Medical Office Suite with New
For Sale
$311,000
3901 Stonegate Park B, St Joseph, MI 49085
Configured with reception, waiting areas, multiple offices, and two bathrooms.
Property Size2,046 SF
Price / SF$152
Days on Market50
Property Features for 3901 Stonegate Park B
General Information
Standard status
Active
Size
2,046 SF
Additional Details
Office Units
1
Amenities
covered entrance
entry foyer
landscaping
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Core Real Estate, Inc.
(269) 429-8001
Listed By:
Loren Gerber · License #6506008606
(269) 921-0754
Source:
Brendaharrisgroup
Added: Sep 13
Changed: Oct 25
Last Checked: Oct 30 at 1:49PM
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 Core Real Estate, Inc.
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.
Suite B at Stonegate Medical Center provides 2,046 square feet of medical office space, plus a 427-square-foot allocated common area, for 2,473 square feet in total. The layout includes six offices, reception and waiting areas, two bathrooms, and a utility room, with the potential to expand the office count to eight. The suite was most recently used for orthopedic practice operations.
A covered entry opens into a shared foyer serving the building’s five medical condominium units. The property sits at the corner of Hollywood and Maiden Lane, across from a hospital outpatient complex. The building includes ample parking, landscaped grounds, and a furnace and air-conditioning system installed in 2024.
A covered entry opens into a shared foyer serving the building’s five medical condominium units. The property sits at the corner of Hollywood and Maiden Lane, across from a hospital outpatient complex. The building includes ample parking, landscaped grounds, and a furnace and air-conditioning system installed in 2024.
Key Highlights
- 2,046 SF suite with 427 SF allocated common area; 2,473 SF total
- Six offices with potential to expand to eight
- Reception and waiting areas, two bathrooms, and utility area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,813
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,260
$456.3K
Cap Rate 7%
$325,900
$325.9K
Cap Rate 9%
$253,478
$253.5K
Market Conditions
NOI Build-Up for 2,046 SF
Gross rent
$43.7K $21.36/SF
− Vacancy
−$5.7K −$2.78/SF
EGI
$38.0K $18.58/SF
− OpEx
−$15.2K −$7.43/SF
NOI
$22.8K $11.15/SF
Area
Berrien County, MI
Vacancy
13.00%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,260
Cap Rate 7%
$325,900
Cap Rate 9%
$253,478
Alternative Uses
Best Use
Healthcare Medical
$325.9K
$285.2K – $380.2K
NOI $22,813 @ 7.0% cap · market cap 7.34%
Second Best
Office B
$322.0K
$281.7K – $375.7K
NOI $22,539 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$430.5K
$376.7K – $502.3K
NOI $30,137 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
456
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 Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured with reception, waiting areas, multiple offices, and two bathrooms.
Where is this medical office space located?
The property is located at 3901 Stonegate Park B St Joseph, MI.
What is the asking price?
The asking price for this property is $311,000.
What are key features of this property?
This property features: 2,046 SF suite with 427 SF allocated common area; 2,473 SF total; Six offices with potential to expand to eight; Reception and waiting areas, two bathrooms, and utility area
