Restaurant/Event Property with Commercial
952 Pipestone Street Benton Harbor, MI 49022
New
952 Pipestone Street, Benton Harbor, MI, 49022
$80,000
For Sale
$80,000
COMMERCIAL - Benton Harbor, MI
Property Size1,420 SF
Lot Size0.14 Acres
Price / SF$56.34
Days on Market2
Property Features for 952 Pipestone Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 1
- Rooms
- Bathroom 1, Basement
- 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
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
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
2550 W John Beers, Stevensville, MI
Listed by
Josh Frazee
(269) 757-2769
Added: Jul 16 Checked: Jul 17 at 2:06 am
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 for-sale restaurant and event property includes a full commercial kitchen and flexible open space. The offering also includes an extra lot intended to support parking, expansion, or outdoor event use. The total property size is 1,420 square feet on a 0.14-acre lot.
The property is located at 952 Pipestone Street in Benton Harbor, Michigan, and is described as being steps from the redevelopment of the former hospital site.
The layout is positioned for food service and gatherings, supported by the on-site commercial kitchen and the available open area for configurable events.
The property is located at 952 Pipestone Street in Benton Harbor, Michigan, and is described as being steps from the redevelopment of the former hospital site.
The layout is positioned for food service and gatherings, supported by the on-site commercial kitchen and the available open area for configurable events.
Key Highlights
- Built in 1930 with metal siding and a composition roof
- Forced‑air heating system
- Full commercial kitchen included
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $9.9k | $6.96 |
| − Vacancy | −$820 | −$0.58 |
| EGI | $9.1k | $6.38 |
| − OpEx | −$2.7k | −$1.91 |
| NOI | $6.3k | $4.47 |
1,420 SF · lease $6.96/SF/yr · vacancy 8.30% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
E & E Services
Travel Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - For sale restaurant and event property with a full commercial kitchen, open space, and an included extra lot.
Where is this conventional restaurant 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: Built in 1930 with metal siding and a composition roof; Forced‑air heating system; Full commercial kitchen included
