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Benton Harbor 49022
580 clay Street
$3,000
● Land - Off Market

580 clay Street

Benton Harbor, MI 49022
bedrooms
Studio
bathrooms
0 Bath
$22
Est. Monthly

About This Property

Big city lot ready for a new house or an investor/developer to buy along with other vacant lots on this block. Owner has 3 other lots for sale on this same block see listing for 636 clay street. City of Benton Harbor and other private individuals have several vacant lots on this block. This block is minutes to beautiful Lake Michigan beaches and Wonderful Downtown Benton Harbor. land contract options available. owner is licensed realtor in state of michigan.
Unit Size
-
Days on Market
-
Land Size
0.23 acres
Price per sqft
-
Property Type
Land
Property Taxes
$4
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MichRIC MLS #24010827)

Price History

Date / Event Date Event Price
Jul 19, 2024 Sold
Premium
Sold
Jul 8, 2024 In contract -
In contract
Mar 6, 2024 Listed by Bellabay Realty LLC $3,500
Listed by Bellabay Realty LLC
Oct 3, 2013 Sold
Premium
Sold
Dec 9, 1999 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,975
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 780
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: VAN HORN & MORROWS ADD
  • Land Acres: 0000000229
  • Standard Land Use Code: 8001
  • County Land Use Code: 402
  • Legal Description 1: PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2024.

Neighborhood

  • School District Name: Benton Harbor Area Schools
  • School Tax School District: BENTON HARBOR
  • Census Tract: 000500

Zoning

  • Zoning: DISTRICT A

Geography

  • Assessors Map Reference: 019-3
  • District: 52
  • Parcel: 52-8250-0028-00-8
  • Lot: 28-29
  • Municipality: BENTON HARBOR CITY
  • Latitude: 42.1032
  • Longitude: -86.4446

    Address

  • Full Address: 580 Clay St
  • Legal Unit: 28,29
  • Address - House Number: 580
  • Address - Street Name: Clay
  • Address - Suffix Type: St
  • State: MI
  • City Name: Benton Harbor
  • Carrier Code: C010
  • 4-Digit Zip Code: 4848
  • Zip Code: 49022

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,251
  • Initial Tax Delinquent Year: 2015

    Market Valuation

  • Market Total Value: $2,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,000

    Sales

  • Current Sale Contract Date: Oct 03, 2013
  • Current Sale Recording Date: Oct 03, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Dec 09, 1999
  • Previous Sale Contract Date: Dec 09, 1999
  • Previous Sale Amount: $100
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Benton Harbor

Stats & Trends

Median Asking:

$109,950

Sale Price/ft²

$100

Below Asking

0.05%

Average Days on Market

55

Average Home Size

1288 ft²

Average Home Age

67.1 years

Currently For Sale

31 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Currently no nearby rentals
MichRIC

Listed by: Justin Goodenough, Bellabay Realty LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24010827
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 580 Clay Street built and last sold?
The property at 580 Clay Street was built in and last sold on Oct 3, 2013 for $250.
How much is this home worth?
The estimated value of the home located at 580 Clay Street is $3,535.
What are some comparable homes to 580 Clay Street?
There are currently no comparable homes to 580 Clay Street.
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