1830 Pipestone RdBenton Harbor, MI 49022

For Sale
$1,600,000

8,500 SF Vacant Restaurant, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
92
This 8,500 square foot vacant restaurant building in Benton Harbor, Michigan, presents a unique owner-user or redevelopment opportunity. Situated on a 1.93-acre lot with 129 parking spaces, the property boasts a prime location on Pipestone Road, a major retail thoroughfare with an average daily traffic count of 9,300 vehicles. Its proximity to Interstate 94 (63,700 VPD) and a concentration of national retailers, including Fairplain Plaza (352,000 sq ft) and Pipestone Plaza (177,000 sq ft), ensures high visibility and accessibility. The property is zoned Commercial (D-1), allowing for a variety of commercial uses. Recent development in the area, including new Chick-fil-A and Starbucks locations, indicates a growing market. The 5-mile trade area has a population exceeding 48,500 with an average household income of $90,161, further enhanced by seasonal tourism. The property's existing restaurant infrastructure offers significant cost savings for potential users or developers, estimated at $1,000,000 in shell construction costs. The area's economic growth is further supported by the potential development of a new $3 billion data center, creating hundreds of jobs. This fee simple ownership (land and building) is offered at $1,600,000 ($188.24/sq ft). The property's APN is 03-7400-0004-01-7. Built in 1990, this asset is ideally positioned to capitalize on the thriving retail environment and strong demographics of Benton Harbor.

Highlights

  • Commercial zoning allows for diverse business uses.
  • High traffic counts: Pipestone Road (9,300 VPD) and Interstate 94 (63,700 VPD).
  • Excellent co-tenancy with new Chick-fil-A and Starbucks in a limited casual dining area.
  • Part of a major retail district including Fairplain Plaza (352,000 SF) and Pipestone Plaza (177,000 SF), with nearby grocery stores.
  • Strong demographics within a 5-mile radius, supported by major employers, nearby hotels, and cost-effective restaurant operations, plus a new data center.

Property Details for 1830 Pipestone Rd

Property type
Other retail properties, Restaurants
Square Feet
8,500 SF
Year Built
1990
Lot Size (sq. ft)
84,071 SF

Location Insight

City
Benton Harbor
County
Berrien
State
Michigan
Latitude
42.0854233
Longitude
-86.4202307
1830 Pipestone Rd, Benton Harbor, Michigan

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1830 Pipestone Rd
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