For Sale
$950,000

2603 Cleveland Ave St. Joseph, MI 49085

Multi-tenant retail center, 100% occupied. Great investment opportunity.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a fully occupied, multi-tenant retail center located at 2603 S Cleveland Ave, St. Joseph, Michigan 49085. The property boasts 10,222 square feet of retail space spread across four units within a two-story building constructed in 1977. Currently operating at 100% occupancy, this shopping center/storefront offers a stable income stream with four established tenants. The property sits on a substantial 69,696 square foot lot and provides ample parking with 39 spaces, plus additional rear space ideal for deliveries. Each of the four units features individual heating, electrical, and water meters, along with a basement for added storage or utility space. This versatile property is well-suited for a variety of uses, including medical offices (dentist, doctor), retail stores, or general office space. The asking price is $950,000. This established center is a cornerstone of the community and presents a compelling investment opportunity for a buyer seeking a stable, high-occupancy retail property. The sale is structured as a sale/leaseback.

Highlights

  • Fully occupied, multi-tenant retail center in St. Joseph, MI.
  • 10,222 square feet of retail space in four units.
  • 100% occupancy with four established tenants providing stable income.
  • Situated on a 69,696 square foot lot with 39 parking spaces.
  • Asking price: $950,000; sale/leaseback structure.

Property Details for 2603 Cleveland Ave

Property type
Lifestyle centers, Power centers
Square Feet
10,222 SF
Year Built
1977
Buildings
1
Stories
2
Units
4

Location Insight

City
St. Joseph
County
Berrien
State
Michigan
Latitude
42.0710251
Longitude
-86.4943087

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FAQs

What type of property is this?
Lifestyle center - Multi-tenant retail center, 100% occupied. Great investment opportunity.
Where is the lifestyle center located?
The property is located at 2603 Cleveland Ave St. Joseph, MI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Fully occupied, multi-tenant retail center in St. Joseph, MI.; 10,222 square feet of retail space in four units.; 100% occupancy with four established tenants providing stable income.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Tom Angelo
Tom Angelo
Kyler Kleindienst
Kyler Kleindienst
Visit Broker Website

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Cleveland Ave
St. Joseph, MI 49085

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Cleveland Ave
St. Joseph, MI 49085

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

2603 Cleveland Ave
  • Tom Angelo
    Tom Angelo
  • Kyler Kleindienst
    Kyler Kleindienst
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