Adaptive Space in Downtown
For Lease
$6,000/Mo
195 Michigan Street, Benton Harbor, MI 49022
20,919 SF space perfect for retail, office, or restaurant.
Space SizeContact for details
Property Size20,919 SF
Days on Market174
Property Features for 195 Michigan Street
General Information
Standard status
Active
Size
20,919 SF
Zoning
Commercial, Multi-Family, Multiple, Offi
Lease Term
Triple Net Lease
Building Details
Building Size
20,919 SF
Year Built
1930
Stories
2
Listing Agency:
Premier Property Services LLC
(313) 806-1303
Listed By:
James Bufalino · License #6501313711
(313) 806-1303
Source:
Sabudarealty
Added: Mar 2
Changed: Aug 23
Last Checked: Aug 22 at 10:41AM
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 Premier Property Services LLC
Investment Insights
Based on property information with market context.
This well-built property offers an excellent opportunity to be part of Benton Harbor's emerging downtown district. The building features 20,919 square feet of above-grade space, complemented by an additional 10,000+ square feet in the basement. A new roof is slated for installation in 2025, with new windows being installed in March of 2026. The property benefits from ample electricity to support various uses. The expansive floor plan, high ceilings, and excellent natural light create a versatile canvas suitable for nearly any adaptive use. Given the City of Benton Harbor's need for more retailers to serve local residents and seasonal visitors, this property presents numerous possibilities. Potential uses include retail, office space, restaurant, storage, pharmacy, gym, grocery store, loft, apartment, or mixed-use development. The owner is flexible and seeks a long-term tenant to contribute to the improvement of the downtown district. The location has a walk score of 67, indicating it is somewhat walkable, and a bike score of 46, indicating it is somewhat bikeable.
Key Highlights
- Large Space: 20,919 SF above grade plus 10,000 SF basement provides ample room for various uses.
- Adaptive Use Potential: Open floor plan, high ceilings, and excellent natural light are suitable for retail, office, restaurant, storage, or residential.
- Emerging Downtown Location: Opportunity to be part of Benton Harbor's developing downtown area.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$0.52 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
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
Lease Benchmarks for Benton Harbor, MI
$13.37 /SF/Yr
Avg Asking Price
$3.44–$20 /SF/Yr
Price Range
7,115 SF
Avg Space Size
This space is priced 74% below the average of $13.37 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 20,919 SF space perfect for retail, office, or restaurant.
Where is this retail space located?
The property is located at 195 Michigan Street Benton Harbor, MI.
What is the lease rate?
The lease rate is $6,000/Mo.
What are key features of this property?
This property features: Large Space: 20,919 SF above grade plus 10,000 SF basement provides ample room for various uses.; Adaptive Use Potential: Open floor plan, high ceilings, and excellent natural light are suitable for retail, office, restaurant, storage, or residential.; Emerging Downtown Location: Opportunity to be part of Benton Harbor's developing downtown area.
