116 STATE Street

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116 STATE Street

St. Joseph, MI 49085
Asking Price
Contact for price
Asset Type
Storefront Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The retail asset encompasses a total of 5,676 square feet.
  • Property is situated at 116 State Street in St. Joseph.
  • This storefront is currently available for purchase by interested investors.
  • The location serves a consistent base of residents and summer tourists.
  • The layout provides flexibility for diverse retail or professional service uses.

What's Special

Retail operations seeking a prominent storefront location will find this 5,676-square-foot property on State Street a practical choice for business visibility. Situated in the heart of St. Joseph, Michigan, the building benefits from its placement in a well-established lakeside community known for its consistent tourist traffic and local consumer base. The downtown layout encourages pedestrian movement, making the storefront suitable for boutique retail, professional services, or specialty merchant applications. Proximity to regional transportation routes allows for convenient access for clients traveling from throughout the Southwest Michigan area. With its substantial floor plan, the space accommodates a variety of layout configurations to support operational needs. The surrounding district features a mix of historic architecture and modern businesses, contributing to a stable commercial environment for long-term investment. This asset presents a functional footprint for owners looking to establish or expand a retail presence within this growing Lake Michigan destination.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

Location & Travel Times