AutoZone Automotive
1582 Hilltop Rd, St Joseph, MI 49085
For Sale
$1,368,165
Established automotive retail location with a long-term occupant and substantial commercial land area.
Property Size12,500 SF
Lot Size2.00 Acres
Price / SF$109.45
Days on Market93
Property Features for 1582 Hilltop Rd
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Building Size
Year Built
Units
Tenancy
Listing Agency:
Trinity Real Estate Investment Services
Listed By:
Drew Duncan · License MI #9007104
(262) 309-4900
Source:
Commercialcafe
Added: Aug 10
Changed: Nov 9
Last Checked: Nov 8 at 2:41AM
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 Trinity Real Estate Investment Services
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 automotive property includes a 12,500-square-foot retail building on an oversized 2-acre parcel. Constructed in 1989, the facility is occupied by AutoZone and serves as a dedicated automotive retail location in St. Joseph, Michigan.
The tenant recently completed its seventh early lease extension, providing a documented history of repeated lease renewals. The property is located at 1582 Hilltop Rd and combines a sizeable retail building with a substantial land component.
The tenant recently completed its seventh early lease extension, providing a documented history of repeated lease renewals. The property is located at 1582 Hilltop Rd and combines a sizeable retail building with a substantial land component.
Key Highlights
- AutoZone‑occupied automotive retail property
- 12,500 square feet of retail space
- Oversized 2‑acre property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,845
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,116,900
$1.1M
Cap Rate 7%
$797,786
$797.8K
Cap Rate 9%
$620,500
$620.5K
Market Conditions
NOI Build-Up for 12,500 SF
Gross rent
$87.0K $6.96/SF
− Vacancy
−$7.2K −$0.58/SF
EGI
$79.8K $6.38/SF
− OpEx
−$23.9K −$1.91/SF
NOI
$55.8K $4.47/SF
Area
Berrien County, MI
Vacancy
8.30%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,116,900
Cap Rate 7%
$797,786
Cap Rate 9%
$620,500
Alternative Uses
Best Use
Retail
$1.85M
$1.62M – $2.16M
NOI $129,761 @ 7.0% cap · market cap 9.48%
Second Best
Industrial
$797.8K
$698.1K – $930.8K
NOI $55,845 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$2.63M
$2.30M – $3.07M
NOI $184,123 @ 7.0% cap · market cap 13.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
Under-served
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
Frequently Asked Questions
What type of property is this?
Automotive property - Established automotive retail location with a long-term occupant and substantial commercial land area.
Where is this automotive property located?
The property is located at 1582 Hilltop Rd St Joseph, MI.
What is the asking price?
The asking price for this property is $1,368,165.
What are key features of this property?
This property features: AutoZone‑occupied automotive retail property; 12,500 square feet of retail space; Oversized 2‑acre property
