Oriental Supermarket Business
For Sale
$180,000
114 E Ferry Street, Berrien Springs, MI 49103
Established Oriental Supermarket for sale with real estate and equipment.
Property Size1,132 SF
Price / SF$159.01
Days on Market160
Property Features for 114 E Ferry Street
General Information
Standard status
Active
Size
1,132 SF
Property subtype
Industrial
Amenities
3
Rubber
2790
Building Details
Year Built
1956
Listing Agency:
Coldwell Banker Anchor R.E.
(269) 983-0011
Listed By:
John Shail · License #6501310454
Source:
Xome
Added: Mar 17
Changed: Aug 23
Last Checked: Aug 23 at 6:48AM
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 Coldwell Banker Anchor R.E.
Investment Insights
Based on property information with market context.
An established Oriental Supermarket, in operation since 1992, is available for purchase. The sale includes the real estate, equipment, and inventory. The property is situated in downtown Berrien Springs. The location has a bike score of 70, indicating it is very bikeable, and a walk score of 64, suggesting it is somewhat walkable. The business has a long-term customer base and a track record.
Key Highlights
- Established Oriental Supermarket with proven track record since 1992
- Sale includes real estate, equipment, and all inventory
- Prime location in downtown Berrien Springs
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,591
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$251,820
$251.8K
Cap Rate 7%
$179,871
$179.9K
Cap Rate 9%
$139,900
$139.9K
Market Conditions
NOI Build-Up for 1,132 SF
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.
Gross rent
$17.5K $15.48/SF
− Vacancy
−$736 −$0.65/SF
EGI
$16.8K $14.83/SF
− OpEx
−$4.2K −$3.71/SF
NOI
$12.6K $11.12/SF
Area
Berrien County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$251,820
Cap Rate 7%
$179,871
Cap Rate 9%
$139,900
Alternative Uses
Best Use
Specialty Retail
$179.9K
$157.4K – $209.9K
NOI $12,591 @ 7.0% cap · market cap 7.00%
Second Best
Retail
$167.9K
$146.9K – $195.9K
NOI $11,751 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$238.2K
$208.4K – $277.9K
NOI $16,674 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
12k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedway
Shops & Services
7,564 visits/mo
0.1 miles
Berrien Springs Water Department
Shops & Services
3,931 visits/mo
0.2 miles
FedEx Office Print & Ship Center
Shops & Services
649 visits/mo
0.1 miles
Demographics for 49103, MI
11,508
Population
4,833
Households
2.4
Avg Household Size
39
Median Age
52%
College-Educated
94%
High-School Grad
44.8 sq mi
ZIP Area
257
Density / Sq Mi
$61,888
Median Household Income
$32,524
Median Earnings
$878
Median Rent
$224,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- New Berrien Springs Oriental Supermarket — 116 E Ferry St, Berrien Springs, MI 49103
- Berrien and Springs Liquor and party store — 9513 Old 31, Berrien Springs, MI 49103
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established Oriental Supermarket for sale with real estate and equipment.
Where is this grocery and convenience store located?
The property is located at 114 E Ferry Street Berrien Springs, MI.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Established Oriental Supermarket with proven track record since 1992; Sale includes real estate, equipment, and all inventory; Prime location in downtown Berrien Springs
