Medical Office Condo
3901 Stonegate Park, St Joseph, MI 49085
For Sale
$311,000
Commercial Sale, St. Joseph, MI
Property Size2,046 SF
Lot Size3.30 Acres
Price / SF$152
Days on Market250
Property Features for 3901 Stonegate Park
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Medical Specialty
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Buildings
Listing Agency:
Core Real Estate, Inc.
(269) 429-8001
Listed By:
Loren Gerber · License #6506008606
(269) 921-0754
Added: Mar 3
Changed: Oct 30
Last Checked: Nov 7 at 12:06PM
MLS# 26007696
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.
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.
This medical office condominium provides 2,046 square feet within Stonegate Medical Center, with an additional 427 square feet of allocated common area for a combined 2,473 square feet. The suite includes six offices, reception and waiting areas, two bathrooms, and a utility area; the office count could be expanded to eight. A covered entrance opens into a shared foyer serving the building’s medical units.
The property sits on a 3.3-acre site at the corner of Hollywood and Maiden Lane in St. Joseph, across from a hospital outpatient complex. The building was constructed in 1998 and received a new furnace and air-conditioning system in 2024. Forced-air heating, central air, cable availability, and ample parking are also provided.
The property sits on a 3.3-acre site at the corner of Hollywood and Maiden Lane in St. Joseph, across from a hospital outpatient complex. The building was constructed in 1998 and received a new furnace and air-conditioning system in 2024. Forced-air heating, central air, cable availability, and ample parking are also provided.
Key Highlights
- 2,046 SF medical office suite plus 427 SF allocated common area, totaling 2,473 SF
- 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
Who owns this building?
See the owner, sales and loan history
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two bathrooms and 2024 HVAC upgrades support a functional outpatient office layout.
Where is this medical office space located?
The property is located at 3901 Stonegate Park 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 medical office suite plus 427 SF allocated common area, totaling 2,473 SF; Six offices with potential to expand to eight; Reception and waiting areas, two bathrooms, and utility area
