Benton Harbor, Michigan Commercial Real Estate Market Report

The Benton Harbor commercial real estate market, as represented by active listings on Commrty, currently consists of 189 properties. This inventory is heavily weighted toward sale opportunities, with 188 listings available for purchase and only one property currently listed for lease. All 189 of these listings have been added to the platform within the last 90 days, while no new listings were introduced over the most recent 30-day period. Currently, there have been no recorded transactions or leases completed on the platform within the last 180 days for this specific market area. Regarding pricing, 23 active sale listings currently disclose an asking price, ranging between $7 million and $7.5 million, with a median asking price of $550,000. For investors evaluating these opportunities, the median advertised cap rate across the active inventory sits at 8.00%. These figures provide a baseline for understanding the current asking price expectations and yields for assets available in the region. The composition of the active inventory is dominated by retail properties, which account for 119 of the 189 listings, followed by 37 industrial assets and 18 office properties. The remainder of the marketplace includes 13 businesses for sale, one hospitality property, and one multifamily asset. This distribution suggests a market primarily focused on retail and industrial real estate, catering to buyers interested in commercial operations or warehouse space rather than residential rental income or hospitality development. Prospective participants should use these figures to gauge the breadth of the current available supply.