Retail Space with Production
2410 S Cleveland Avenue, St Joseph, MI 49085
For Sale
$380,000
Flexible work areas, product displays, storage, and a delivery door support a range of retail operations.
Property Size2,700 SF
Price / SF$140.74
Days on Market91
Property Features for 2410 S Cleveland Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Business Included
Drive-In Doors
Currently Operating
Amenities
work space area
storage area
display area
bathroom
kitchenette
overhead door
Building Details
Year Built
Construction
Listing Agency:
The Home Source Group
Listed By:
Michelle Alger
(269) 876-2713
Source:
Smalleganrealestate
Added: Aug 9
Changed: Nov 6
Last Checked: Nov 6 at 9:36AM
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 The Home Source Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,700-square-foot retail property includes display shelving and counters, several workstations with electrical options, and storage space. A 10-foot overhead door serves the storage area for pickup and deliveries. Interior partitions are non-permanent, allowing the floor plan to be rearranged. The building also has a bathroom and a small kitchenette. The original structure is a Butler building, constructed in 1970.
The sale includes the business, equipment, inventory, and real estate. Equipment is set up for designing and producing awards and trophies.
The sale includes the business, equipment, inventory, and real estate. Equipment is set up for designing and producing awards and trophies.
Key Highlights
- 2,700 square feet; built in 1970
- 10‑foot overhead door for pickup and deliveries
- Sale includes business, equipment, inventory, and property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,028
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,560
$560.6K
Cap Rate 7%
$400,400
$400.4K
Cap Rate 9%
$311,422
$311.4K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$41.8K $15.48/SF
− Vacancy
−$1.8K −$0.65/SF
EGI
$40.0K $14.83/SF
− OpEx
−$12.0K −$4.45/SF
NOI
$28.0K $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%
$560,560
Cap Rate 7%
$400,400
Cap Rate 9%
$311,422
Alternative Uses
Best Use
Retail
$400.4K
$350.4K – $467.1K
NOI $28,028 @ 7.0% cap · market cap 7.38%
Second Best
Industrial
$172.3K
$150.8K – $201.1K
NOI $12,063 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$568.2K
$497.1K – $662.9K
NOI $39,771 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
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
$287,300
Median Home Value
Market
Average Price Trend$/SF for Retail space in Berrien County, MI
Properties on Market for Retail space in Berrien County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Flexible work areas, product displays, storage, and a delivery door support a range of retail operations.
Where is this retail space located?
The property is located at 2410 S Cleveland Avenue St Joseph, MI.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 2,700 square feet; built in 1970; 10‑foot overhead door for pickup and deliveries; Sale includes business, equipment, inventory, and property
