Edgewater Center Office
New
For Sale
$375,000
425 Upton Drive #3, St Joseph, MI 49085
Built in 2003, this workspace is part of a business center with other professional occupants.
Property Size2,394 SF
Price / SF$156.64
Days on Market4
Property Features for 425 Upton Drive #3
General Information
Standard status
Active
Size
2,394 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,051
Building Details
Building Size
2,394 SF
Year Built
2003
Buildings
1
Stories
1
Units
1
Listing Agency:
Case Realty Group
Listed By:
Karmen Case · License #6501398514
(517) 238-5588
Source:
Case-realty
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 4:09PM
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 Case Realty Group
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 2,394-square-foot office unit is located in Edgewater Center, a business property with professional tenants. The building dates to 2003, and the unit is offered for sale.
The property is at 425 Upton Drive in St. Joseph, near beaches and Harbor Shores. Parking is available on site.
The property is at 425 Upton Drive in St. Joseph, near beaches and Harbor Shores. Parking is available on site.
Key Highlights
- 2,394‑square‑foot office unit
- Located in Edgewater Center, a business center with professional tenants
- Building constructed in 2003
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,373
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,460
$527.5K
Cap Rate 7%
$376,757
$376.8K
Cap Rate 9%
$293,033
$293.0K
Market Conditions
NOI Build-Up for 2,394 SF
Gross rent
$40.8K $17.04/SF
− Vacancy
−$5.6K −$2.35/SF
EGI
$35.2K $14.69/SF
− OpEx
−$8.8K −$3.67/SF
NOI
$26.4K $11.02/SF
Area
Berrien County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,460
Cap Rate 7%
$376,757
Cap Rate 9%
$293,033
Alternative Uses
Best Use
Office B
$376.8K
$329.7K – $439.6K
NOI $26,373 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$503.8K
$440.8K – $587.7K
NOI $35,263 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
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?
Office unit - Built in 2003, this workspace is part of a business center with other professional occupants.
Where is this office unit located?
The property is located at 425 Upton Drive #3 St Joseph, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,394‑square‑foot office unit; Located in Edgewater Center, a business center with professional tenants; Building constructed in 2003
