Commercial Kitchen with Open
New
For Sale
$80,000
952 Pipestone Street, Benton Harbor, MI 49022
A full commercial kitchen is paired with flexible open space and an additional lot.
Property Size1,420 SF
Price / SF$56.34
Days on Market2
Property Features for 952 Pipestone Street
General Information
Standard status
Active
Size
1,420 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,056
Amenities
full commercial kitchen
Building Details
Building Size
1,420 SF
Year Built
1930
Buildings
1
Stories
1
Units
1
Listing Agency:
The Shore Real Estate Group
(269) 921-7261
Listed By:
Josh Frazee
(269) 757-2769
Source:
Alleyrealestatesales
Added: Nov 2
Changed: Nov 3
Last Checked: Nov 3 at 5:59AM
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 The Shore Real Estate Group
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Investment Insights
Based on property information with market context.
The 1930-built commercial property includes a full commercial kitchen, flexible open space, and an additional lot. Its configuration supports food-service and event-related uses described for the property.
Located at 952 Pipestone Street in Benton Harbor, the property is near the redevelopment of the former hospital site.
Located at 952 Pipestone Street in Benton Harbor, the property is near the redevelopment of the former hospital site.
Key Highlights
- Full commercial kitchen
- Flexible open space
- Additional lot included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,344
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$126,880
$126.9K
Cap Rate 7%
$90,629
$90.6K
Cap Rate 9%
$70,489
$70.5K
Market Conditions
NOI Build-Up for 1,420 SF
Gross rent
$9.9K $6.96/SF
− Vacancy
−$820 −$0.58/SF
EGI
$9.1K $6.38/SF
− OpEx
−$2.7K −$1.91/SF
NOI
$6.3K $4.47/SF
Area
Berrien County, MI
Vacancy
8.30%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$126,880
Cap Rate 7%
$90,629
Cap Rate 9%
$70,489
Alternative Uses
Best Use
Specialty Retail
$225.6K
$197.4K – $263.2K
NOI $15,794 @ 7.0% cap · market cap 19.74%
Second Best
Industrial
$90.6K
$79.3K – $105.7K
NOI $6,344 @ 7.0% cap · market cap 7.93%
Theoretical Best
Office A
$298.8K
$261.5K – $348.6K
NOI $20,916 @ 7.0% cap · market cap 26.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Explore this area
Business Placement
Demographics for 49022, MI
30,143
Population
14,484
Households
2.1
Avg Household Size
39
Median Age
18%
College-Educated
85%
High-School Grad
67.3 sq mi
ZIP Area
448
Density / Sq Mi
$39,859
Median Household Income
$29,530
Median Earnings
$797
Median Rent
$140,500
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Commercial kitchen - A full commercial kitchen is paired with flexible open space and an additional lot.
Where is this commercial kitchen located?
The property is located at 952 Pipestone Street Benton Harbor, MI.
What is the asking price?
The asking price for this property is $80,000.
What are key features of this property?
This property features: Full commercial kitchen; Flexible open space; Additional lot included
