Property profile

1850 Pipestone Rd Benton Harbor, MI 49022

OFF-MARKET
Medical Office Space
Property ID
US43-3139603
1.04 ac lot Built 1986
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial land parcel, encompassing 33,105 square feet, presents a unique investment opportunity in Benton Harbor, Michigan. Situated at 1850 Pipestone Road #2, this property enjoys a highly visible location just off exit 29 of I-94, directly across from Orchards Mall, ensuring significant exposure and accessibility. The land is designated as "Special Purpose" and is currently part of a six-unit office condo building. As unit #2, it benefits from shared amenities including a common foyer, lobby, and a substantial parking lot providing ample parking for occupants and visitors. The asking price for this strategically positioned land is $139,900. The property's size and location make it ideal for a variety of commercial ventures, capitalizing on the high traffic volume generated by the proximity to the interstate and the Orchards Mall. This is a rare chance to acquire a well-situated commercial lot with excellent visibility and convenient access, offering significant potential for future development or expansion. The square footage listed (1 SF) refers to the unit number within the building, not the land itself. The actual lot size is 33,105 square feet. This property is located in Berrien County, Michigan, zip code 49022.

Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1986
Lot 1.04 ac (45,302 SF)
Zoning code D1 COMM
APN 03-5800-0005-00-0
UPID US43-3139603

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Medical Clinic
  • Medical Clinic
  • Medical Clinic
  • Weight Loss Service

Location

1850 Pipestone Rd Benton Harbor, MI 49022-2334
Benton Harbor metro Census 2100 NILES-BENTON HARBOR, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

D1 COMM · Benton Harbor, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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