2603 S Cleveland Avenue new Save Request In-Person Tour Request Virtual Tour
St. Joseph Twp,MI 49085
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,222 sqft
Price per Sqft $92
MLS Listing ID 69025030991
Year Built 1977
Annual Tax Amount $13,293
Lot Size 1.600 Acres
Property Description
Located in the heart of St. Joseph's main commercial corridor, 2603 S Cleveland Ave offers a compelling retail investment opportunity with immediate upside potential. The property consists of four total units spanning 10,222 sq ft--two are currently occupied by established tenants, while the remaining two are vacant and ready for lease. Each vacant unit includes a basement space that could be rented separately from the main level, creating additional income opportunities beyond standard retail rents.Strategically positioned along Cleveland Ave, the property benefits from excellent visibility with an estimated 5,000-10,000 vehicles passing daily.With ample front and rear parking, the site is well-suited for a wide range of tenant types, including retail, medical, and professional office users. Recent interior updates to the vacant spacesnew flooring, paint, and lightingmake them move-in ready and reduce near-term capital requirements for investors.
Located near Martin's Supermarket and surrounded by other national and local retailers, this location serves a strong consumer base with healthy area demographics. With stable cash flow from the existing tenants and the potential to increase rents through lease-up and monetizing the basement square footage, this property presents a great opportunity for investors looking for value in a proven retail market. Properly managed, 2603 S Cleveland Ave can deliver both stability and upside.
Location
State MI
County Berrien
Area St. Joseph Twp
Interior
Heating Forced Air
Exterior
Utilities Available Carbon Monoxide Alarm(s),Smoke Alarm
Roof Type Composition
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Block,Brick
Schools
School District St. Joseph
Others
Acceptable Financing Cash,Conventional,Lease
Listing Terms Cash,Conventional,Lease
Special Listing Condition Unknown/Data Share Listings