We report the results of a systematic investigation of structural, electrical transport, magnetic, and electrochemical properties of LiBxMn2-xO4 (where x = 0.0-1), synthesized via a one-step solid state reaction technique. We find that the parent compound (x = 0) has the non-stoichiometric Li1.05Mn2O4 phase and the B ions successfully incorporate the structure for x <= 0.5. The resistivity anomaly of the parent compound below 100 K is attributed to the antiferromagnetic correlations. The linear part of the chi(-1)-T data are used to calculate the effective magnetic moments and to determine the total number of Mn3+ and Mn4+ ions. Magnetization measurements show that Jahn-Teller active Mn3+ ions have high spin configuration. Average valance of Mn ions increases with increasing boron content. Electrochemical studies show improved capacity retention for x = 0.125 for 100 charge-discharge cycles. This improvement is attributed to subtle modifications in the structural and magnetic properties upon substitution.