Realmo Analytics

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Property profile

2055 Red Arrow Hwy Benton Harbor, MI 49022

FOR SALE
Outlet malls
Property ID
US43-3428754
1,200 SF 0.15 ac lot
Last sale Mar 2023 · $2,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a bar and pub building constructed in 1995, located at 2055 Red Arrow Highway in Benton Harbor, Michigan. It is designated as an Opportunity Zone, which may affect eligibility for certain applicable financing or incentive programs.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$731
Tax billed · 2023
Assessed value · 2024$21k
Effective rate3.55%

Value estimate

· Oct 2026
$45k
$41k – $50k
NOI build-up
Gross scheduled income$19k
Vacancy & credit loss−$780
Operating expenses−$4k
NOI · 14.05% cap applied$13k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$55/SF
ZIP average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$31 – $79
Qualifying comparables5

Cap rate analysis

How does the asset earn?
14.05%
$13k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
D1 COMM
JurisdictionBERRIEN

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop9.4
Auto Parts Store8.9
Restaurant8.7

Location

2055 Red Arrow Hwy Benton Harbor, MI 49022
County assessor Recorded deeds · 3 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2088 Plz, Benton Harbor, MI 49022-2212 $225,000 Oct 2024 4,000 SF
1675 M 139, Benton Harbor, MI 49022-5715 $283,000 Sep 2024 6,017 SF
1335 M 139, Benton Harbor, MI 49022-5741 $50,000 Jan 2023 2,024 SF
722 M 139, Benton Harbor, MI 49022-3855 $110,557 Nov 2022 3,200 SF
690 Main, Benton Harbor, MI 49022-3361 $10,000 Dec 2021 6,600 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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