225 5 StSt. Joseph, MI 49022

  • Warehouses
  • 26,930 SF
For Sale
$750,000 View listing

Property Details for 225 5 St

Year built
1940
Lot size
0.72 AC
Property size (Sq ft)
26,930 SF
Zone code
DISTRICT E
Property type
Warehouses
APN
54-0340-0019-01-1
APU
5403400019011

Description

Exceptional investment opportunity in Benton Harbor's Arts District! This prime 50,390 square foot property, situated on a 0.72-acre lot, offers a unique blend of industrial, office, and retail space. The building, constructed in 1940 and featuring two stories, boasts one loading dock and two dock-high doors, ideal for distribution or warehouse operations. Currently configured as a single-tenant space under a NNN lease expiring July 2024, this property presents a rare chance to acquire a substantial asset in a thriving area. Its central location places it within a block of popular local establishments, including The Livery, Mason Jar, and Harbor Shores Golf Course. The property's history includes use as a distribution business since 1980, showcasing its adaptability and enduring appeal. The asking price is $750,000, translating to $15.86 per square foot. The property's APN is 1-54-0340-0019-01-1. This is a remarkable chance to own a significant piece of Benton Harbor's vibrant commercial landscape. The address is 225 5th St, Benton Harbor, MI 49022.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,956,208
    Hospitality
    $3,623,865
    Educational
    $3,015,013
    Medical
    $3,118,704
    Retail
    $4,690,020

Location Insight

City
Benton Harbor
County
Berrien
State
Michigan
Latitude
42.1187
Longitude
-86.453
CBSA code
35660
CBSA name
NILES-BENTON HARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,887
-
-
$365,000
-
-
-
$730,000

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