4730 Scottdale RdSt. Joseph, MI 49085

Property Details for 4730 Scottdale Rd

Year built

1965

Lot size

11.58 AC

Property size (Sq ft)

4,537 SF

Zone code

R1 - LD

Property type

Commercial real estate

APN

17-0018-0008-09-9

APU

1700180008099

Description

This exceptional mixed-use property, located at 4730 Scottdale Rd in St. Joseph, Michigan, presents a unique investment opportunity. The 11.58-acre lot boasts three buildings totaling 6,842 square feet, offering ample space and storage potential. Constructed in 1964, the main building is complemented by a detached garage and a large pole structure, providing versatile utility options. The property's zoning is commercial, permitting a range of uses, subject to municipal approval. Previously utilized as a group home, this location offers significant potential for various business ventures or a conversion back to residential use. Its secluded setting, setback from Scottdale Rd, ensures privacy. The property's address is 4730 Scottdale Rd, St. Joseph, MI 49085, with APN 17-0018-0008-09-9. The asking price is $800,000. The property features a two-story main building and is situated in Berrien County. This expansive property offers significant acreage, prime location, and substantial space, making it an attractive investment prospect. All potential uses are contingent upon obtaining necessary municipal approvals.

• CAP approach

  CAP return

  Valuation

  6%

  $659,948

  6.5%

  $609,183

  7%

  $565,670

• Comparable approach

  Method

  Valuation

  Relative Method

  $590,944

  Geo Method

  $590,944

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,348,700

  Retail / Commercial

  $662,367

  Mixed-Use / Specialty

  $636,965

  Hospitality / Lodging

  $437,323

  Office

  $609,183

  Institutional / Educational

  $653,952

  Residential Income

  $765,124

  Multifamily

  $1,045,380

  Automotive / Energy

  $560,530

  Parking / Income-Based Land

  $216,196

  Restaurant / Food Service

  $282,117

  Healthcare / Senior Housing

  $676,824

Location Insight

City

Saint Joseph

County

Berrien

State

Michigan

Latitude

42.0322

Longitude

-86.4378

CBSA code

35660

CBSA name

NILES-BENTON HARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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