206 State Street

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206 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).

  • Retail storefront property located in downtown St. Joseph.
  • Building encompasses a total area of 2,632 square feet.
  • Positioned on State Street with high visibility for businesses.
  • Suitable space for diverse retail or local service operations.
  • Located within an established coastal Michigan commercial submarket.

What's Special

Retail operations find a functional home at 206 State Street in St. Joseph. This 2,632-square-foot storefront provides a practical footprint for local merchants or service providers looking to establish a presence in the heart of this Lake Michigan community. The property offers direct access to the local commercial corridor, benefiting from the consistent foot traffic typical of Michigan's coastal business districts. St. Joseph remains a prominent destination within the regional economy, characterized by seasonal tourism and a stable year-round population. The storefront layout suits various retail configurations, from boutique apparel to specialty services, allowing business owners to capitalize on the surrounding professional and visitor demographics. Prospective buyers gain a tangible asset in a well-trafficked submarket, providing a stable foundation for long-term commercial engagement in this established retail environment.

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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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