306 State Street 1

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306 State Street 1

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 available for purchase in St. Joseph
  • Building total square footage measures 2,798
  • Located at 306 State Street in Michigan
  • Situated in a prominent Lake Michigan shoreline market
  • Versatile floor plan suitable for various retail uses

What's Special

This retail storefront property in St. Joseph, Michigan, is currently available for sale and presents a functional space for an investor or business owner seeking a foothold in the local market. The building encompasses 2,798 square feet, providing sufficient area for a variety of retail concepts or service-oriented businesses. Situated at 306 State Street, the asset benefits from the character of a lakeside community that experiences consistent seasonal activity and a steady year-round local customer base. St. Joseph remains a prominent destination along the Lake Michigan shoreline, supporting a diverse range of neighborhood commerce and tourism-driven enterprises. Prospective buyers can leverage this storefront to establish a long-term presence in a well-trafficked commercial corridor. The layout offers flexibility for customization, allowing for tenant improvements that align with specific operational needs or branding goals. This acquisition is suitable for businesses looking to benefit from the area's established foot traffic and community-focused commercial 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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