Former Bank Building - Benton Harbor

Office for Sale
Catylist Listing ID: 30178698
Property Subtypes: Office Building
Building Size (RSF): 28,380 SF
Gross Land Area: 3.50 Acres
Sale Price: $2,500,000
Unit Price: $88.09 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Usable Size (USF): 28,380 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 10/11/2019

Overview / Comments

3.5 acres / 28,380 SF office. Five floors - first floor space has some furniture available. Flexible floor plans and large open areas with perimeter offices. Two drive-up windows and ATM lane. Beautiful views of the St. Joseph River. Two points of building access with large, convenient parking areas. High profile building signage. Conveniently located near I-94, between Holland and Chicago.

Current Tenants

Tenant Business Name Confidential Financial Institution
Is Renting? Yes
SF of Space Occupied 7,512 SF
Current Rent $19 PSF (Annual)
Tenant Business Name Fairmount Minerals
Is Renting? Yes
SF of Space Occupied 9,418 SF
Current Rent $12 PSF (Annual)

Additional Details

Nearest MSA: Niles-Benton Harbor
County: Berrien
Taxing Authority: Benton Harbor
Tax ID/APN: 51-0805-0036-03-0
Zoning: COMMERCIAL
Property Located Between: River St and Gray St
Property Visibility: Excellent
Highway Access: Near I-94, between Holland and Chicago
Airports: Kalamazoo County Airport - 20 minutes
Site Description: Former branch bank office with some furniture available in vacant first floor. Flexible floor plans in large open area with perimeter offices.
Area Description: Beautiful views of the St. Joseph River. Two points of building access with large, convenient parking areas. High profile building signage.
Total Number of Buildings: 1
Number of Stories: 5
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Ample doorstep parking
Passenger Elevators: 1
Zoning Description: General business

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,621 33,060 49,125
Median Age: 32.57 36.25 38.42
Households: 3,682 13,415 19,933
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.