Financial
Distress signals
Property profile

287 E Main St Benton Harbor, MI 49022

FOR SALE
Drive through restaurants
Property ID
US43-3817468
1,840 SF 0.46 ac lot Built 1964
Last sale Jul 2011 · $104,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 1,945-square-foot commercial restaurant building constructed in 1964. It occupies a prominent corner location with 200 feet of frontage along Main Street and 100 feet along 4th Street. The building is located in the Arts District of downtown Benton Harbor, where it is positioned near local amenities and attractions. It was previously operated as the Roxy Drive-In Restaurant, and its established restaurant use history and two-street frontage are the primary enduring physical characteristics for evaluation.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value · 2024$125k
Effective rate5.61%

Value estimate

· Sep 2026
$135k
$122k – $149k
NOI build-up
Gross scheduled income$30k
Vacancy & credit loss−$1k
Operating expenses−$9k
NOI · 6.21% cap applied$20k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$147/SF
County average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$83 – $230

Cap rate analysis

How does the asset earn?
6.21%
$20k 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?
DISTRICT E
JurisdictionBERRIEN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency29.6
Building Supply22.3
Dental Office21.2

Location

287 E Main St Benton Harbor, MI 49022
County assessor Recorded deeds · 4 transfers Comp sales · not on file 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 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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