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    St. Joseph Industrial Building For Sale Title is generated by Realmo AI

    191 Hawthorne Ave, St Joseph, MI 49085

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    For Sale
    $499,000

    Versatile industrial building near Lake Michigan with four separate units.

    Type:Commercial
    Property size:
    8,000 SF
    Lot size:
    0.39 Acres
    Price / SF:
    $62/SF
    Added:
    Mar 11, 2026
    Days on Market:
    118
    Last Refresh:
    Jul 2 at 11:42 am

    Property Features for 191 Hawthorne Ave

    General Information

    Standard status
    Active
    Size
    8,000 SF
    Lot size
    0.39 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1985

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    Michael Barber

    Listing office

    Listing date Mar 11, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Michael Barber

    HighLights

    • Prime location in St. Joseph, near Lake Michigan.
    • Zoned Industrial 1, allowing for diverse business operations.
    • Four separate units, providing flexibility for tenants or business divisions.
    • Three units equipped with overhead doors for easy access and operations.
    • Each of the three units have bathrooms, heat and water.
    • Substantial space with over 8000 sq. ft. total.

    Overview

    This industrial building is located in St. Joseph, near Lake Michigan. The property is zoned Industrial 1 and features four separate units. Three of the units include overhead doors, bathrooms, heat, and water. The total available space exceeds 8000 square feet. The location is suitable for various business uses and investment opportunities.

    Local Financial Insights For Warehouse

    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 $55.7k $6.96
    − Vacancy −$4.6k −$0.58
    EGI $51.1k $6.38
    − OpEx −$7.7k −$0.96
    NOI $43.4k $5.42
    8,000 SF · lease $6.96/SF/yr · vacancy 8.30% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $620.0K
    $542.5K – $723.3K (±1% cap)
    NOI $43,400 @ 7.0% cap · market cap 8.70%
    Second Best
    Flex RnD
    $572.2K
    $500.7K – $667.6K (±1% cap)
    NOI $40,055 @ 7.0% cap · market cap 8.03%
    Theoretical Best
    Office A
    $1.68M
    $1.47M – $1.96M (±1% cap)
    NOI $117,839 @ 7.0% cap · market cap 23.62%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Patricia Moss Law ... Law Firm B & L Pattern ... Industrial Manufacturer

    Suggested Use

    Restaurant Building Supply Real Estate Agency Dental Office Law Firm Auto Parts Store Gym & Fitness Center Kitchen & Bath Showroom Storage Facility Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St Joseph
    County
    Berrien
    State
    Michigan
    Longitude
    -86.5008
    Latitude
    42.0729

    FAQs

    What type of property is this?
    Flex space - Versatile industrial building near Lake Michigan with four separate units.
    Where is this flex space located?
    The property is located at 191 Hawthorne Ave St Joseph, MI.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Prime location in St. Joseph, near Lake Michigan.; Zoned Industrial 1, allowing for diverse business operations.; Four separate units, providing flexibility for tenants or business divisions.
    More about this property
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