5698 Territorial RdBenton Harbor, MI 49022

  • Grocery and convenience stores
  • 10,640 SF
For Sale
$1,300,000 View listing

Property Details for 5698 Territorial Rd

Year built
2022
Lot size
1.63 AC
Property size (Sq ft)
10,640 SF
Zone code
COMM
Property type
Grocery and convenience stores
APN
01-0018-0010-10-0
APU
100180010100

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,007,438
    6.5%
    $1,853,020
    7%
    $1,720,661
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,492,367
    Geo Method
    $3,492,367
  • Alternative Use

    Use
    Valuation
    Residential
    $1,563,091
    Hospitality
    $1,431,783
    Educational
    $1,191,227
    Medical
    $1,232,195
    Retail
    $1,853,020

Location Insight

City
Benton Harbor
County
Berrien
State
Michigan
Latitude
42.118
Longitude
-86.3207
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
$19,947
-
-
$545,000
-
-
-
$1,090,000

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