Flex Space With
For Sale
$899,000
2188 Michigan Unit 139, Benton Harbor, MI 49022
Built in 2005, the property combines office, warehouse, loading, and storage functions.
Property Size17,834 SF
Price / SF$50.41
Days on Market73
Property Features for 2188 Michigan Unit 139
General Information
Standard status
Active
Size
17,834 SF
Property subtype
Commercial
Building Details
Year Built
2005
Listing Agency:
The Shore Real Estate Group
Listed By:
Cheyenne Chernugel · License #6501452055
(269) 252-6595
Source:
Vmrealestatemichigan
Added: Aug 18
Changed: Oct 25
Last Checked: Oct 28 at 8:54AM
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 The Shore Real Estate Group
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Investment Insights
Based on property information with market context.
Built in 2005, this flex property brings together private offices, conference rooms, a showroom, and two warehouse areas within one commercial facility. The layout also includes a kitchen, 3 bathrooms, a laundry and shower room, and a dedicated loading dock for shipping and receiving. Three-phase power supports commercial operations, while 11 gated storage units are positioned at the rear of the property.
The building fronts the M-139 corridor in Benton Charter Township, Michigan. Its mix of office, display, warehouse, loading, and secured storage components accommodates a range of business operations within a single location.
The building fronts the M-139 corridor in Benton Charter Township, Michigan. Its mix of office, display, warehouse, loading, and secured storage components accommodates a range of business operations within a single location.
Key Highlights
- 20,000+ square feet of flexible commercial space
- 7+ private office spaces and 2+ conference rooms
- Large showroom plus 2 substantial 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
Retail
$2.64M
$2.31M – $3.09M
NOI $185,133 @ 7.0% cap · market cap 20.59%
Second Best
Warehouse
$1.38M
$1.21M – $1.61M
NOI $96,749 @ 7.0% cap · market cap 10.76%
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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
453
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 Industrial in Midwest region
Similar Off Market Nearby
- Catering With the Jones — 635 Buena Vista Rd, Benton Harbor, MI 49022
Frequently Asked Questions
What type of property is this?
Flex space - Built in 2005, the property combines office, warehouse, loading, and storage functions.
Where is this flex space located?
The property is located at 2188 Michigan Unit 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: 20,000+ square feet of flexible commercial space; 7+ private office spaces and 2+ conference rooms; Large showroom plus 2 substantial warehouse areas
