Flex Space with
For Sale
$899,000
2188 Michigan 139, Benton Harbor, MI 49022
Commercial Sale, Benton Harbor, MI
Property Size20,000 SF
Lot Size1.65 Acres
Price / SF$50.41
Days on Market50
Property Features for 2188 Michigan 139
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bathroom 3
Parking
65
Interior features
Broadband
Elementary school district
Benton Harbor
Middle school district
Benton Harbor
High school district
Benton Harbor
Standard status
Active
APN
110300310041016
Size
17,834 SF
Lot size
1.65 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COM 495'S OF E1/4 PST OF SEC 31 T4S R18W TH S 165'TH W 435.3'TH N 165' TH E 435.3'TO BEG
Tax Annual Amount
22147
Legal Description
COM 495'S OF E1/4 PST OF SEC 31 T4S R18W TH S 165'TH W 435.3'TH N 165' TH E 435.3'TO BEG
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
loading dock
kitchen
3 bathrooms
laundry and shower room
gated storage units
Building Details
Year built
2005
Floors in Building
2
Number of units
2
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
The Shore Real Estate Group
(269) 921-7261
Listed By:
Cheyenne Chernugel · License #6501452055
(269) 252-6595
Added: Aug 18
Changed: Sep 17
Last Checked: Oct 6 at 2:06AM
MLS# 26043328
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex-space property was built in 2005 on 1.65 acres and combines office, showroom, warehouse, and storage functions within a single commercial facility. The interior includes 7+ private offices, 2+ conference rooms, a large showroom, and 2 warehouse areas. A kitchen, 3 bathrooms, laundry and shower room, dedicated loading dock, central air, forced-air heating, and broadband service support day-to-day operations. Metal siding and a metal roof complete the building exterior.
Located at 2188 Michigan 139 in Benton Harbor, the property fronts the M-139 corridor and includes 11 gated storage units at the rear. The site is identified by postal code 49022 in Berrien County, Michigan. Its combination of customer-facing, administrative, warehouse, loading, and secured storage areas accommodates a range of commercial functions within one property.
Located at 2188 Michigan 139 in Benton Harbor, the property fronts the M-139 corridor and includes 11 gated storage units at the rear. The site is identified by postal code 49022 in Berrien County, Michigan. Its combination of customer-facing, administrative, warehouse, loading, and secured storage areas accommodates a range of commercial functions within one property.
Key Highlights
- 1.65‑acre commercial site along the M‑139 corridor
- 7+ private offices and 2+ conference rooms
- Large showroom paired with 2 warehouse areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,676
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,593,520
$1.6M
Cap Rate 7%
$1,138,229
$1.1M
Cap Rate 9%
$885,289
$885.3K
Market Conditions
NOI Build-Up for 17,834 SF
Gross rent
$124.1K $6.96/SF
− Vacancy
−$10.3K −$0.58/SF
EGI
$113.8K $6.38/SF
− OpEx
−$34.1K −$1.91/SF
NOI
$79.7K $4.47/SF
Area
Berrien County, MI
Vacancy
8.30%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,593,520
Cap Rate 7%
$1,138,229
Cap Rate 9%
$885,289
Alternative Uses
Best Use
Office B
$2.81M
$2.46M – $3.27M
NOI $196,466 @ 7.0% cap · market cap 21.85%
Second Best
Retail
$2.64M
$2.31M – $3.09M
NOI $185,133 @ 7.0% cap · market cap 20.59%
Theoretical Best
Office A
$3.75M
$3.28M – $4.38M
NOI $262,692 @ 7.0% cap · market cap 29.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Dock-high doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
388
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Built in 2005 with warehouse areas, private offices, loading access, and secured rear storage units.
Where is this flex space located?
The property is located at 2188 Michigan 139 Benton Harbor, MI.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 1.65‑acre commercial site along the M‑139 corridor; 7+ private offices and 2+ conference rooms; Large showroom paired with 2 warehouse areas
