Medical Office Condo
For Sale
$311,000
3901 Stonegate Park, St Joseph, MI 49085
Commercial Sale, St. Joseph, MI
Property Size2,046 SF
Lot Size3.30 Acres
Price / SF$152
Days on Market217
Property Features for 3901 Stonegate Park
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Elementary school district
St. Joseph
Middle school district
St. Joseph
High school district
St. Joseph
Directions
Hollywood Rd just south of Maiden Ln to Stonegate Medical Park entrance
Standard status
Active
APN
11-17-7340-0002-00-1
Size
2,046 SF
Lot size
3.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Unit B Stonegate liber 104 pg 1 Stonegate First Amendment liber 104 pg 56
Tax Annual Amount
3683
Legal Description
Unit B Stonegate liber 104 pg 1 Stonegate First Amendment liber 104 pg 56
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1998
Number of units
1
Listing Agency:
Core Real Estate, Inc.
(269) 429-8001
Listed By:
Loren Gerber · License #6506008606
(269) 921-0754
Added: Mar 3
Changed: Sep 16
Last Checked: Oct 6 at 3:06AM
MLS# 26007696
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 medical office condominium provides 2,046 square feet within Stonegate Medical Center, with an additional 427 square feet of allocated common area for a combined 2,473 square feet. The suite includes six offices, reception and waiting areas, two bathrooms, and a utility area; the office count could be expanded to eight. A covered entrance opens into a shared foyer serving the building’s medical units.
The property sits on a 3.3-acre site at the corner of Hollywood and Maiden Lane in St. Joseph, across from a hospital outpatient complex. The building was constructed in 1998 and received a new furnace and air-conditioning system in 2024. Forced-air heating, central air, cable availability, and ample parking are also provided.
The property sits on a 3.3-acre site at the corner of Hollywood and Maiden Lane in St. Joseph, across from a hospital outpatient complex. The building was constructed in 1998 and received a new furnace and air-conditioning system in 2024. Forced-air heating, central air, cable availability, and ample parking are also provided.
Key Highlights
- 2,046 SF medical office suite plus 427 SF allocated common area, totaling 2,473 SF
- Six offices with potential to expand to eight
- Reception and waiting areas, two bathrooms, and utility area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,813
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,260
$456.3K
Cap Rate 7%
$325,900
$325.9K
Cap Rate 9%
$253,478
$253.5K
Market Conditions
NOI Build-Up for 2,046 SF
Gross rent
$43.7K $21.36/SF
− Vacancy
−$5.7K −$2.78/SF
EGI
$38.0K $18.58/SF
− OpEx
−$15.2K −$7.43/SF
NOI
$22.8K $11.15/SF
Area
Berrien County, MI
Vacancy
13.00%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,260
Cap Rate 7%
$325,900
Cap Rate 9%
$253,478
Alternative Uses
Best Use
Healthcare Medical
$325.9K
$285.2K – $380.2K
NOI $22,813 @ 7.0% cap · market cap 7.34%
Second Best
Office B
$322.0K
$281.7K – $375.7K
NOI $22,539 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$430.5K
$376.7K – $502.3K
NOI $30,137 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 49085, MI
24,047
Population
11,468
Households
2.1
Avg Household Size
44
Median Age
49%
College-Educated
97%
High-School Grad
24.1 sq mi
ZIP Area
998
Density / Sq Mi
$101,763
Median Household Income
$58,316
Median Earnings
$1,099
Median Rent
$287,300
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two bathrooms and 2024 HVAC upgrades support a functional outpatient office layout.
Where is this medical office space located?
The property is located at 3901 Stonegate Park St Joseph, MI.
What is the asking price?
The asking price for this property is $311,000.
What are key features of this property?
This property features: 2,046 SF medical office suite plus 427 SF allocated common area, totaling 2,473 SF; Six offices with potential to expand to eight; Reception and waiting areas, two bathrooms, and utility area
