Storefront Tasting
321 State Street, St Joseph, MI 49085
For Sale
$395,000
Commercial Sale, St. Joseph, MI
Property Size3,000 SF
Lot Size0.15 Acres
Price / SF$131.67
Days on Market147
Property Features for 321 State Street
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Business Included
Taxes and HOA fees
Tax Year
Tax Description
Legal Description
Utilities
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Building materials
Listing Agency:
Realty Executives Instant Equity · Realty Executives International
(269) 983-7721
Listed By:
Jill Golden · License #6501424803
(269) 208-8996
Added: Jun 16
Changed: Nov 5
Last Checked: Nov 9 at 4:06AM
MLS# 26029690
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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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.
The offering is an established tasting room business operating for more than 10 years at 321 State Street in St. Joseph. Its 3,000-square-foot space was remodeled and includes two handicap-accessible bathrooms and a full basement. The sale includes the business name, trademark, logo, proprietary rights, tasting room assets, and custom-built bar and tables, along with a lease takeover. The building, equipment, and license are excluded from the sale.
Key Highlights
- 3,000‑square‑foot remodeled tasting room with a full basement
- Two handicap‑accessible bathrooms
- Sale includes the business name, trademark, logo, and other proprietary rights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,143
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,860
$622.9K
Cap Rate 7%
$444,900
$444.9K
Cap Rate 9%
$346,033
$346.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$46.4K $15.48/SF
− Vacancy
−$2.0K −$0.65/SF
EGI
$44.5K $14.83/SF
− OpEx
−$13.3K −$4.45/SF
NOI
$31.1K $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%
$622,860
Cap Rate 7%
$444,900
Cap Rate 9%
$346,033
Alternative Uses
Best Use
Retail
$444.9K
$389.3K – $519.1K
NOI $31,143 @ 7.0% cap · market cap 7.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$631.3K
$552.4K – $736.5K
NOI $44,190 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
838
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
$287,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Berrien County, MI
Properties on Market for Storefront properties in Berrien County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - The business sale includes a lease takeover, branded business assets, and custom-built tasting furniture.
Where is this storefront property located?
The property is located at 321 State Street St Joseph, MI.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 3,000‑square‑foot remodeled tasting room with a full basement; Two handicap‑accessible bathrooms; Sale includes the business name, trademark, logo, and other proprietary rights
