1232 Broad Street

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1232 Broad 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 property features 16,000 square feet of retail storefront space.
  • The building is positioned at 1232 Broad Street in St. Joseph.
  • This retail asset is currently offered for sale in Michigan.
  • The site benefits from the established economy of Berrien County.
  • The floor plan supports diverse retail uses or large-format showroom operations.

What's Special

This retail storefront spans 16,000 square feet at 1232 Broad Street in St. Joseph, Michigan. Positioned within the heart of a well-established lakefront community, the property provides high visibility for businesses seeking a presence in a region known for its strong tourism and seasonal foot traffic. The layout accommodates various retail operations, ranging from specialty boutiques to large-format showrooms. St. Joseph serves as a commercial hub for the surrounding Berrien County area, benefiting from steady economic activity generated by its proximity to Lake Michigan. The surrounding streetscape features a mix of historic architecture and local commerce, supporting a consistent flow of residents and visitors throughout the year. Investors and business owners will find this location suitable for operations requiring significant floor plate depth and centralized accessibility to the downtown district. The structure provides a versatile foundation for modern retail fit-outs in a resilient regional submarket.

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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

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