Medical Office Condo
B-3901 Stonegate Park Saint Joseph, MI 49085
B-3901 Stonegate Park, Saint Joseph, MI, 49085
$317,000
For Sale
$317,000
Suite B includes reception, waiting areas, six offices, two bathrooms, and 2024 HVAC in a well-maintained medical condo building.
Property Size2,046 SF
Price / SF$154.94
Days on Market140
Property Features for B-3901 Stonegate Park
General Information
- Standard status
- Active
- Size
- 2,046 SF
Listing agency
Core Real Estate, Inc.
(269) 921-0754
Listed by
Loren Gerber · License #6506008606
(269) 921-0754
Source
Exprealty
Added: Mar 3 Updated: Jul 21 at 1:57AM Checked: Jul 21 at 1:57AM
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 Core Real Estate, Inc.
Investment Insights
Based on property information with market context.
Suite B (#200) is located within Stonegate Medical Center, a building with five separate medical condo units. The office layout includes a reception and waiting rooms, six offices that could be expanded to eight, two bathrooms, and a utility area. The suite is served by a covered entrance that opens into a large entry foyer for the units.
The property is described as being at the corner of Hollywood and Maiden Lane, with high visibility across from a hospital outpatient complex. Ample parking is available, and the building and landscaping are maintained.
The suite was last used as an orthopedic office, and it benefits from new furnace and A/C installed in 2024. The listed suite size does not include the allocated common area, for an overall total provided with the unit.
The property is described as being at the corner of Hollywood and Maiden Lane, with high visibility across from a hospital outpatient complex. Ample parking is available, and the building and landscaping are maintained.
The suite was last used as an orthopedic office, and it benefits from new furnace and A/C installed in 2024. The listed suite size does not include the allocated common area, for an overall total provided with the unit.
Key Highlights
- Suite B (#200) in Stonegate Medical Center, 2,046 SF plus 427 SF allocated common area (total 2,473 SF).
- Medical condo unit with reception and waiting rooms, six offices (expandable to eight), two bathrooms, and a utility area.
- NEW furnace and A/C installed in 2024.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.7k | $21.36 |
| − Vacancy | −$5.7k | −$2.78 |
| EGI | $38.0k | $18.58 |
| − OpEx | −$15.2k | −$7.43 |
| NOI | $22.8k | $11.15 |
2,046 SF · lease $21.36/SF/yr · vacancy 13.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$325.9K
$285.2K – $380.2K
NOI $22,813 @ 7.0% cap · market cap 7.20%
Second Best
Office B
$322.0K
$281.7K – $375.7K
NOI $22,539 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$430.5K
$376.7K – $502.3K
NOI $30,137 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Suite B includes reception, waiting areas, six offices, two bathrooms, and 2024 HVAC in a well-maintained medical condo building.
Where is this medical office space located?
The property is located at B-3901 Stonegate Park Saint Joseph, MI.
What is the asking price?
The asking price for this property is $317,000.
What are key features of this property?
This property features: Suite B (#200) in Stonegate Medical Center, 2,046 SF plus 427 SF allocated common area (total 2,473 SF).; Medical condo unit with reception and waiting rooms, six offices (expandable to eight), two bathrooms, and a utility area.; NEW furnace and A/C installed in 2024.
