Versatile Flex Building on
For Sale
$799,900
1656 Hilltop Rd, Saint Joseph, MI 49085
11,350 SF flex building with showroom, warehouse, and office.
Property Size11,350 SF
Lot Size0.53 Acres
Price / SF$70.48
Days on Market96
Property Features for 1656 Hilltop Rd
General Information
Standard status
Active
Size
11,350 SF
Lot size
0.53 Acres
Property subtype
Commercial
Building Details
Year Built
1973
Listing Agency:
NAI Wisinski of West Michigan
(269) 459-0435
Listed By:
Kara Schroer · License #6501373674
(269) 459-0435
Source:
Elliman
Added: Apr 27
Changed: Jul 10
Last Checked: Jul 30 at 9:21AM
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 NAI Wisinski of West Michigan
Investment Insights
Based on property information with market context.
This 11,350 square foot flex building is located along the highly traveled Hilltop Road corridor in St. Joseph, MI. The property features a versatile layout including showroom, warehouse/storage, and office/meeting space. Situated on 0.53 acres with approximately 100 feet of frontage on Hilltop Road, the building is directly adjacent to Martin's Supermarket and between 1st Source Bank and the new Martin's Gas Station, providing strong visibility and convenient access. The building includes three internal loading docks and hanging heat in the warehouse area. Convenient front-door parking makes it well suited for service-oriented users requiring a blend of customer-facing and operational space. Benefiting from a strong daytime population and established commercial activity, the property is in proximity to the Niles Road retail corridor and surrounding amenities. The site also presents potential for redevelopment for retail or service commercial use given its strategic location within a busy neighborhood retail node. The location has a bike score of 45, indicating it is somewhat bikeable, and a walk score of 53, indicating it is somewhat walkable.
Key Highlights
- High‑visibility location on Hilltop Road with 100 ft of frontage
- Adjacent to Martin's Supermarket and near other commercial establishments
- Versatile 11,350 SF flex building suitable for showroom, warehouse/storage, and office/meeting space
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 | $79.0k | $6.96 |
| − Vacancy | −$6.6k | −$0.58 |
| EGI | $72.4k | $6.38 |
| − OpEx | −$10.9k | −$0.96 |
| NOI | $61.6k | $5.42 |
11,350 SF · lease $6.96/SF/yr · vacancy 8.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$879.6K
$769.7K – $1.03M
NOI $61,573 @ 7.0% cap · market cap 7.70%
Second Best
Flex RnD
$811.8K
$710.3K – $947.1K
NOI $56,827 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,184 @ 7.0% cap · market cap 20.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
498
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 Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 11,350 SF flex building with showroom, warehouse, and office.
Where is this flex space located?
The property is located at 1656 Hilltop Rd Saint 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: High‑visibility location on Hilltop Road with 100 ft of frontage; Adjacent to Martin's Supermarket and near other commercial establishments; Versatile 11,350 SF flex building suitable for showroom, warehouse/storage, and office/meeting space
