Office Building with Private
New
For Sale
$1,100,000
519 Main Street, St Joseph, MI 49085
Executive offices, a boardroom, an elevator, and on-site parking support a range of professional operations.
Property Size8,620 SF
Price / SF$127.61
Days on Market5
Property Features for 519 Main Street
General Information
Standard status
Active
Size
8,620 SF
Class
Class A
Elevators
Yes
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$36,392
Amenities
private outdoor patio
boardroom
private restrooms
Building Details
Building Size
8,620 SF
Year Built
1995
Buildings
1
Stories
2
Units
1
Listing Agency:
Wright Properties
Listed By:
Kerry M Wright · License #6506043362
(269) 369-4640
Source:
Buskardgroup
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:25PM
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 Wright Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Class A office property, built in 1995, includes multiple executive offices and a boardroom with a coffered ceiling and integrated audiovisual equipment. Private restrooms, an elevator, on-site parking, and an outdoor patio round out the building’s amenities. The basement foundation has been waterproofed and carries a transferable lifetime warranty.
The property is on Main Street in St. Joseph, within a civic corridor that includes churches, government buildings, and established businesses. Downtown is steps away, and Lake Michigan is a short drive from the building.
The property is on Main Street in St. Joseph, within a civic corridor that includes churches, government buildings, and established businesses. Downtown is steps away, and Lake Michigan is a short drive from the building.
Key Highlights
- Class A office building constructed in 1995
- Multiple executive offices and a boardroom with coffered ceiling and integrated AV
- Elevator, private restrooms, outdoor patio, and on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,961
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,899,220
$1.9M
Cap Rate 7%
$1,356,586
$1.4M
Cap Rate 9%
$1,055,122
$1.1M
Market Conditions
NOI Build-Up for 8,620 SF
Gross rent
$146.9K $17.04/SF
− Vacancy
−$20.3K −$2.35/SF
EGI
$126.6K $14.69/SF
− OpEx
−$31.7K −$3.67/SF
NOI
$95.0K $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%
$1,899,220
Cap Rate 7%
$1,356,586
Cap Rate 9%
$1,055,122
Alternative Uses
Best Use
Office B
$1.36M
$1.19M – $1.58M
NOI $94,961 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M
NOI $126,971 @ 7.0% cap · market cap 11.54%
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
824
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 building - Executive offices, a boardroom, an elevator, and on-site parking support a range of professional operations.
Where is this office building located?
The property is located at 519 Main Street St Joseph, MI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Class A office building constructed in 1995; Multiple executive offices and a boardroom with coffered ceiling and integrated AV; Elevator, private restrooms, outdoor patio, and on‑site parking
