Listing Agency: Keller Williams Realty Swm Show Phone

Listed By: Dan Morissette · License #6501295859 Show Phone

Source: Blueowlprop

Added: Sep 9 Changed: Oct 26 Last Checked: Oct 28 at 7:55AM

Report an Issue

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 Keller Williams Realty Swm

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 5,000-square-foot grocery store occupies a commercial space on Napier Avenue and is currently configured for grocery retail. The sale includes the equipment and furnishings used in the operation, providing an established physical setup for continued store use.

The property sits west of Colfax on the south side of Napier Avenue. Surrounding commercial activity includes national restaurants, retail stores, and daily-use services that contribute to regular destination traffic. The space is leased on a modified-gross basis.

Key Highlights

• 5,000‑square‑foot grocery store
• Sale includes existing equipment and furnishings
• Currently configured and used as a grocery store

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,904

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,038,080 $1.0M

Cap Rate 7%

$741,486 $741.5K

Cap Rate 9%

$576,711 $576.7K

What to ask about pricing

Market Conditions

NOI Build-Up for 5,000 SF

Gross rent

$77.4K $15.48/SF

− Vacancy

−$3.3K −$0.65/SF

EGI

$74.1K $14.83/SF

− OpEx

−$22.2K −$4.45/SF

NOI

$51.9K $10.38/SF

Area

Berrien County, MI

Vacancy

4.20%

Lease Rate

$15.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,038,080

Cap Rate 7%

$741,486

Cap Rate 9%

$576,711

Alternative Uses

Best Use

Specialty Retail

$794.5K

$695.2K – $926.9K (±1% cap)

NOI $55,612 @ 7.0% cap · market cap 794,457.14%

Second Best

Retail

$741.5K

$648.8K – $865.1K (±1% cap)

NOI $51,904 @ 7.0% cap · market cap 741,485.71%

Theoretical Best

Office A

$1.05M

$920.6K – $1.23M (±1% cap)

NOI $73,649 @ 7.0% cap · market cap 1,052,128.57%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Sunshine Market Grocery & Convenience Store D & M Supermarket Specialty Food Shop

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Restaurant Hair Salon Building Supply Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

114

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 49022, MI

30,143

Population

14,484

Households

2.1

Avg Household Size

39

Median Age

18%

College-Educated

85%

High-School Grad

67.3 sq mi

ZIP Area

448

Density / Sq Mi

$39,859

Median Household Income

$29,530

Median Earnings

$797

Median Rent

$140,500

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar For Sale Nearby

See more

Storefront Property with Private Loft

1015 E Napier Avenue, Benton Harbor, MI 49022

$154,500

4,630 SF

View details

Retail Space with Loading Dock

2467 m 139, Benton Harbor, MI 49022

$548,000

11,600 SF

View details

Commercial Building on Red Arrow

2148 Red Arrow Hwy, Benton Harbor, MI 49022

$175,000

2,000 SF

View details

Storefront with Storage Addition

2189 M 139, Benton Harbor, MI 49022

Contact for pricing

View details

Commercial Auto Shop on M-139

Benton Harbor, MI 49022

Contact for pricing

5,000 SF

View details

Flex Space with Fenced Yard

2202 Plaza Drive, Benton Harbor, MI 49022

$425,000

4,800 SF

View details

Fenced Flex Space with Warehouse

1470 Milton Street, Benton Harbor, MI 49022

$174,900

5,428 SF

View details

Licensed Beverage Production Property

641 S Crystal Avenue, Benton Harbor, MI 49022

$695,000

6,396 SF

View details

Keck & Keck Specialty Property

925 Pipestone Street, Benton Harbor, MI 49022

$129,900

3,770 SF

View details

Retail Space with Commercial Kitchen

136 Territorial Road, Benton Harbor, MI 49022

Contact for pricing

3,600 SF

View details

Flex Space with High Ceilings

295 Urbandale Ave, Benton Harbor, MI 49022

$375,000

7,500 SF

View details

Vineyard with Winery Facilities

Benton Harbor, MI 49022

$6,000,000

7,532 SF

View details

Similar Off Market Nearby

• D & M Supermarket — 130 W Napier Ave #1, Benton Harbor, MI 49022

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Operating grocery store with furnishings and equipment included in the sale.

Where is this grocery and convenience store located?

The property is located at 130 W Napier Avenue Benton Harbor, MI.

What are key features of this property?

This property features: 5,000‑square‑foot grocery store; Sale includes existing equipment and furnishings; Currently configured and used as a grocery store