Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1201 Benton Ctr Rd Benton Harbor, MI 49022-9754
    Back to Search
    Property profile & analytics

    1201 Benton Ctr Rd, Benton Harbor, MI 49022-9754

    View on Map
    • Golf courses & driving ranges
    • 5,753 SF
    Off-Market
    Property ID
    US43-4194464
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Heartland Agricultural Services / Real Estate Agency
    • 12 Corners Vineyards / Brewery & Distillery / Specialty Food Shop

    Property Details for 1201 Benton Ctr Rd

    Year built
    2012
    Property type
    Golf courses & driving ranges
    APN
    03-9888-0024-00-0
    APU
    398880024000

    Description

    This exceptional 115-acre property in Benton Harbor, Michigan, presents a unique investment opportunity priced at $3,500,000. The estate includes an existing 11,181 square-foot building and a thriving vineyard currently producing high-quality grapes for winemaking. This turnkey operation offers immediate revenue potential for established vintners or aspiring entrepreneurs. The expansive acreage allows for significant expansion of the existing winery or diversification into other agricultural pursuits, such as farming additional crops. The property's strategic location near the interstate ensures excellent accessibility and visibility, beneficial for any business. Benton Harbor offers a vibrant community with parks, recreational facilities, shopping, dining, and cultural attractions, including Lake Michigan's beaches. This versatile property is ideal for those seeking to continue a winemaking legacy, explore new ventures, or create a peaceful retreat. The property's combination of established business, ample land, and convenient location provides a compelling investment opportunity with significant upside potential. The 11,181 square foot building provides ample space for operations and potential expansion. The property is located at 1201 N Benton Center Rd, Benton Harbor, MI 49022.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Benton Harbor
    County
    Berrien
    State
    Michigan
    Longitude
    -86.3761
    Latitude
    42.096
    CBSA code
    35660
    CBSA name
    NILES-BENTON HARBOR, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $31,992
    $0.00
    $0.00
    $924,900
    -
    $0.00
    $0.00
    $1,849,800

    Comparable in this City

    • Value Estimation by Request
      4,072 SF

      1352 Colfax Ave

      AUDITORIUM
      1352 Colfax Ave, Benton Harbor, MI 49022-5912
      View Details
    • Value Estimation by Request
      13,608 SF

      148 Main St

      THEATER (MOVIE)
      148 Main St, Benton Harbor, MI 49022-3608
      View Details
    • Value Estimation by Request
      1,480 SF

      433 Pipestone St

      AUDITORIUM
      433 Pipestone St, Benton Harbor, MI 49022-4648
      View Details
    • Value Estimation by Request
      46,584 SF

      1468 Cinema Way

      THEATER (MOVIE)
      1468 Cinema Way, Benton Harbor, MI 49022-2394
      View Details
    • Value Estimation by Request
      6,700 SF

      259 Territorial Rd

      ARCADES (AMUSEMENT)
      259 Territorial Rd, Benton Harbor, MI 49022-3435
      View Details
    • Value Estimation by Request
      6.92 Acres

      2872 Pipestone St

      Land
      2872 Pipestone St, Benton Harbor, MI 49022
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,160 SF

      Updated Commercial Building, Central Location

      Updated commercial building in St. Joseph/Benton Harbor region.
      1240 Pipestone Rd, Benton Harbor, MI 49022
      View Details
    • Contact for pricing

      Commercial Auto Shop on M-139

      5,000 SF auto shop with 5 overhead doors on M-139.
      1605 Michigan 139, Benton Harbor, MI 49022
      View Details
    • $390,000

      Spacious Commercial Space with Parking

      Remodeled commercial space with parking in Benton Harbor.
      931 E Main St, Benton Harbor, MI 49022
      View Details
    • Contact for pricing

      Commercial Land in Benton Township

      Commercially zoned land with income-generating billboard in Benton Township.
      1175 E Napier Ave, Benton Harbor, MI 49022
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      10,390 SF

      Napier Avenue Commercial Space

      Showroom, office, and storage space available for lease.
      1126 E Napier Ave, Benton Harbor, MI 49022
      View Details
    • $7 SF/Yr
      5,000 SF

      Napier Avenue Commercial Rental Property

      5,000 sq ft commercial space on Napier Avenue.
      130 W Napier Ave, Benton Harbor, MI 49022
      View Details
    • Contact for pricing
      90,000 SF

      New Manufacturing/Warehouse Facility Available

      New industrial space for lease, near major transportation routes.
      1180 N Crystal Ave, Benton Harbor, MI 49022
      View Details
    • $5 SF/Yr

      Medical Center For Lease

      Healthcare space offered for lease, positioned for medical operators seeking a dedicated facility in Benton Harbor.
      1126 E Napier Ave, Benton Harbor, MI 49022
      View Details
    • $6,000 /Mo
      20,919 SF

      Mixed-Use Property in Downtown Benton

      Adaptable mixed-use property in Benton Harbor's emerging downtown district.
      195 Michigan St, Benton Harbor, MI 49022
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1201 Benton Ctr Rd
    Benton Harbor, MI 49022-9754
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1201 Benton Ctr Rd, Benton Harbor, MI, 49022
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!