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    1355 Mall Dr Benton Harbor, MI 49022

    Sponsored
    For Lease
    $14 SF/Yr ($17,733 /Mo)

    Prime Retail Space, 15,200 SF, I-94 Access

    Lot size:
    15,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 15,200-square-foot retail strip center, located at 1355 Mall Drive in Benton Harbor, Michigan, presents a compelling investment opportunity. Built in 1998, the single-story building sits on a 1.51-acre lot and is zoned for commercial use. Currently, there is one suite available, totaling 2,000 square feet, offering immediate occupancy for a variety of retail or service businesses. The property boasts convenient access from I-94 via exit 29 (Pipestone exit), placing it in a high-traffic area with excellent visibility. The center enjoys a prime location near major retailers including Walmart, Meijer, Lowe's, and Celebration Cinema, as well as several new hotels, ensuring high foot traffic and strong consumer presence. The property is shadow-anchored by Planet Fitness, further enhancing its appeal and attracting a diverse customer base. The property features ample asphalt parking and is meticulously maintained by the landlord, reflecting a commitment to quality and tenant satisfaction. This is a rare opportunity to secure a well-located retail space in a thriving commercial corridor. The property's size, location, and existing infrastructure make it ideal for a variety of businesses seeking a strong presence in Benton Harbor. Berrien County location and 49022 zip code.

    Property Features for 1355 Mall Dr

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,200 SF
    Total Rate
    17733.33

    Building Details

    Year Built
    1998
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 1353
    Size
    2,000 SF
    Rate per SF
    $14

    HighLights

    • 15,200 SF retail strip center in Benton Harbor, MI.
    • One 2,000 SF suite available for immediate occupancy.
    • High‑traffic location near I‑94, Walmart, Meijer, Lowe's, and Celebration Cinema, shadow‑anchored by Planet Fitness.
    Property Profile Location Intelligence

    Current Use by Public Records

    Verizon Electronics Store US Marine Corps ... Military Recruiting Office U.S. Army Recruiting ... Military Recruiting Office

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Benton Harbor
    County
    Berrien
    State
    Michigan
    Longitude
    -86.422784
    Latitude
    42.0798949

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Retail Space, 15,200 SF, I-94 Access
    Where is this neighborhood center located?
    The property is located at 1355 Mall Dr Benton Harbor, MI.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 15,200 SF retail strip center in Benton Harbor, MI.; One 2,000 SF suite available for immediate occupancy.; High-traffic location near I-94, Walmart, Meijer, Lowe's, and Celebration Cinema, shadow-anchored by Planet Fitness.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1355 Mall Dr Benton Harbor, MI 49022
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