641 S Crystal Avenue, Benton Harbor, MI 49022
COMMERCIAL - Benton Harbor, MI
Property Features for 641 S Crystal Avenue
General Information
Taxes and HOA fees
Utilities
Building Details
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Investment Insights
Based on property information with market context.
The production facility is located at 641 N Crystal Avenue in Benton Harbor, Michigan, on approximately 3 acres. The off-premise tasting room is located in downtown St. Joseph, Michigan. The remarks note it is known for beaches and is about 90 miles from Chicago, and that the tasting room is in a Michigan Social District area.
For buyers or operators, this configuration supports a combined production and brand presentation model, with the tasting room ready to operate as described in the remarks and supported by the included proprietary rights. The package is positioned as a business and real estate combination sale, including the business name, trademark, logo, and other proprietary rights, along with the related tasting room assets. The seller also references an additional listing (MLS #26029690) for tasting room assets only, as part of the broader brand expansion materials.
Key Highlights
- Newly remodeled 2,000 SF off‑premise tasting room, ready for immediate business
- Tasting room lease in place until 12/31/31 with opportunity for renewal for an additional 10 years
- Approximately 6,400 SF commercial building included for blending, finishing, and production of wine, cider, and spirits
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.5k | $6.96 |
| − Vacancy | −$3.7k | −$0.58 |
| EGI | $40.8k | $6.38 |
| − OpEx | −$12.2k | −$1.91 |
| NOI | $28.6k | $4.47 |
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Demographics for 49022, MI
Market
Vacancy Rate% for Industrial in Midwest region