Investment Opportunity - Value Add Retail Center - Benton Harbor

Retail-Commercial for Sale
Catylist Listing ID: 30397256
Property Subtypes: Retail-Pad, Street Retail
Building Size (RSF): 11,848 SF
Gross Land Area: 0.67 Acres
Sale Price: $650,000
Unit Price: $54.86 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 8/20/2019

Overview / Comments

Located on an outlot of Pipestone Plaza (home of Burlington Coat Factory, Big Lots, CitiTrends and more), the retail center features Topps Trade Center, H&R Block and Metro PCS. With two suites available, this property is an excellent value-add opportunity.

- Immediate access to I-94
- 50 miles to Kalamazoo, 80 miles to Grand Rapids & 97 miles to Chicago
- Nearby retailers include: Walmart, Lowe' s, Meijer, Best Buy and more
- Excellent freeway visibility
- Signage
- 235' frontage on Mall Drive
- All utilities available

Also available for lease:
Suite 1615 1,438 SF @ $10 PSF NNN
Suite 1619 2,320 SF @ $10 PSF NNN

Additional Details

Nearest MSA: Niles-Benton Harbor
County: Berrien
Taxing Authority: Benton Harbor
Tax ID/APN: 03-00-32-000-9731
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Tourist
Property Located Between: Pipestone Rd & Mall Drive
Property Visibility: Excellent
Largest Nearby Street: Mall Drive
Feet of Frontage: 235
Traffic/Vehicle Count: 20,700
Highway Access: Less than 5 minutes to I-94
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2000
Total Parking Spaces: 65
Parking Type: Surface
Zoning Description: Commercial

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,055 29,498 57,662
Median Age: 46.18 35.83 39.45
Households: 521 11,489 23,203
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