Freestanding Commercial Kitchen
For Sale
$80,000
952 Pipestone Street, Benton Harbor, MI 49022
Commercial Sale, Benton Harbor, MI
Property Size1,420 SF
Lot Size0.14 Acres
Price / SF$56.34
Days on Market92
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Property Features for 952 Pipestone Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Basement, Bathroom 1
Subdivision
Columbus Add To City Of Benton Harbor
Elementary school district
Benton Harbor
Middle school district
Benton Harbor
High school district
Benton Harbor
Directions
M139 to Empire, turn west onto Empire then south onto Pipestone
Standard status
Active
APN
11-53-1300-0008-00-3 & 11-53-1300-0007-00-7
Size
1,420 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LOT 8 BLK 1 COLUMBUS ADD TO CITY OF BENTON HARBOR SEE 1 1-53-9975-0226-00-4
Tax Annual Amount
1056
Legal Description
LOT 8 BLK 1 COLUMBUS ADD TO CITY OF BENTON HARBOR SEE 1 1-53-9975-0226-00-4
Utilities
Utilities
Cable Available
Heating system
Forced Air
Amenities
full commercial kitchen
flexible open space
Building Details
Year built
1930
Floors in Building
1
Number of units
1
Building materials
Metal Siding
Roof type
Composition
Listing Agency:
The Shore Real Estate Group
(269) 921-7261
Listed By:
Josh Frazee · License #6506049708
(269) 757-2769
Added: Jul 16
Changed: Oct 8
Last Checked: Oct 15 at 1:06PM
MLS# 26036523
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,420-square-foot commercial kitchen property in Benton Harbor includes a full commercial kitchen, flexible open space, one bathroom, and a basement. The building was constructed in 1930 with metal siding, a composition roof, and forced-air heating. Cable is available at the property.
The offering also includes an additional lot, providing outdoor space associated with the property. The existing configuration supports consideration for restaurant, catering, event, wedding, corporate gathering, and pop-up uses, subject to applicable approvals. Located at 952 Pipestone Street in Benton Harbor, the property is positioned within the 49022 ZIP Code.
The offering also includes an additional lot, providing outdoor space associated with the property. The existing configuration supports consideration for restaurant, catering, event, wedding, corporate gathering, and pop-up uses, subject to applicable approvals. Located at 952 Pipestone Street in Benton Harbor, the property is positioned within the 49022 ZIP Code.
Key Highlights
- 1,420‑square‑foot commercial kitchen property
- Full commercial kitchen with flexible open space
- Additional lot included with the property
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Commercial kitchen - Benton Harbor facility with a full commercial kitchen, open-area layout, and an additional lot for parking or outdoor use.
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: 1,420‑square‑foot commercial kitchen property; Full commercial kitchen with flexible open space; Additional lot included with the property
