Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    09383 Blue Star Highway South Haven, MI 49090

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    8,712 SF mixed-use property with warehouse, office, and living space.

    Type:Industrial
    Property size:
    8,712 SF
    Price / SF:
    $40/SF
    Added:
    Dec 20, 2025
    Days on Market:
    139
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 09383 Blue Star Highway

    General Information

    Standard status
    Active
    Size
    8,712 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Stephanie Wiltgen

    Listing agent Stephanie Wiltgen License #6505341805

    Listing office Callander Commercial

    Listing date Dec 20, 2025

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Callander Commercial

    HighLights

    • High‑visibility location on Blue Star Highway and M‑140 corridor
    • Large 8,712 SF mixed‑use property with warehouse, office, and living space
    • Abundant parking and an outbuilding
    • Ideal for investment, redevelopment, or owner use
    • Easy access to I‑196 and proximity to I‑94
    • Minutes from downtown South Haven and Lake Michigan

    Overview

    Mixed-Use Property on Blue Star Highway

    This 8,712 SF mixed-use property is located along Blue Star Highway and the M-140 corridor. The property features warehouse space, office areas, living space, an outbuilding, and parking. It is suitable for investment, redevelopment, or owner use. The location allows for capturing both local and regional traffic. The property is located minutes from downtown South Haven and Lake Michigan, with access to I-196 and is 30 miles north of I-94.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center Department Store Skin Care Clinic HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Haven
    County
    Van Buren
    State
    Michigan
    Longitude
    -86.2272781
    Latitude
    42.5206071

    Nearby Similar for Sale

    • $1,300,000
      44,632 SF

      South Haven Commercial Property Available

      Prime commercial property with warehouse and storefront in South Haven.
      380 73rd Street, South Haven, MI 49090
      View Details
    • $189,900
      3,510 SF

      Phoenix Square Retail Opportunity

      Versatile 3,491 SF commercial unit in high-traffic location.
      1210 Phoenix Street, South Haven, MI 49090
      View Details
    • $42,000

      River Noire Yacht Club Slip

      Boat slip at River Noire Yacht Club in South Haven.
      300 Oak Street, South Haven, MI 49090
      View Details
    • $189,900
      3,491 SF

      South Haven Commercial Unit For Sale

      Versatile 3,491 SF commercial unit in high-traffic location.
      1210 Phoenix Street, South Haven, MI 49090
      View Details
    • $245,000
      1,341 SF

      South Haven Commercial Opportunity

      Commercial property near downtown and Lake Michigan with high visibility.
      555 Broadway Street, South Haven, MI 49090
      View Details
    • $30,000

      South Haven Marina Boat Slip

      30' boat slip in South Haven marina for sale.
      40 N Bailey Avenue, South Haven, MI 49090
      View Details
    • $30,000

      South Haven Marina Dock for Sale

      30' dock in South Haven marina with amenities.
      40 N BAILEY AVENUE, SOUTH HAVEN, MI 49090
      View Details
    • $275,000
      1,750 SF

      Upscale South Haven Storage Unit

      Luxury storage unit with custom kitchen and full bathroom.
      71057 CR 388, South Haven, MI 49090
      View Details
    • $229,000
      1,500 SF

      Upscale Storage Condo Near South Haven

      1500 SF storage condo with customizable space and plumbed bath.
      71057 Cr-388, South Haven, MI 49090
      View Details
    • $649,900
      11,520 SF

      Versatile Property Near South Haven

      7.7 acres with two buildings near I-196 and South Haven.
      71355 CR 388, South Haven Charter Township Van Buren, MI 49090
      View Details
    • $1,200,000

      Renovated Cottages on North Shore

      Three renovated cottages near Oak St beach, South Haven.
      406 410-412 North Shore Drive, South Haven, MI 49090
      View Details
    • $1,800,000
      4,000 SF

      Retail Space in South Haven

      Retail space available for sale in South Haven, Michigan.
      261 73rd Street, South Haven, MI, 49090
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 8,712 SF mixed-use property with warehouse, office, and living space.
    Where is this mixed-use property located?
    The property is located at 09383 Blue Star Highway South Haven, MI.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: High‑visibility location on Blue Star Highway and M‑140 corridor; Large 8,712 SF mixed‑use property with warehouse, office, and living space; Abundant parking and an outbuilding
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Stephanie Wiltgen
    Real Estate License ID: 6505341805
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    09383 Blue Star Highway, South Haven, MI 49090
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!