Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Furnished Office in St. Joseph Title is generated by Realmo AI

    2900 S State St, St Joseph, MI 49085

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Furnished office space with shared amenities in a prime location.

    Type:Office
    Added:
    Sep 15, 2021
    Days on Market:
    1724
    Last Refresh:
    May 12 at 11:31 pm

    Property Features for 2900 S State St

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1976

    Spaces For Lease

    at 2900 S State St Contact us

    Suite 3E Office 1 $24/Mo

    Size
    250 SF
    Type
    Office
    Business Center concept. Lease a furnished office with Wi-fi, cleaning service,...
    show more
    Contact us

    Suite 2 $12/Mo

    Size
    3,903 SF
    Type
    Office
    Suite 2 was fully remodeled in 2023. It offers four private offices, a large conference/training...
    show more
    Contact us

    We can help!

    Listing Contact
    Jim Agens

    Listing agent Jim Agens License #MI

    Listing office Fiskars Incorporated

    Listing date Sep 15, 2021

    Source Crexi

    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 Fiskars Incorporated

    HighLights

    • Prime location in St. Joseph’s financial and commercial district.
    • Furnished office with included Wi‑fi and cleaning service.
    • Shared access to conference room, break room, and private restroom.
    • Ample free parking.
    • Short term lease options available.
    • Business Center concept in a Class A colonial style building.

    Overview

    This property offers an ideal location for professionals seeking a reasonably priced business address in the heart of St. Joseph’s financial and commercial district. It is designed to be convenient for clients. Short-term lease options are available within a business center concept. The property features furnished offices with Wi-Fi, cleaning service, shared use of a conference room, break room, and private restroom facilities within the suite. Ample free parking is available at this Class A colonial-style multi-tenant office building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Baird Private Wealth ... Financial Advisor Wells Fargo Advisors Financial Advisor Berrien Community Foundation Charitable Organization Frederick S Upton ... Charitable Organization Hanson Group Factory

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St Joseph
    County
    Berrien
    State
    Michigan
    Longitude
    -86.488726
    Latitude
    42.083064

    Nearby Similar for Lease

    • $7 SF/Yr
      4,865 SF

      St. Joseph Industrial Opportunity

      Highway-adjacent industrial space suitable for immediate use or redevelopment.
      3408 Hollywood Road, St. Joseph, MI 49085
      View Details
    • $18 SF/Yr
      3,220 SF

      St. Joseph Medical Office Suite

      Move-in ready medical suite in a well-maintained St. Joseph office park.
      3906 Stonegate Park, St. Joseph, MI 49085
      View Details
    • $13 SF/Yr
      1,363 SF

      Prime Retail Space in St. Joseph

      Exceptional commercial space in the heart of St. Joseph, Michigan.
      511 Ship Street, St. Joseph, MI 49085
      View Details
    • $18 SF/Yr
      2,046 SF

      Stonegate Medical Center Office Space

      Medical office space available for lease in St. Joseph, MI.
      3901 Stonegate Park, St. Joseph, MI 49085
      View Details
    • $13 SF/Yr
      1,300 SF

      Prime Downtown Commercial Space

      Excellent visibility in a high-traffic downtown location.
      513 Ship Street, St. Joseph, MI 49085
      View Details
    • $14 SF/Yr
      1,553 SF

      St. Joseph Commercial Kitchen Space

      Versatile commercial space with a large, well-appointed kitchen.
      610 Broad Street, St. Joseph, MI 49085
      View Details
    • $17 SF/Yr
      1,800 SF

      Retail Space on Niles Avenue

      High-visibility retail space in a well-established commercial corridor.
      2926 Niles Avenue, St. Joseph, MI 49085
      View Details
    • $13 SF/Yr
      2,608 SF

      St. Joseph Commercial Space Available

      Highly visible commercial space for lease in St. Joseph, MI.
      4066 Red Arrow Highway, St. Joseph, MI 49085
      View Details
    • $14 SF/Yr
      2,690 SF

      Remodeled Building in High-Traffic Location

      2,690 sq ft remodeled building suitable for retail or office.
      3824 M-139, St. Joseph, MI 49085
      View Details
    • $4 SF/Yr
      102,175 SF

      St. Joseph Commercial Property

      Commercial property available for lease in St. Joseph, Michigan.
      3600 Tennis Court, St. Joseph, MI 49085
      View Details
    • $10 SF/Yr
      50,000 SF

      St. Joseph Office/Medical Building

      50,000 SF office/medical building for lease or sale.
      820 Lester Avenue, St. Joseph, MI 49085
      View Details
    • $16 SF/Yr

      High-Traffic Retail Space Available

      Retail space on Niles Avenue with high visibility and traffic.
      2926 Niles Ave Suite 1, St. Joseph, MI 49085
      View Details

    FAQs

    What type of property is this?
    Office units - Furnished office space with shared amenities in a prime location.
    Where is this office units located?
    The property is located at 2900 S State St St Joseph, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Prime location in St. Joseph’s financial and commercial district.; Furnished office with included Wi‑fi and cleaning service.; Shared access to conference room, break room, and private restroom.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jim Agens
    Real Estate License ID: MI
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2900 S State St, St Joseph, MI 49085
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!