Barn-Style Storage
New
For Sale
$129,900
7199 Atlantic Ave, South Haven, MI 49090
Electrical service and open interior space support storage, workshop, or hobby use.
Property Size768 SF
Price / SF$169.14
Days on Market3
Property Features for 7199 Atlantic Ave
General Information
Standard status
Active
Size
768 SF
Property subtype
Land
Additional Details
Outdoor Storage
Yes
Property Use
Storage
Building Details
Building Size
768 SF
Listing Agency:
Exp Realty, LLC
(888) 501-7085
Listed By:
Cornerstone Real Estate
(734) 316-5886
Source:
Cornerstonemi
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 28 at 7:27AM
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 Exp Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse is a custom barn measuring 24' x 32', with an overhang, cupola, and electrical service. Its interior can accommodate storage, hobbies, or workshop activity. The surrounding property also provides space for boats, RVs, trailers, and vehicles.
The property is near Lake Michigan along the Lakeshore Corridor. Optional eligibility to join the stairs association may provide access to the lake; joining is not required.
The property is near Lake Michigan along the Lakeshore Corridor. Optional eligibility to join the stairs association may provide access to the lake; joining is not required.
Key Highlights
- 24' x 32' barn with an overhang and cupola
- Electrical service
- Interior space suited to storage, hobbies, or workshop use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,817
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$96,340
$96.3K
Cap Rate 7%
$68,814
$68.8K
Cap Rate 9%
$53,522
$53.5K
Market Conditions
NOI Build-Up for 768 SF
Gross rent
$5.8K $7.56/SF
− Vacancy
−$139 −$0.18/SF
EGI
$5.7K $7.38/SF
− OpEx
−$850 −$1.11/SF
NOI
$4.8K $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%
$96,340
Cap Rate 7%
$68,814
Cap Rate 9%
$53,522
Alternative Uses
Best Use
Warehouse
$68.8K
$60.2K – $80.3K
NOI $4,817 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$9.50M
$8.31M – $11.08M
NOI $664,733 @ 7.0% cap · market cap 511.73%
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
17
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 - Electrical service and open interior space support storage, workshop, or hobby use.
Where is this warehouse located?
The property is located at 7199 Atlantic Ave South Haven, MI.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: 24' x 32' barn with an overhang and cupola; Electrical service; Interior space suited to storage, hobbies, or workshop use
