Medical Office Suite with HVAC
For Sale
$317,000
3901 Stonegate Park Unit B, Saint Joseph, MI 49085
Medical office suite in Stonegate Medical Center with multiple offices, reception, waiting areas, and new 2024 HVAC.
Property Size2,046 SF
Price / SF$154.94
Days on Market152
Property Features for 3901 Stonegate Park Unit B
General Information
Standard status
Active
Size
2,046 SF
Property subtype
General Commercial
Additional Details
Office Units
5
Building Details
Year Built
1998
Buildings
1
Tenancy
Multi
Listing Agency:
Core Real Estate, Inc.
(269) 429-8001
Listed By:
Loren Gerber · License #6506008606
Source:
Xome
Added: Mar 1
Changed: Jul 30
Last Checked: Jul 30 at 9:23PM
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.
Investment Insights
Based on property information with market context.
Suite B (#200) in Stonegate Medical Center is positioned at the corner of Hollywood and Maiden Lane with high visibility across from a hospital outpatient complex. The space was last used as an orthopedic office and is set within a building that contains 5 separate medical condo units.
This suite totals 2,046 SF not including 427 SF allocated common area, for an indicated total of 2,473 SF. Inside, Suite B features six offices that could be expanded to eight, along with reception and waiting rooms, two bathrooms, and a utility area. A covered entrance leads to a large entry foyer.
The unit includes a new furnace and A/C installed in 2024. The building is well maintained with landscaping and offers ample parking. The property is part of a well-kept medical condo building built in 1998.
This suite totals 2,046 SF not including 427 SF allocated common area, for an indicated total of 2,473 SF. Inside, Suite B features six offices that could be expanded to eight, along with reception and waiting rooms, two bathrooms, and a utility area. A covered entrance leads to a large entry foyer.
The unit includes a new furnace and A/C installed in 2024. The building is well maintained with landscaping and offers ample parking. The property is part of a well-kept medical condo building built in 1998.
Key Highlights
- Suite B (#200) in Stonegate Medical Center near hospital outpatient complex
- 2,046 SF suite plus 427 SF allocated common area for 2,473 SF total
- Six offices that could be expanded to eight, plus reception and waiting rooms
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.7k | $21.36 |
| − Vacancy | −$5.7k | −$2.78 |
| EGI | $38.0k | $18.58 |
| − OpEx | −$15.2k | −$7.43 |
| NOI | $22.8k | $11.15 |
2,046 SF · lease $21.36/SF/yr · vacancy 13.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$325.9K
$285.2K – $380.2K
NOI $22,813 @ 7.0% cap · market cap 7.20%
Second Best
Office B
$322.0K
$281.7K – $375.7K
NOI $22,539 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$430.5K
$376.7K – $502.3K
NOI $30,137 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office suite in Stonegate Medical Center with multiple offices, reception, waiting areas, and new 2024 HVAC.
Where is this medical office space located?
The property is located at 3901 Stonegate Park Unit B Saint Joseph, MI.
What is the asking price?
The asking price for this property is $317,000.
What are key features of this property?
This property features: Suite B (#200) in Stonegate Medical Center near hospital outpatient complex; 2,046 SF suite plus 427 SF allocated common area for 2,473 SF total; Six offices that could be expanded to eight, plus reception and waiting rooms
