Licensed Beverage Production
For Sale
$695,000
641 S Crystal Avenue, Benton Harbor, MI 49022
The Benton Township facility supports wine, cider, and spirits production under Michigan small winery and small distillery licenses.
Property Size6,396 SF
Lot Size3.00 Acres
Price / SF$108.66
Days on Market11
Property Features for 641 S Crystal Avenue
General Information
Standard status
Active
Size
6,396 SF
Lot size
3.00 Acres
Additional Details
Business Included
Yes
Currently Operating
Yes
Property Use
Wine, Cider, and Spirits Production
Taxes and HOA fees
Annual Taxes
$3,627
Amenities
true
1
4428
Licenses, Inventory, Equipment
Well
3
195.9x680.4
false
6396
Building Details
Building Size
6,396 SF
Year Built
1910
Buildings
1
Stories
4428
Listing Agency:
Realty Executives Instant Equity
(269) 983-7721
Listed By:
Jill Golden · License #6501424803
(269) 208-8996
Source:
Danhendrick.clydehendrickrealtors
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 4:03PM
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 Instant Equity
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Investment Insights
Based on property information with market context.
Set on 3 acres in Benton Township, this 1910 commercial building is used for blending, finishing, and producing wine, cider, and spirits. The property holds Michigan small winery and small distillery licenses and includes a well. The sale also includes equipment, inventory, and business assets, including the name, trademark, logo, and other proprietary rights.
The offering includes a lease takeover for an off-premise tasting room in downtown St. Joseph. Its current lease runs through 12/31/31, with an option to renew for an additional 10 years. The tasting room is in a Michigan Social District area, and the sale includes its custom tasting bar, tables, and other business assets.
The offering includes a lease takeover for an off-premise tasting room in downtown St. Joseph. Its current lease runs through 12/31/31, with an option to renew for an additional 10 years. The tasting room is in a Michigan Social District area, and the sale includes its custom tasting bar, tables, and other business assets.
Key Highlights
- 3‑acre property in Benton Township
- Commercial building used for wine, cider, and spirits production
- Michigan small winery and small distillery licenses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,575
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,500
$571.5K
Cap Rate 7%
$408,214
$408.2K
Cap Rate 9%
$317,500
$317.5K
Market Conditions
NOI Build-Up for 6,396 SF
Gross rent
$44.5K $6.96/SF
− Vacancy
−$3.7K −$0.58/SF
EGI
$40.8K $6.38/SF
− OpEx
−$12.2K −$1.91/SF
NOI
$28.6K $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%
$571,500
Cap Rate 7%
$408,214
Cap Rate 9%
$317,500
Alternative Uses
Best Use
Retail
$948.5K
$830.0K – $1.11M
NOI $66,396 @ 7.0% cap · market cap 9.55%
Second Best
Industrial
$408.2K
$357.2K – $476.3K
NOI $28,575 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,212 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
69
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - The Benton Township facility supports wine, cider, and spirits production under Michigan small winery and small distillery licenses.
Where is this manufacturing property located?
The property is located at 641 S Crystal Avenue Benton Harbor, MI.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 3‑acre property in Benton Township; Commercial building used for wine, cider, and spirits production; Michigan small winery and small distillery licenses
