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Property profile & analytics
OFF-MARKET
Medical Office Space
115 Main St, Benton Harbor, MI 49022-3663
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-3370386
Property summary
AI-generated overview
This exceptional 7,278-square-foot executive office space at 115 W Main Street in Benton Harbor, Michigan, presents a compelling investment opportunity. Built in 1960 and extensively renovated in 2015, the property boasts a solid concrete structure and high ceilings, offering significant flexibility for future tenants. Previously used as a Veterans Affairs Community-based Outpatient Clinic, the space features numerous non-load-bearing walls and a suspended ceiling, allowing for easy reconfiguration to suit diverse needs. Situated on a 0.24-acre lot within the 201-Commercial zoned area of downtown Benton Harbor, this single-unit building benefits from a prime location. Its proximity to a soon-to-open new health center and the Whirlpool Corporation further enhances its appeal. The property's strong construction, adaptable layout, and strategic location make it an ideal choice for businesses seeking a prominent presence in a revitalizing downtown area. The asking price is $399,000. All 7,278 square feet are net rentable. Contact us for more details.
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1940
Total area
7,278 SF
Lot
0.22 ac (9,583 SF)
Zoning code
DISTRICT E
APN
54-0340-0149-00-4
UPID
US43-3370386
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Maria S. Cortez, MD Physician
-
Arain Muhammad S MD Physician
-
Dr. Carl H. Zamor, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1115 W Main Street LLC · 1 yrs held
1115 W Main Street LLC
since 2025
3 recorded transactions
Zoning & alternative use
DISTRICT E · Benton Harbor, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Benton Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Benton Harbor submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,535
Tax year 2023
Assessed value
$339,500
Assessed 2024
Previous assessed
$300,800
+12.9% YoY
Effective rate
2.81%
On assessed value
Total market value
$679,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1940
Stories
1
Total area
7,278 SF
Lot
0.22 ac (9,583 SF)
Zoning code
DISTRICT E
APN
54-0340-0149-00-4
UPID
US43-3370386
Jurisdiction
BERRIEN
Zoning & alternative use
DISTRICT E · Benton Harbor, MI
Zoning DISTRICT E · permitted uses
DISTRICT E · Benton Harbor, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Benton Harbor. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1940
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
1115 W Main Street LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3692 N LK PATH, STEVENSVILLE, MI 49127-9761
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2025
$350,000
1115 W Main Street LLC
Landmark Properties Redevelopment L
Warranty Deed
—
Mar 5, 2025
—
Team Lafond Fitness LLC
Landmark Properties Redevelopment L
Deed
related
—
Jul 10, 2023
—
Team Lafond Fitness LLC
Landmark Properties Redevelopment L
Land Contract
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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