218 Water Street

Retail-Commercial for Sale
Also listed as Special Purpose
Catylist Listing ID: 30843863
Property Subtypes: Free-Standing Building, Street Retail, Other
Building Size (RSF): 9,742 SF
Gross Building Area: See Agent
Gross Land Area: 0.46 Acres
Sale Price: $995,000
Unit Price: $102.14 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 5/30/2023

Overview / Comments

Historic 9,742 sq. ft., 2-story property located in downtown Benton Harbor. Eligible as a wide variety of uses including recreational cannabis dispensary. Buildout had started for a dispensary, but was recently halted in 2022. Framework for walls and electrical are in place.


Finance Data Year 2022
Real Estate Taxes - Annual($) $10,437 (Annual)

Additional Details

Nearest MSA: Niles
County: Berrien
Tax ID/APN: 11-54-0340-0035-00-9
Property Located Between: N. Shore Drive
Traffic/Vehicle Count: 7,512
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 4,871 SF
Year Built: 1921
Year Renovated: 2004
Construction/Siding: Brick
Total Parking Spaces: 22
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,176 31,742 44,827
Median Age: 27.91 35.4 38.36
Households: 1,875 12,696 18,278


Photograph of Listing Agent

Jason M. Kelmigian

Signature Associates
CPIX Member
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