Pole Barn
New
For Sale
$139,900
7198 E Beach Dr, South Haven, MI 49090
Standalone storage space is being built with electrical service and interior and exterior lighting.
Property Size936 SF
Lot Size0.22 Acres
Price / SF$149.47
Days on Market3
Property Features for 7198 E Beach Dr
General Information
Standard status
Active
Size
936 SF
Lot size
0.22 Acres
Property subtype
Land
Additional Details
Warehouse Space
936 SF
Property Use
Storage
Building Details
Buildings
1
Building Size
936 SF
Construction
pole barn
Listing Agency:
Five Star Real Estate Whitehall
(231) 733-3080
Listed By:
Janice Allen
(269) 248-5766
Source:
Michiganhomegirl
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 28 at 8:21AM
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 Five Star Real Estate Whitehall
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A standalone pole-barn warehouse is under construction on a 90-by-105-foot parcel. The building measures 26 by 36 feet, with 14-foot sidewalls and an insulated 12-foot overhead door. Planned electrical service and interior and exterior lighting are included. The property has no accompanying residence, and portions of the lot are wooded, with additional area for parking recreational vehicles and equipment.
The site is along Blue Star Highway, just north of South Haven. Membership in the Stairs Association is available, with access to Lake Michigan beach access among its benefits.
The site is along Blue Star Highway, just north of South Haven. Membership in the Stairs Association is available, with access to Lake Michigan beach access among its benefits.
Key Highlights
- 26‑by‑36‑foot pole barn with 14‑foot sidewalls
- Insulated 12‑foot overhead door
- Situated on a 90' x 105' lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,870
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$117,400
$117.4K
Cap Rate 7%
$83,857
$83.9K
Cap Rate 9%
$65,222
$65.2K
Market Conditions
NOI Build-Up for 936 SF
Gross rent
$7.1K $7.56/SF
− Vacancy
−$170 −$0.18/SF
EGI
$6.9K $7.38/SF
− OpEx
−$1.0K −$1.11/SF
NOI
$5.9K $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%
$117,400
Cap Rate 7%
$83,857
Cap Rate 9%
$65,222
Alternative Uses
Best Use
Warehouse
$83.9K
$73.4K – $97.8K
NOI $5,870 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$11.57M
$10.13M – $13.50M
NOI $810,144 @ 7.0% cap · market cap 579.09%
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
24
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
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - Standalone storage space is being built with electrical service and interior and exterior lighting.
Where is this warehouse located?
The property is located at 7198 E Beach Dr South Haven, MI.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: 26‑by‑36‑foot pole barn with 14‑foot sidewalls; Insulated 12‑foot overhead door; Situated on a 90' x 105' lot
