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Property profile & analytics
FOR LEASE
Manufacturing properties
2200 E Empire Ave Benton Harbor, MI 49022
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-3997901
For Lease
1 / 9
Contact for pricing
2200 E Empire Ave, Benton Harbor, MI 49022
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Property summary
AI-generated overview
This exceptional 93,000-square-foot manufacturing facility, situated on a spacious 9.25-acre lot in Benton Harbor, Michigan, presents a significant opportunity. Built in 1966, this single-story building boasts 14' to 19' ceiling heights, providing ample vertical space for various industrial operations. The property features two recessed loading docks with levelers and three drive-in doors, ensuring efficient material handling. Power is robust, with a 3000A/480V/3Ph service. The building includes approximately 1,200 square feet of office space, a 500-square-foot heated and air-conditioned lab, and a 400-square-foot break room, catering to diverse operational needs. Municipal water and sewer services are readily available. An air compressor is included with the sale. The property is zoned for restricted industrial use and benefits from convenient access to I-94 and US-31, within two miles of the site. The APN is 11-03-0028-0017-05-1. This property is offered as a single, 93,000-square-foot unit.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1966
Total area
97,819 SF
Lot
9.25 ac (402,930 SF)
Zoning code
E RESTRICT INDU
APN
03-0028-0017-05-1
UPID
US43-3997901
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
-
Modineer Coatings Division North Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.35M
Owner & transaction history
Store Capital Acquistions LLC · 7 yrs held
Store Capital Acquistions LLC
since 2018
4 recorded transactions
Zoning & alternative use
E RESTRICT INDU · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.35M
Range $1.21M – $1.48M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$14 / SF
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
$28,674
Tax year 2023
Assessed value
$596,300
Assessed 2024
Previous assessed
$583,300
+2.2% YoY
Effective rate
4.81%
On assessed value
Total market value
$1,192,600
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1966
Stories
1
Total area
97,819 SF
Lot
9.25 ac (402,930 SF)
Zoning code
E RESTRICT INDU
APN
03-0028-0017-05-1
UPID
US43-3997901
Jurisdiction
BERRIEN
Zoning & alternative use
E RESTRICT INDU · Benton Harbor, MIZoning E RESTRICT INDU · permitted uses
E RESTRICT INDU · Benton Harbor, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1966
Stories
1
Lot
9.25 ac
Current owner
From public records · entity-resolved
Store Capital Acquistions LLC
Entity
Mailing address
2102 S 11TH ST, NILES, MI 49120-4061
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2018
—
Store Capital Acquistions LLC
Four Flags Leasing LLC
Deed
—
Dec 31, 2015
$300,000
Four Flags Leasing LLC
2200 Empire LLC
Warranty Deed
—
Oct 19, 2006
—
Roze Enterprises LLC
Renaissance Land Development Co LLC
Warranty Deed
—
Oct 19, 2006
$675,000
2200 Empire LLC
Roze Enterprises LLC
Warranty Deed
$540,000 · Chemical Bank
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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