15198 N Main St - Office FOR SALE


Buchanan, MI 49107
$1 USD
301-706-4619
15198 N Main St, Buchanan, MI for Sale
$1 USD
Office - FOR SALE
1/21
null | Request Cap Rate

15198 N Main St
Buchanan, MI 49107


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | ±20,268 SF Commercial Building | AUCTION April 28-30, 2025
  • ±20,268 SF Two-Story Commercial Building on 8.71 Acre Parcel
  • Zoned CS, Commercial/Service District, Offering Favorable Zoning for a Variety of Commercial and Office Uses Including Professional Office, Retail, Cl
  • Excellent Visibility and Frontage on Main Street with 2,014 VPD Traffic Counts
  • Attractive Demographics with Population of ±75,068 and Annual Household Income of ±$79,907 (10-Mile Radius)

OVERVIEW

Marcus & Millichap is pleased to offer for sale the fee simple interest in a ±20,268 square foot commercial building located at 15198 Main Street in Buchanan, Michigan (the “Property”). The Property presents either an owner/user opportunity or offers investors the opportunity for significant value add through lease up strategies or soft repositioning/redevelopment. The two-story building is positioned on ±8.71 acres and benefits from access and visibility on Main Street with traffic counts of 2,014 vehicles per day. The Property is zoned CS, Commercial Service District, which offers favorable flexible zoning allowing for a variety of office/professional uses via adaptive reuse or repositioning including office, retail, and climate-controlled storage facility (special use). Buchanan is a city in Berrien County, located in the southwestern part of Michigan, near the Indiana border. Buchanan is part of the South Bend-Mishawaka metropolitan area, benefiting from regional economic activity while maintaining its small-town charm. The Property is 11 miles northeast of South Bend, Indiana, and 90 miles east of Chicago. As of 2024, the Property’s demographics have ±75,068 individuals residing within a 10-mile radius, with an average household income of ±$79,907.

FOR SALE DETAILS

PRICE

$1 USD

PRICE/SF

$0.000027 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction – 20,268 SF Commercial Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

131

LAND DETAILS

LAND ACRES

8.71 AC

LAND SF

379,408 SF

ZONING

R-RA

APN/PARCEL ID

11-06-0023-0001-03-3

ASK ABOUT THIS PROPERTY

Adam SklaverMarcus & MillichapMore Info
301-706-4619

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Adam SklaverMarcus & MillichapMore Info
301-706-4619

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.