kevin P. Dillon
Senior Managing Director
248.341.3309
kevin.dillon@berkadia.com
Corey Krug
Senior Director
248.341.3338
corey.krug@berkadia.com
Jason Krug
Senior Managing Director
248.341.3344
jason.krug@berkadia.com
DELIVERED FREE AND CLEAR OF EXISTING DEBT
Limited New Construction Competition in the Market
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7
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Opportunity
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