Marcus & Millichap is pleased to present the opportunity to acquire the property located at 9176 Kephart Street (also known as 9176 North Main Street) in Berrien Springs, Michigan. The subject property consists of approximately 45,778 square feet of cold storage space and is situated on 2.99 acres of land. The vacant asset features a clear height of 21’, three dock-high doors, four drive-in doors, and three-phase heavy power with 480 volts and 600 amps. With about 21,401 square feet of refrigerated space across eight units ranging from 2,400 to 3,400 square feet, the property can be demised into a multi-tenant facility. Formerly used as an apple storage facility, the vacant property is ideal for a variety of agricultural and cold-chain logistical uses. Situated two miles from U.S. Highway 31 via Saint Joseph Avenue, the property sits 25 miles north of South Bend, Indiana, within the Niles-Benton Harbor market.
Niles-Benton Harbor is a relatively small market, containing 16.4 million square feet of industrial space. In Q1 2025, the vacancy rate was 8.3 percent, up 210 basis points year-over-year as net absorption over the previous 12 months contracted by -363,000 square feet. While vacancies remained in line with the five-year average, the increase in availability helped to decelerate annual rent growth to a five-year low of 2.4 percent. The average market rent ticked up to about $6.00 per square foot in Q1. With no industrial properties under construction in Niles-Benton Harbor at the start of Q2, industrial demand will remain in the driver’s seat of vacancies and rents for the foreseeable future (CoStar).
Located along the southernmost bend of the St. Joseph River, hence the name, South Bend is the fourth largest city in Indiana with a population of 103,453 residents. Established as a fur trading post, South Bend grew quickly with the rise of the now defunct automobile maker, Studebaker Corporation. Today, South Bend’s economy is anchored by the famed University of Notre Dame. With nearly 6,000 workers, Notre Dame is the single largest employer in South Bend. Both residents and businesses benefit from a low cost of living and business-friendly environment, which has spawned growth in the logistics and high-tech manufacturing industries (Marcus & Millichap).
BROKER OF RECORD
Steve Chaben
Michigan Broker of Record
Two Towne Square, Suite 450
Southfield, MI 48076
P: (248) 415-2600
Steve.Chaben@MarcusMillichap.com
License #: 6502387903
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2025 Marcus & Millichap. All rights reserved. (Activity ID: ZAG0370127)
