Auto Repair
1467 Main Street, St Joseph, MI 49085
For Sale
$319,000
The property is currently used for vehicle repair and car rental.
Property Size1,175 SF
Price / SF$271.49
Days on Market9
Property Features for 1467 Main Street
General Information
Standard status
Size
Property subtype
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Road Access
Automotive Uses
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Realty Executives Instant Equity
(269) 983-7721
Listed By:
Anthony F Clark
(616) 638-7185
Source:
61houses
Added: Nov 1
Changed: Nov 5
Last Checked: Nov 8 at 7:04PM
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 Realty Executives Instant Equity
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Main Street property dates to 1950 and is currently operated for auto repair and car rental. Its existing use is automotive service with a rental component.
The site is a few blocks from downtown St. Joseph and the city’s beaches.
The site is a few blocks from downtown St. Joseph and the city’s beaches.
Key Highlights
- Built in 1950
- Currently used for auto repair and car rental
- Located on Main Street, a few blocks from downtown St. Joseph and the beaches
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,198
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,960
$244.0K
Cap Rate 7%
$174,257
$174.3K
Cap Rate 9%
$135,533
$135.5K
Market Conditions
NOI Build-Up for 1,175 SF
Gross rent
$18.2K $15.48/SF
− Vacancy
−$764 −$0.65/SF
EGI
$17.4K $14.83/SF
− OpEx
−$5.2K −$4.45/SF
NOI
$12.2K $10.38/SF
Area
Berrien County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,960
Cap Rate 7%
$174,257
Cap Rate 9%
$135,533
Alternative Uses
Best Use
Retail
$174.3K
$152.5K – $203.3K
NOI $12,198 @ 7.0% cap · market cap 3.82%
Second Best
Industrial
$75.0K
$65.6K – $87.5K
NOI $5,249 @ 7.0% cap · market cap 1.65%
Theoretical Best
Office A
$247.3K
$216.4K – $288.5K
NOI $17,308 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
497
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
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Le Roys of St Joe — 2504 Pixley Ave, St Joseph, MI 49085
- First Choice Auto Glass Center — St Joseph, MI 49085
- Hardin's Auto Service — 1467 main st, st joseph, mi 49085
- Zielke's — 1207 Broad St, St Joseph, MI 49085
Frequently Asked Questions
What type of property is this?
Auto shop - The property is currently used for vehicle repair and car rental.
Where is this auto shop located?
The property is located at 1467 Main Street St Joseph, MI.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Built in 1950; Currently used for auto repair and car rental; Located on Main Street, a few blocks from downtown St. Joseph and the beaches
