Brick Office Building with
For Sale
$1,100,000
519 Main Street, St Joseph, MI 49085
Commercial Sale, St. Joseph, MI
Property Size8,620 SF
Lot Size0.47 Acres
Price / SF$127.61
Days on Market176
Property Features for 519 Main Street
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 2, Bathroom 4, Basement, Bathroom 1
Interior features
Broadband
Elementary school district
St. Joseph
Middle school district
St. Joseph
High school district
St. Joseph
Standard status
Active
APN
11-76-0340-0243-03-1
Size
8,620 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 243 & 244 & THE SWLY 25' OF LOT 242 ORIGINAL PLAT OF CITY OF ST JOSEPH
Tax Annual Amount
36392
Legal Description
LOTS 243 & 244 & THE SWLY 25' OF LOT 242 ORIGINAL PLAT OF CITY OF ST JOSEPH
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
executive offices
boardroom with coffered ceiling and integrated AV
private restrooms
private outdoor patio
Building Details
Year built
1995
Floors in Building
2
Number of units
1
Building materials
Brick
Roof type
Composition
Listing Agency:
Wright Properties
Listed By:
Kerry M Wright · License #6506043362
(269) 369-4640
Added: Apr 14
Changed: Sep 16
Last Checked: Oct 6 at 4:06AM
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.
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.
Property Analytics
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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
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Market
Vacancy Rate% for Office in Midwest region
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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
