1015 E Napier Ave Benton Harbor, MI 49022
For Sale
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This 4,630 square foot storefront, located at 1015 E Napier Ave in Benton Harbor, Michigan (49022), presents a compelling investment opportunity. Built in 1977 and renovated in 1984, this property sits on a 0.35-acre lot (APN: 11-03-0029-0025-05-1) and boasts 4,024 square feet of net rentable space. The asking price is $299,900, translating to $64.77 per square foot. This location enjoys exceptional visibility and high traffic counts exceeding 12,000 vehicles daily, situated directly across from a major shopping center anchored by several large national retailers. A national fast-food chain opened next door within the past year. The property has a long and successful history as a dry cleaning establishment for over 40 years, with existing equipment included in the sale (buyer to verify condition). Note that one piece of equipment (a Milnor washer) may be sold separately. This versatile space is suitable for a wide range of business uses, making it an attractive prospect for savvy investors seeking a prime retail location in a high-traffic area. A comparable property in the immediate vicinity sold for $1,050,000 in 2022, highlighting the significant value proposition of this offering.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
D1 COMM · Benton Harbor, MIBenton Harbor. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.