Warehouse Condo With
New
For Sale
$399,000
71057 Co Rd 388, South Haven, MI 49090
Commercial Sale, South Haven, MI
Property Size3,100 SF
Price / SF$128.71
Days on Market2
Property Features for 71057 Co Rd 388
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
COMMERCIAL
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
South Haven
Middle school district
South Haven
High school district
South Haven
Directions
PHOENIX ST EAST TO ADDRESS ON SOUTH SIDE OF STREET. TALL BUIILDINGS IN THE BACK.
Standard status
Active
APN
80-17-189-027-00, 80-17-189-028-00
Size
3,100 SF
Taxes and HOA fees
Tax Year
2026
Tax Description
UNITS 27 & 28 PHOENIX BUSINESS COMPLEX CONDOMINIUMS TOGETHER WITH RIGHTS IN THE COMMON ELEMENTS AS DESCRIBED IN THE MAST
Tax Annual Amount
2790
Legal Description
UNITS 27 & 28 PHOENIX BUSINESS COMPLEX CONDOMINIUMS TOGETHER WITH RIGHTS IN THE COMMON ELEMENTS AS DESCRIBED IN THE MAST
Utilities
Heating system
Forced Air
Building Details
Year built
2007
Floors in Building
2
Number of units
1
Building materials
Metal Siding
Roof type
Composition
Listing Agency:
Greenridge Realty South Haven
(269) 637-8555
Listed By:
Stephen M Earls
(616) 291-0711
Added: Oct 18
Changed: Oct 19
Last Checked: Oct 19 at 8:06PM
MLS# 26055583
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.
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Investment Insights
Based on property information with market context.
This warehouse condominium offers 3,100 square feet of interior space, with a finished loft, full bathroom, and kitchenette equipped with a refrigerator/freezer and microwave. Two insulated overhead doors, each 14' x 14', and two 36-inch entry doors provide access. Interior features include an epoxy-finished main floor, utility sink, hot and cold water, floor drains, and a 40-gallon water heater.
Built in 2007, the unit has metal siding and forced-air heat from two 60,000 BTU natural gas furnaces. The condominium construction includes 2x6 framing, R-22 insulated walls, R-44 insulated ceilings, and 5/8-inch drywall. City water and sewer service are included through the association, along with exterior maintenance.
Built in 2007, the unit has metal siding and forced-air heat from two 60,000 BTU natural gas furnaces. The condominium construction includes 2x6 framing, R-22 insulated walls, R-44 insulated ceilings, and 5/8-inch drywall. City water and sewer service are included through the association, along with exterior maintenance.
Key Highlights
- 3,100‑square‑foot warehouse condominium with a finished loft
- Two insulated 14' x 14' overhead doors and two 36" entry doors
- Two 60,000 BTU natural gas furnaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,443
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,860
$388.9K
Cap Rate 7%
$277,757
$277.8K
Cap Rate 9%
$216,033
$216.0K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$23.4K $7.56/SF
− Vacancy
−$562 −$0.18/SF
EGI
$22.9K $7.38/SF
− OpEx
−$3.4K −$1.11/SF
NOI
$19.4K $6.27/SF
Area
Van Buren County, MI
Vacancy
2.40%
Lease Rate
$7.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,860
Cap Rate 7%
$277,757
Cap Rate 9%
$216,033
Alternative Uses
Best Use
Warehouse
$277.8K
$243.0K – $324.1K
NOI $19,443 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$38.33M
$33.54M – $44.72M
NOI $2,683,168 @ 7.0% cap · market cap 672.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49090, MI
13,286
Population
8,904
Households
1.5
Avg Household Size
49
Median Age
31%
College-Educated
89%
High-School Grad
78.3 sq mi
ZIP Area
170
Density / Sq Mi
$64,643
Median Household Income
$40,067
Median Earnings
$914
Median Rent
$251,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- South Haven Self Storage — 71057 Co Rd 388, South Haven, MI 49090
- Phoenix Business Complex — 71057 Co Rd 388, South Haven, MI 49090
Frequently Asked Questions
What type of property is this?
Warehouse - A finished loft, full bath, and kitchenette complement the main storage area.
Where is this warehouse located?
The property is located at 71057 Co Rd 388 South Haven, MI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 3,100‑square‑foot warehouse condominium with a finished loft; Two insulated 14' x 14' overhead doors and two 36" entry doors; Two 60,000 BTU natural gas furnaces
