Brick Office Building with
519 Main Street, St Joseph, MI 49085
For Sale
$1,100,000
Commercial Sale, St. Joseph, MI
Property Size8,620 SF
Lot Size0.47 Acres
Price / SF$127.61
Days on Market213
Property Features for 519 Main Street
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Interior features
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Additional Details
Property Use
Condition
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Amenities
boardroom
private restrooms
private outdoor patio
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Buildings
Listing Agency:
Wright Properties
Listed By:
Kerry M Wright · License MI #6506043362
(269) 369-4640
Added: Apr 14
Changed: Oct 30
Last Checked: Nov 12 at 6:06AM
MLS# 26015243
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.
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Investment Insights
Based on property information with market context.
Built in 1995, this brick office property at 519 Main Street contains 8,620 square feet on a 0.47-acre site. The interior includes multiple executive offices, four bathrooms, a boardroom with coffered ceiling and integrated AV, an elevator, broadband, and a private outdoor patio. Forced-air heating, central air, and a composition roof serve the building, while the basement foundation has been waterproofed with a lifetime transferable warranty.
The property is positioned within St. Joseph’s civic corridor, near downtown and the shores of Lake Michigan. Churches, government buildings, and established businesses surround the site, which also offers on-site parking and access to Main Street.
The property is positioned within St. Joseph’s civic corridor, near downtown and the shores of Lake Michigan. Churches, government buildings, and established businesses surround the site, which also offers on-site parking and access to Main Street.
Key Highlights
- 8,620‑square‑foot office building on a 0.47‑acre site
- Brick construction completed in 1995
- Multiple executive offices and a boardroom with integrated AV
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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
824
Businesses Nearby
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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
$287,300
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Berrien County, MI
Properties on Market for Office buildings in Berrien County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Professional office property with executive suites, a boardroom, elevator access, private restrooms, and on-site parking.
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: 8,620‑square‑foot office building on a 0.47‑acre site; Brick construction completed in 1995; Multiple executive offices and a boardroom with integrated AV
