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Vacant Restaurant 1830 Pipestone Rd 8,500 SF Retail Building Benton Harbor, MI 49022 $1,347,011 CAD ($158.47 CAD/SF)



INVESTMENT HIGHLIGHTS
- Commercial Zoning | Rare Opportunity
- Fairplain Plaza (352,000 SF) | Pipestone Plaza (177,000 SF) |Nearby Grocery Stores | Primary Retail Corridor
- Strong Trade Area | Major Employers | Large Retail District |Nearby Hotels | Restaurant Cost Advantages | New Data Center
- Pipestone Rd (9,300 VPD) | Interstate 94 (63,700 VPD) |
- New Chick-fil-A & Starbucks | Limited Casual Dining Corridor |
- Strong Demographics in 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an 8,500 square foot, freestanding, Vacant Restaurant property located in Benton Harbor, Michigan. The site is zoned for Commercial (D-1), providing for a wide range of commercial uses. The site presents a future investor with upside through either lease up of the space or complete redevelopment of the large 1.93 acre lot. The offering presents the opportunity to acquire a high-grade restaurant ready asset, within a growing trade area. The restaurant ready assets allows for significant construction cost savings to a user or developer, saving an estimated $1,000,000 in shell construction costs. There continues to be new retail development in the area in 2025 with Chick Fil A, Starbucks, Hobby Lobby, Home Goods, and Tractor Supply opening new locations just down the road. In addition, Benton Harbor is being eyed as the potential home of a new $3B data center located along York Avenue to accommodate the growth of AI and would had hundreds of jobs to the area.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,500 SF
Building Class
C
Year Built
1990
Price
$1,347,011 CAD
Price Per SF
$158.47 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.93 AC
Opportunity Zone
Yes
Zoning
GC - General Commercial
Parking
129 Spaces (15.18 Spaces per 1,000 SF Leased)
Frontage
434’ on Pipestone Road
AMENITIES
- Pylon Sign
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 11-03-7400-0004-01-7 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $433,836 CAD |
PROPERTY TAXES
Parcel Number
11-03-7400-0004-01-7
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$433,836 CAD
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Vacant Restaurant | 1830 Pipestone Rd
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