Medical Office Suite with Six
New
For Sale
$317,000
3901 Stonegate Park #B, St Joseph, MI 49085
Professional medical space includes reception, waiting rooms, two bathrooms, and a utility area.
Property Size2,046 SF
Days on Market7
Property Features for 3901 Stonegate Park #B
General Information
Standard status
Active
Size
2,046 SF
Property subtype
Commercial
Building Details
Building Size
2,046 SF
Year Built
1998
Listing Agency:
Core Real Estate, Inc.
(269) 921-0754
Listed By:
Loren Gerber · License #6506008606
(269) 921-0754
Source:
Eliterealtymi
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 5 at 12:58PM
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) at Stonegate Medical Center offers 2,046 SF of office space plus 427 SF of allocated common area, for a total of 2,473 SF. The suite includes six offices, with the potential to expand to eight, along with reception and waiting rooms, two bathrooms, and a utility area. It was last used as an orthopedic office and features a new furnace and A/C installed in 2024.
The building contains five separate medical condo units and is positioned at the corner of Hollywood and Maiden Lane, across from a hospital outpatient complex. A covered entrance leads to a large entry foyer serving all units. The property was built in 1998 and includes parking and maintained landscaping.
The building contains five separate medical condo units and is positioned at the corner of Hollywood and Maiden Lane, across from a hospital outpatient complex. A covered entrance leads to a large entry foyer serving all units. The property was built in 1998 and includes parking and maintained landscaping.
Key Highlights
- 2,046 SF unit plus 427 SF allocated common area, for 2,473 SF total
- Six offices with potential to expand to eight
- New furnace & A/C installed in 2024
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
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 - Professional medical space includes reception, waiting rooms, two bathrooms, and a utility area.
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 $317,000.
What are key features of this property?
This property features: 2,046 SF unit plus 427 SF allocated common area, for 2,473 SF total; Six offices with potential to expand to eight; New furnace & A/C installed in 2024
