2603 Cleveland Ave, Saint Joseph, MI 49085-3016
This exceptional investment opportunity presents a fully occupied, multi-tenant retail center located at 2603 S Cleveland Ave, St. Joseph, Michigan 49085. The property boasts 10,222 square feet of retail space spread across four units within a two-story building constructed in 1977. Currently operating at 100% occupancy, this shopping center/storefront offers a stable income stream with four established tenants. The property sits on a substantial 69,696 square foot lot and provides ample parking with 39 spaces, plus additional rear space ideal for deliveries. Each of the four units features individual heating, electrical, and water meters, along with a basement for added storage or utility space. This versatile property is well-suited for a variety of uses, including medical offices (dentist, doctor), retail stores, or general office space. The asking price is $950,000. This established center is a cornerstone of the community and presents a compelling investment opportunity for a buyer seeking a stable, high-occupancy retail property. The sale is structured as a sale/leaseback.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B1 - RETAIL · Saint Joseph, MISaint Joseph. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.