1468 Cinema WayBenton Harbor, MI 49022

  • Theaters & concert halls
  • 46,584 SF
For Sale
$734,500 View listing

Property Details for 1468 Cinema Way

Year built
1997
Lot size
12.19 AC
Property size (Sq ft)
46,584 SF
Zone code
D1 COMM
Property type
Theaters & concert halls
APN
03-0032-0009-79-0
APU
300320009790

Description

This exceptional 2.26-acre vacant commercial land parcel presents a unique investment opportunity in Benton Harbor, Michigan. Strategically located along I-94, this property boasts unparalleled visibility and accessibility, ensuring high traffic exposure for any future development. The site is zoned COMMERCIAL, allowing for a wide range of potential uses, including hospitality, office, and retail establishments. The asking price is $734,500, translating to a land value of $400,000 per acre. The property's address is 1468 Cinema Way, Benton Harbor, MI 49022, and its APN is 11-03-0032-0009-79-0 POLP. This prime location offers significant advantages, situated adjacent to Celebration Cinema and surrounded by established businesses such as Walmart, Lowe's, Applebee's, McDonald's, and several hotels. This ensures a strong existing customer base and high foot traffic, making it an ideal location for a variety of commercial ventures. The property's size and location make it an attractive prospect for developers seeking to capitalize on the high-traffic area and strong surrounding commercial presence. This is a rare opportunity to acquire a significant commercial land parcel in a thriving location with excellent visibility and access. Don't miss out on this chance to build your next successful venture.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $6,843,520
    Hospitality
    $6,268,627
    Educational
    $5,215,424
    Medical
    $5,394,790
    Retail
    $8,112,882

Location Insight

City
Benton Harbor
County
Berrien
State
Michigan
Latitude
42.0758
Longitude
-86.4241
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
$76,003
-
-
$1,587,600
-
-
-
$3,175,200

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