Former Drive-In Restaurant
287 E Main Street Benton Harbor, MI 49022
287 E Main Street, Benton Harbor, MI, 49022
$324,900
For Sale
Under Contract
$324,900
COMMERCIAL - Benton Harbor, MI
Property Size1,945 SF
Lot Size0.46 Acres
Price / SF$167.04
Days on Market140
Property Features for 287 E Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Parking
- 28
- Interior features
- Broadband
- Standard status
- Active Under Contract
- APN
- 11-54-0340-0118-02-8
- Size
- 1,945 SF
- Lot size
- 0.46 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LOTS 9 10 11 & 12 BLK 13 ORIGINAL PLAT OF CITY OF BENTON HARBOR SEE 11-54-9975-0516-00-7
- Tax Annual Amount
- 6913
Utilities
- Utilities
- Cable Available
Building Details
- Year built
- 1964
- Number of units
- 1
- Building materials
- Block, Metal Siding
- Roof type
- Metal
Listing Agency
Keller Williams Realty Swm
(269) 982-7653
2603 S Cleveland, St. Joseph, MI
Listed by
Dan Morissette · License #6501295859
(269) 449-4198
Added: Feb 27 Checked: Jul 17 at 6:06 pm
MLS# 26007145
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property is a former Roxy Drive-In Restaurant building located in the Arts District in downtown Benton Harbor. The asset is well suited for buyers looking to renovate an existing restaurant-style structure for a new concept or alternative retail use.
The site offers substantial visibility and frontage, including approximately 200 feet on Main Street and approximately 100 feet on 4th Street. With frontage on two streets, the property provides multiple points of exposure for passing traffic and storefront presentation in the downtown core.
Given its former restaurant configuration and strong street-facing presence, the building may appeal to owner-operators and investors seeking an adaptive reuse opportunity. It could also be considered by businesses looking for a downtown location with significant frontage for customer access and signage opportunities. Buyers should evaluate the existing improvements and plan for any necessary updates based on their intended use.
The site offers substantial visibility and frontage, including approximately 200 feet on Main Street and approximately 100 feet on 4th Street. With frontage on two streets, the property provides multiple points of exposure for passing traffic and storefront presentation in the downtown core.
Given its former restaurant configuration and strong street-facing presence, the building may appeal to owner-operators and investors seeking an adaptive reuse opportunity. It could also be considered by businesses looking for a downtown location with significant frontage for customer access and signage opportunities. Buyers should evaluate the existing improvements and plan for any necessary updates based on their intended use.
Key Highlights
- Prime location in the Arts District of downtown Benton Harbor
- Significant investment opportunity
- Substantial frontage: 200 feet on Main Street and 100 feet on 4th Street
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.1k | $15.48 |
| − Vacancy | −$1.3k | −$0.65 |
| EGI | $28.8k | $14.83 |
| − OpEx | −$7.2k | −$3.71 |
| NOI | $21.6k | $11.12 |
1,945 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$309.0K
$270.4K – $360.6K
NOI $21,633 @ 7.0% cap · market cap 6.66%
Second Best
Retail
$288.4K
$252.4K – $336.5K
NOI $20,191 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$409.3K
$358.1K – $477.5K
NOI $28,650 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Drive through restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - Commercial building with prominent street frontage in downtown Benton Harbor’s Arts District.
Where is this drive through restaurant located?
The property is located at 287 E Main Street Benton Harbor, MI.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Prime location in the Arts District of downtown Benton Harbor; Significant investment opportunity; Substantial frontage: **200 feet on Main Street and 100 feet on 4th Street**
