Multi-Tenant Commercial
3830-3824 M 139 St Joseph, MI 49085
3830-3824 M 139, St Joseph, MI, 49085
$799,900
For Sale
$799,900
COMMERCIAL - St. Joseph, MI
Property Size6,490 SF
Lot Size0.65 Acres
Price / SF$123.25
Days on Market43
Property Features for 3830-3824 M 139
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Parking
- 30
- Interior features
- Broadband
- Standard status
- Active
- APN
- 11-17-0007-0015-09-0
- Size
- 6,490 SF
- Lot size
- 0.65 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- see title
- Tax Annual Amount
- 9583
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1983
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Brick, Metal Siding
- Roof type
- Rubber
Listing agency
The Shore Real Estate Group
(269) 921-7261
Listed by
Julie Dalson Scott
(269) 357-6040
Added: Jun 11 Updated: Jul 9 at 5:12AM Checked: Jul 23 at 6:06AM
MLS# 26028580
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 for-sale commercial property includes two address entries (3830 and 3824 M-139) and is currently occupied by two tenants. The building offers versatile layouts suited to a range of business types, including retail, office, medical, and service uses. Ample on-site parking supports convenient customer and employee access.
The property sits on a busy corridor on M-139 with high visibility and accessibility for day-to-day operations. It is positioned near I-94 and within minutes of downtown St. Joseph and surrounding areas, providing convenient regional connectivity.
For owner-users and investors, the existing multi-tenant setup can support a flexible occupancy strategy, while the layout versatility helps accommodate different operational needs across retail, office, medical, and service concepts. With on-site parking and direct corridor presence along a heavily traveled route, the asset is designed for businesses that benefit from being easily found and reached.
The property sits on a busy corridor on M-139 with high visibility and accessibility for day-to-day operations. It is positioned near I-94 and within minutes of downtown St. Joseph and surrounding areas, providing convenient regional connectivity.
For owner-users and investors, the existing multi-tenant setup can support a flexible occupancy strategy, while the layout versatility helps accommodate different operational needs across retail, office, medical, and service concepts. With on-site parking and direct corridor presence along a heavily traveled route, the asset is designed for businesses that benefit from being easily found and reached.
Key Highlights
- Two‑tenant commercial property at 3830/3824 M‑139 in St. Joseph with existing rental history
- Versatile building layout suitable for retail, office, medical, or service‑based use
- Built in 1983 with brick and metal siding exterior
Local Financial Insights For Healthcare Medical
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 | $138.6k | $21.36 |
| − Vacancy | −$18.0k | −$2.78 |
| EGI | $120.6k | $18.58 |
| − OpEx | −$48.2k | −$7.43 |
| NOI | $72.4k | $11.15 |
6,490 SF · lease $21.36/SF/yr · vacancy 13.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.03M
$904.5K – $1.21M
NOI $72,363 @ 7.0% cap · market cap 9.05%
Second Best
Office B
$1.02M
$893.7K – $1.19M
NOI $71,496 @ 7.0% cap · market cap 8.94%
Theoretical Best
Office A
$1.37M
$1.19M – $1.59M
NOI $95,597 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Versatile commercial building with ample parking and current occupancy by two tenants.
Where is this office units located?
The property is located at 3830-3824 M 139 St Joseph, MI.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Two‑tenant commercial property at 3830/3824 M‑139 in St. Joseph with existing rental history; Versatile building layout suitable for retail, office, medical, or service‑based use; Built in 1983 with brick and metal siding exterior
