Medical Office
For Sale
$311,000
3901 Stonegate, Saint Joseph, MI 49085
Six private offices, reception and waiting areas, and two bathrooms support a medical office layout.
Property Size2,046 SF
Price / SF$152
Days on Market240
Property Features for 3901 Stonegate
General Information
Standard status
Active
Size
2,046 SF
Property subtype
Commercial/Industrial
Zoning
Professional Office
Additional Details
Office Units
1
Property Use
Medical Office
Medical Specialty
orthopedic
Amenities
covered entrance
large entry foyer
Building Details
Year Built
1998
Buildings
1
Tenancy
Multi
Listing Agency:
Core Real Estate, Inc.
(269) 429-8001
Listed By:
Loren Gerber · License #6506008606
(269) 921-0754
Source:
Jabachler
Added: Mar 3
Changed: Oct 27
Last Checked: Oct 27 at 3:47AM
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.
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Investment Insights
Based on property information with market context.
Suite B is a medical office condominium with 2,046 square feet of suite space and a 427-square-foot allocated common area, for 2,473 square feet total. The layout includes six offices, reception and waiting rooms, two bathrooms, and a utility area. The office configuration could be expanded to eight offices. A new furnace and A/C were installed in 2024, and the building was constructed in 1998.
The suite is part of Stonegate Medical Center, a building with five separate medical condominium units. Its covered entrance opens to a shared entry foyer serving the units. The property is at the corner of Hollywood and Maiden Lane, across from a hospital outpatient complex, with parking available.
The suite is part of Stonegate Medical Center, a building with five separate medical condominium units. Its covered entrance opens to a shared entry foyer serving the units. The property is at the corner of Hollywood and Maiden Lane, across from a hospital outpatient complex, with parking available.
Key Highlights
- 2,046 SF of suite space plus 427 SF of allocated common area; 2,473 SF total
- Six offices, with layout flexibility for up to eight
- Reception and waiting rooms, 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.
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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
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Six private offices, reception and waiting areas, and two bathrooms support a medical office layout.
Where is this medical office space located?
The property is located at 3901 Stonegate Saint 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 of suite space plus 427 SF of allocated common area; 2,473 SF total; Six offices, with layout flexibility for up to eight; Reception and waiting rooms, two bathrooms, and utility area
