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    820 Lester Ave St. Joseph, MI 49085

    For Sale
    $1,500,000

    Prime Medical Office, 59,000 SF, MI

    Property size:
    59,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 59,000-square-foot medical office building in St. Joseph, Michigan, presents a compelling owner-user investment opportunity. Located at 820 Lester Ave, this three-story building, constructed in 1965, sits on a generous 4.37-acre lot (APN: 117611350001000) and offers ample parking with approximately 325 spaces. The property is zoned C-Commercial, providing flexibility for various uses. The building boasts a range of desirable features including two passenger elevators, three loading docks/wells, a security system, central air conditioning, and abundant natural light. The interior layout is versatile, encompassing large training areas, various office spaces, lab space, and common area restrooms. Its convenient location offers easy access to downtown St. Joseph and major highways, placing it within minutes of numerous restaurants and the picturesque Lake Michigan shoreline. Handicap accessibility is a key feature. The asking price is $1,500,000. This property represents a significant value proposition in a highly desirable location. The building's size and amenities make it ideal for a variety of medical or professional uses. The expansive lot provides ample room for future expansion or additional development.

    Property Features for 820 Lester Ave

    General Information

    Property type
    Medical offices
    Square Feet
    59,000 SF
    Lot Size
    190,357 SF

    Building Details

    Year Built
    1965
    Buildings
    1
    Stories
    3

    HighLights

    • 59,000 SF medical office building for sale in St. Joseph, MI.
    • $1,500,000 asking price.
    • Located on a 4.37‑acre lot (APN: 117611350001000) with 325 parking spaces.
    • Features include two passenger elevators, three loading docks/wells, a security system, central air conditioning, and abundant natural light.
    • The building offers versatile space including large training areas, various office spaces, lab space, and common area restrooms; handicap accessible.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    St. Joseph
    County
    Berrien
    State
    Michigan
    Longitude
    -86.483482704063
    Latitude
    42.084502122225

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, 59,000 SF, MI
    Where is this medical office located?
    The property is located at 820 Lester Ave St. Joseph, MI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 59,000 SF medical office building for sale in St. Joseph, MI.; $1,500,000 asking price.; Located on a 4.37-acre lot (APN: 117611350001000) with 325 parking spaces.
    Request Owner's contact information
    820 Lester Ave St. Joseph, MI 49085
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    St. Joseph, MI 49085
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    Realmo Value Estimation

    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.

    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.

    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
    820 Lester Ave St. Joseph, MI 49085
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