Flex Space Building with
For Sale
Contact for pricing
315-323 E Main Street, Benton Harbor, MI 49022
Multi-purpose commercial building with warehouse, retail, service, and training-center use history.
Property Size10,750 SF
Days on Market91
Property Features for 315-323 E Main Street
General Information
Standard status
Active
Size
10,750 SF
Building Details
Buildings
1
Building Size
10,750 SF
Listing Agency:
Jaqua, REALTORS Commercial
(269) 216-4222
Listed By:
Matthew Leighton · License #6501273319
(269) 207-6539
Source:
Corneliusteam
Added: Jul 20
Changed: Oct 4
Last Checked: Oct 16 at 8:39AM
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 Jaqua, REALTORS Commercial
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Investment Insights
Based on property information with market context.
Located at 315-323 E Main Street in Benton Harbor, Michigan, this 10,750-square-foot flex space building includes 7,000 square feet available for occupancy. The property has supported warehouse, retail, service, and training-center functions, providing a broad commercial configuration within one building.
Parking is available along Main Street and in the rear, adding on-site convenience for occupants and visitors. The combination of available space, multiple prior use profiles, and parking in front and behind the building supports a range of commercial operations.
Parking is available along Main Street and in the rear, adding on-site convenience for occupants and visitors. The combination of available space, multiple prior use profiles, and parking in front and behind the building supports a range of commercial operations.
Key Highlights
- 10,750 SF flex space building
- 7,000 SF available
- Prior warehouse, retail, service, and training‑center uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,027
Suggested Prices Based on Cap Rates
Cap Rate 5%
$960,540
$960.5K
Cap Rate 7%
$686,100
$686.1K
Cap Rate 9%
$533,633
$533.6K
Market Conditions
NOI Build-Up for 10,750 SF
Gross rent
$74.8K $6.96/SF
− Vacancy
−$6.2K −$0.58/SF
EGI
$68.6K $6.38/SF
− OpEx
−$20.6K −$1.91/SF
NOI
$48.0K $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%
$960,540
Cap Rate 7%
$686,100
Cap Rate 9%
$533,633
Alternative Uses
Best Use
Retail
$1.59M
$1.39M – $1.86M
NOI $111,595 @ 7.0% cap · market cap 2,789,875.00%
Second Best
Warehouse
$833.1K
$729.0K – $972.0K
NOI $58,318 @ 7.0% cap · market cap 1,457,950.00%
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,346 @ 7.0% cap · market cap 3,958,650.00%
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
448
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
Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- 3D Barbeque — 1101 Broad St, St Joseph, MI 49085
Frequently Asked Questions
What type of property is this?
Flex space - Multi-purpose commercial building with warehouse, retail, service, and training-center use history.
Where is this flex space located?
The property is located at 315-323 E Main Street Benton Harbor, MI.
What are key features of this property?
This property features: 10,750 SF flex space building; 7,000 SF available; Prior warehouse, retail, service, and training‑center uses
