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    Property profile & analytics
    OFF-MARKET Estimated value $625,000
    Commercial real estate

    1218 State St, Saint Joseph, MI 49085-1687

    4,391 SF 0.27 ac lot Built 1910
    Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-4113858
    Property summary
    AI-generated overview

    This stunning, historically significant 4-unit multifamily property in downtown St. Joseph, Michigan, offers unparalleled views of Lake Michigan. Situated on a 0.269-acre corner lot, this 4,983 square foot, two-story colonial-style building boasts a prime location on State Street, just 90 minutes from Chicago. Completely remodeled in 2020, each of the four units features updated kitchens and bathrooms, new flooring, modern appliances, and stylish furniture. The first-floor unit encompasses 1,972 square feet, while the two second-floor units are approximately 914 square feet each. A spacious 1,224 square foot third-floor unit provides expansive living space. All units are equipped with smart wifi deadbolt locks and designated parking. Currently operating as a successful short-term rental with consistent high occupancy and 5-star ratings through Airbnb and Vrbo, this property presents a unique investment opportunity. Its commercial zoning in a highly desirable residential area, combined with its proximity to local attractions, including the St. Joseph lighthouse, beaches, golf course, and downtown amenities, ensures strong rental demand. The property's exceptional location and recent renovations make it an ideal investment for discerning buyers seeking a high-return, turn-key operation. The building's historical charm and modern updates create a truly unique and desirable rental experience. This is a rare opportunity to own a piece of St. Joseph's rich history while enjoying significant income potential.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1910
    Total area 4,391 SF
    Lot 0.27 ac (11,761 SF)
    Zoning code R1 - E
    APN 76-3170-0112-00-5
    UPID US43-4113858
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $626k
    Blend (final) Blend
    $625k
    Owner & transaction history
    Thaddeus J Hackworth · 1 yrs held
    Thaddeus J Hackworth
    since 2025
    2 recorded transactions
    2025
    2022
    Zoning & alternative use
    R1 - E · Saint Joseph, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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