Flex Space with Fenced
For Sale
$425,000
2202 Plaza Drive, Benton Harbor, MI 49022
Commercial Sale, Benton Harbor, MI
Property Size6,000 SF
Lot Size1.00 Acre
Price / SF$88.54
Days on Market100
Property Features for 2202 Plaza Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
light industria
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bathroom 3
Parking
40
Interior features
Broadband
Elementary school district
Benton Harbor
Middle school district
Benton Harbor
High school district
Benton Harbor
Directions
Nickerson or Mall Dr to Plaza Dr
Standard status
Active
APN
11-03-5250-0011-00-8
Size
4,800 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 11 NAPIER INDUSTRIAL PARK
Tax Annual Amount
3458
Legal Description
LOT 11 NAPIER INDUSTRIAL PARK
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1968
Floors in Building
1
Number of units
2
Building materials
Block, Brick, Metal Siding
Listing Agency:
Gold Realty
Listed By:
Michael George Lirones · License #6504302579
(269) 332-8580
Added: Jun 29
Changed: Sep 16
Last Checked: Oct 6 at 1:06AM
MLS# 26032640
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 1968 flex property in Benton Harbor includes 4,800 square feet of warehouse and shop area on a 1-acre parcel. The improvements feature a 10-by-10-foot overhead door, a fenced outdoor storage yard, and parking for more than 30 vehicles. Block, brick, and metal siding construction is complemented by forced-air heat, central air, broadband, and cable availability.
The property is situated along Plaza Drive in a commercial corridor with access to I-94. Light Industrial zoning supports the property's warehouse and shop configuration, while the combination of enclosed work area, exterior storage, and vehicle capacity provides a practical setup for commercial operations.
The property is situated along Plaza Drive in a commercial corridor with access to I-94. Light Industrial zoning supports the property's warehouse and shop configuration, while the combination of enclosed work area, exterior storage, and vehicle capacity provides a practical setup for commercial operations.
Key Highlights
- 4,800‑square‑foot warehouse and shop area
- 1‑acre parcel with a fenced storage yard
- 10‑by‑10‑foot overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,040
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,800
$520.8K
Cap Rate 7%
$372,000
$372.0K
Cap Rate 9%
$289,333
$289.3K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$33.4K $6.96/SF
− Vacancy
−$2.8K −$0.58/SF
EGI
$30.6K $6.38/SF
− OpEx
−$4.6K −$0.96/SF
NOI
$26.0K $5.42/SF
Area
Berrien County, MI
Vacancy
8.30%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,800
Cap Rate 7%
$372,000
Cap Rate 9%
$289,333
Alternative Uses
Best Use
Warehouse
$372.0K
$325.5K – $434.0K
NOI $26,040 @ 7.0% cap · market cap 6.13%
Second Best
Flex RnD
$343.3K
$300.4K – $400.6K
NOI $24,033 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$1.01M
$883.8K – $1.18M
NOI $70,703 @ 7.0% cap · market cap 16.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
Balanced
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 Industrial in Midwest region
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Similar Off Market Nearby
- CK Catering — 2430 Plaza Dr, Benton Harbor, MI 49022
- Drunken Grill & Kitchen — 1800 Pipestone Rd, Benton Harbor, MI 49022
Frequently Asked Questions
What type of property is this?
Flex space - Light-industrial space combines warehouse functionality, vehicle parking, and access to the I-94 transportation corridor.
Where is this flex space located?
The property is located at 2202 Plaza Drive Benton Harbor, MI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 4,800‑square‑foot warehouse and shop area; 1‑acre parcel with a fenced storage yard; 10‑by‑10‑foot overhead door
