511 Renaissance DrSt. Joseph, MI 49085

Property Details for 511 Renaissance Dr

Year built

2003

Lot size

6.12 AC

Zone code

CO-A

Property type

Office buildings

APN

76-2255-0002-00-2

APU

7622550002002

Description

This exceptional Class A office space, located within the prestigious Renaissance Business Center in St. Joseph, Michigan, offers 2,238 square feet of immediately available space, with potential expansion up to 3,019 square feet. Built in 2003 and renovated in 2019, this single-story building boasts a 9-foot ceiling height and features six private offices, an open area perfect for workstations, and two private restrooms. The space is highly adaptable and can be remodeled to suit tenant needs. Located in the Edgewater Business District, this property enjoys a prime location near Whirlpool Corporation and other key businesses. The Renaissance Business Center is part of a mixed-use office/research/light manufacturing park, served by Class A roads and city utilities. Ample parking is available with 241 spaces. Common Area Maintenance (CAM) is included in the gross rate and covers water and exterior maintenance

• CAP approach

  CAP return

  Valuation

  6%

  $34,215,440

  6.5%

  $31,583,482

  7%

  $29,327,520

• Comparable approach

  Method

  Valuation

  Relative Method

  $34,722,956

  Geo Method

  $34,722,956

• Alternative Use

  Use

  Valuation

  Residential

  $39,163,516

  Hospitality

  $35,873,572

  Educational

  $29,846,390

  Medical

  $30,872,854

  Retail

  $46,427,720

Location Insight

City

Saint Joseph

County

Berrien

State

Michigan

Latitude

42.1167

Longitude

-86.4768

CBSA code

35660

CBSA name

NILES-BENTON HARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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