Auto Service Building For
Saint Joseph, MI 49085, Saint Joseph, MI 49085
For Sale
$545,000
Well-maintained 7,120 SF auto service building on 0.422 acres.
Property Size7,120 SF
Lot Size0.42 Acres
Price / SF$76.54
Days on Market288
Property Features
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Signature Associates
Listed By:
Joe Rizqallah
(616) 822-6310
Source:
Tcnworldwide
Added: Jan 27
Changed: Nov 6
Last Checked: Nov 10 at 7:47AM
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 Signature Associates
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Investment Insights
Based on property information with market context.
This is a well-maintained auto service building, offered for sale for the first time. The building has over 7,000 SF and is situated on a 0.422-acre lot. Constructed with a steel frame and concrete block, the property is zoned C - Commercial Business District. It features ample power, making it suitable for auto-related uses. The site includes a fenced area designed for semi-trucks, deliveries, and repaired vehicles. The property is equipped with five overhead doors. The previous owner operated an auto service business at this location for over 50 years.
Key Highlights
- Over 7,000 SF auto service building on 0.422 acres.
- C - Commercial Business District zoning.
- Ample power suitable for auto‑related uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,809
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,180
$636.2K
Cap Rate 7%
$454,414
$454.4K
Cap Rate 9%
$353,433
$353.4K
Market Conditions
NOI Build-Up for 7,120 SF
Gross rent
$49.6K $6.96/SF
− Vacancy
−$4.1K −$0.58/SF
EGI
$45.4K $6.38/SF
− OpEx
−$13.6K −$1.91/SF
NOI
$31.8K $4.47/SF
Area
Berrien County, MI
Vacancy
8.30%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,180
Cap Rate 7%
$454,414
Cap Rate 9%
$353,433
Alternative Uses
Best Use
Retail
$1.06M
$923.9K – $1.23M
NOI $73,912 @ 7.0% cap · market cap 13.56%
Second Best
Industrial
$454.4K
$397.6K – $530.2K
NOI $31,809 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,877 @ 7.0% cap · market cap 19.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
815
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
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Harmon Autoglass — 2360 S Cleveland Ave, St Joseph, MI 49085
- Autolights4less — 1776 Hilltop Rd, St Joseph, MI 49085
- Matt's Auto Care, L.L.C. — 2101 Niles Rd, St Joseph, MI 49085
- WINDSHIELD GUYZ — 2620 Cleveland Ave, St Joseph, MI 49085
- Le Roys of St Joe — 2504 Pixley Ave, St Joseph, MI 49085
Frequently Asked Questions
What type of property is this?
Auto shop - Well-maintained 7,120 SF auto service building on 0.422 acres.
Where is this auto shop located?
The property is located at Saint Joseph, MI.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Over 7,000 SF auto service building on 0.422 acres.; C - Commercial Business District zoning.; Ample power suitable for auto‑related uses.
