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: |
$102.14 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Undisclosed |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/30/2023 |
Overview / Comments
|
Historic 9,742 sq. ft., 2-story property located in downtown Benton Harbor. Eligible as a wide variety of uses including recreational cannabis dispensary. Buildout had started for a dispensary, but was recently halted in 2022. Framework for walls and electrical are in place.
|
Financials
| Finance Data Year |
2022 |
| Real Estate Taxes - Annual($) |
$10,437 (Annual) |
Additional Details
| Nearest MSA: |
Niles |
| County: |
Berrien |
| Tax ID/APN: |
11-54-0340-0035-00-9 |
| Zoning: |
MIXED-USE |
| 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 |
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 |
|
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