Office
For Sale
$269,000
2300 Pipestone Road, Benton Harbor, MI 49022
Central air and natural gas forced-air heating serve this Benton Harbor office property.
Property Size1,830 SF
Days on Market56
Property Features for 2300 Pipestone Road
General Information
Standard status
Active
Size
1,830 SF
Amenities
Central Air
Natural Gas, Forced Air
Building Details
Building Size
1,830 SF
Year Built
1988
Buildings
1
Stories
1
Listing Agency:
Realty Executives Pro Brokers
Listed By:
Jill Golden · License #6501424803
(269) 208-8996
Source:
Evrealestate
Added: Aug 12
Changed: Oct 4
Last Checked: Oct 5 at 5:36PM
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 Realty Executives Pro Brokers
Investment Insights
Based on property information with market context.
Built in 1988, this office property is equipped with central air and natural gas, forced-air heating.
The property is at 2300 Pipestone Road in Benton Harbor. From eastbound I-94, exit at Pipestone Road and travel south; the property is on the right.
The property is at 2300 Pipestone Road in Benton Harbor. From eastbound I-94, exit at Pipestone Road and travel south; the property is on the right.
Key Highlights
- Office property built in 1988
- Central air conditioning
- Natural gas, forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,160
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,200
$403.2K
Cap Rate 7%
$288,000
$288.0K
Cap Rate 9%
$224,000
$224.0K
Market Conditions
NOI Build-Up for 1,830 SF
Gross rent
$31.2K $17.04/SF
− Vacancy
−$4.3K −$2.35/SF
EGI
$26.9K $14.69/SF
− OpEx
−$6.7K −$3.67/SF
NOI
$20.2K $11.02/SF
Area
Berrien County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,200
Cap Rate 7%
$288,000
Cap Rate 9%
$224,000
Alternative Uses
Best Use
Office B
$288.0K
$252.0K – $336.0K
NOI $20,160 @ 7.0% cap · market cap 7.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$385.1K
$337.0K – $449.3K
NOI $26,956 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
280
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Central air and natural gas forced-air heating serve this Benton Harbor office property.
Where is this office building located?
The property is located at 2300 Pipestone Road Benton Harbor, MI.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Office property built in 1988; Central air conditioning; Natural gas, forced‑air heating
