Prime Commercial Space in St.
300 Main Street St Joseph, MI 49085
For Sale
$599,000
COMMERCIAL - St. Joseph, MI
Property Size1,740 SF
Lot Size0.19 Acres
Price / SF$344.25
Days on Market187
Property Features for 300 Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Standard status
- Active
- APN
- 11-76-0340-0196-02-5
- Size
- 1,740 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LOT 196 ORIGINAL PLAT OF CITY OF ST JOSEPH
- Tax Annual Amount
- 12997
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1980
- Floors in Building
- 2
- Number of units
- 1
- Building materials
- Aluminum Siding, Block, Brick
- Roof type
- Composition
Listing Agency:
Realty Executives Instant Equity
(269) 983-7721
Listed By:
Jill Golden · License #6501424803
(269) 208-8996
Added: Jan 19
Changed: Apr 15
Last Checked: Jul 25 at 2:06PM
MLS# 26002222
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial space offers approximately 1,740 square feet in downtown St. Joseph. The location is strategically positioned to capitalize on foot traffic, providing visibility and convenience with access to highways, local shops, and restaurants. The space is ready to customize and establish a business presence in Southwest Michigan's commercial district. It is suitable for retailers, service providers, or office users looking to benefit from the downtown setting. The lot size is 0.19 acres.
Key Highlights
- Prime downtown St. Joseph location with high foot traffic and excellent visibility.
- Versatile 1,740 sq ft commercial space suitable for retail, service, or office use.
- Easy access to highways, local shops, and popular restaurants.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.6k | $17.04 |
| − Vacancy | −$4.1k | −$2.35 |
| EGI | $25.6k | $14.69 |
| − OpEx | −$6.4k | −$3.67 |
| NOI | $19.2k | $11.02 |
1,740 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$273.8K
$239.6K – $319.5K
NOI $19,168 @ 7.0% cap · market cap 3.20%
Second Best
Retail
$258.0K
$225.8K – $301.1K
NOI $18,063 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$366.1K
$320.4K – $427.2K
NOI $25,630 @ 7.0% cap · market cap 4.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Chemical Bank
Bank
Huntington Bank
Bank
Huntington Bank ATM ...
Atm
FAQs
What type of property is this?
Office units - 1,740 SF commercial space in the heart of downtown St. Joseph.
Where is this office units located?
The property is located at 300 Main Street St Joseph, MI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Prime downtown St. Joseph location with high foot traffic and excellent visibility.; Versatile 1,740 sq ft commercial space suitable for retail, service, or office use.; Easy access to highways, local shops, and popular restaurants.
