Property profile

1468 Cinema Way 2.26 Acres Benton Harbor, MI 49022

FOR SALE
Theaters & concert halls
Property ID
US43-4109672
46,584 SF 12.19 ac lot Built 1997
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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1468 Cinema Way,Unit 2.26 Acres, Benton Harbor, MI 49022 For Sale
Contact for pricing 46,584 SF
1468 Cinema Way,Unit 2.26 Acres, Benton Harbor, MI 49022
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Property summary

AI-generated overview

This exceptional 2.26-acre vacant commercial land parcel presents a unique investment opportunity in Benton Harbor, Michigan. Strategically located along I-94, this property boasts unparalleled visibility and accessibility, ensuring high traffic exposure for any future development. The site is zoned COMMERCIAL, allowing for a wide range of potential uses, including hospitality, office, and retail establishments. The asking price is $734,500, translating to a land value of $400,000 per acre. The property's address is 1468 Cinema Way, Benton Harbor, MI 49022, and its APN is 11-03-0032-0009-79-0 POLP. This prime location offers significant advantages, situated adjacent to Celebration Cinema and surrounded by established businesses such as Walmart, Lowe's, Applebee's, McDonald's, and several hotels. This ensures a strong existing customer base and high foot traffic, making it an ideal location for a variety of commercial ventures. The property's size and location make it an attractive prospect for developers seeking to capitalize on the high-traffic area and strong surrounding commercial presence. This is a rare opportunity to acquire a significant commercial land parcel in a thriving location with excellent visibility and access. Don't miss out on this chance to build your next successful venture.

Property profile

Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 1997
Total area 46,584 SF
Lot 12.19 ac (530,996 SF)
Zoning code D1 COMM
APN 03-0032-0009-79-0
UPID US43-4109672

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cinema Theater & Performing Art Venue
  • Atm

Location

1468 Cinema Way, Unit 2.26 Acres Benton Harbor, MI 49022
Benton Harbor metro Census 2100 NILES-BENTON HARBOR, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.05M

Owner & transaction history

since 2017
1 recorded transaction
2017
Price N/A

Zoning & alternative use

D1 COMM · Benton Harbor, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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