312-314 State St - Storefront Retail/Residential CONDO FOR SALE


Saint Joseph, MI 49085
$620,000 USD
616-446-8700
312-314 State St, Saint Joseph, MI for Sale
$620,000 USD
Storefront Retail/Residential CONDO - FOR SALE
1/3
null | 8% Cap Rate

312-314 State St
Saint Joseph, MI 49085


HIGHLIGHTS

  • This versatile commercial building offers an exceptional investment opportunity

OVERVIEW

Featuring three storefront units within a total of 4,750 square feet of prime retail space. The property provides a steady revenue stream, appealing to investors seeking stable returns. Located in a thriving downtown St. Joseph, this property is well positioned for continued success. Schedule your private showing today! Agent Only Remarks: Lease information available upon completion of Confidentiality Agreement for serious buyers only. Gross rents and reimbursements are $59,500/year and net income has been above $40,000 over the trailing 2 years. SECOND FLOOR CONDO'S ARE NOT PART OF THIS TRANSACTION/SALE. Seller will use 1031 exchange on the sale.

FOR SALE DETAILS

PRICE

$620,000 USD

PRICE/SF

$131 USD /SF

CAP RATE

8%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

8,160 SF

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

D, Downtown

APN/PARCEL ID

11-76-1180-0003-00-0

ASK ABOUT THIS PROPERTY

Joe Flood@properties Christie's International R.E.More Info
616-446-8700

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Joe Flood@properties Christie's International R.E.More Info
616-446-8700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.