Financial
Distress signals
Property profile

93 W Wall St Benton Harbor, MI 49022

FOR SALE
Hotels
Property ID
US43-3467169
40,942 SF 0.29 ac lot Built 1930
Entity Owned Owner of record is a legal entity (LLC / corporation). 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

Located in Benton Harbor, Michigan, this historic, formerly the House of David Hotel, consists of a concrete masonry structure with substantial floors and walls. The building contains more than 45,000 square feet of interior space and includes a roof system that was installed over 14 years ago. The property layout supports a range of redevelopment concepts, including conversion to art galleries on the main floor with residential units on the upper three floors, or retail use on the lower level

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$225k
Effective rate2.99%

Value estimate

· Sep 2026
$175k
$158k – $193k
NOI build-up
Gross scheduled income$686k
Vacancy & credit loss−$172k
Operating expenses−$270k
NOI · 30.95% cap applied$244k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
30.95%
$244k 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 agency22.1
Dental Office17.8
Building Supply17.8

Location

93 W Wall St Benton Harbor, MI 49022
County assessor Recorded deeds · not on file Qualifying 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

1 recorded sale · 6 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
1598 Mall, Benton Harbor, MI 49022-2324 $2,125,000 Jun 2019 23,236 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?”
More about this property
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