St. Joseph Twp, MI 49085,2603 S Cleveland Avenue
St. Joseph Twp, MI 49085,2603 S Cleveland Avenue
St. Joseph Twp, MI 49085,2603 S Cleveland Avenue
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$950,000
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10,222 SqFt
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2603 S Cleveland Avenue St. Joseph Twp, MI 49085

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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

Acres 1.6

Lot Dimensions 263x276x223x60x40x216

Source Southwestern Michigan Association of REALTORS®

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

Direction Located on Cleveland Ave next to the Camelot Condo community and directly across from Point Blue

Interior

Heating Forced Air

Heat Source Natural Gas

Exterior

Utilities Available Carbon Monoxide Alarm(s), Smoke Alarm

Roof Type Composition

Road Frontage Paved

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Block,Brick

Schools

School District St. Joseph

Others

Tax ID 111800020001149

Acceptable Financing Cash, Conventional, Lease

Listing Terms Cash, Conventional, Lease

Financing Cash,Conventional,Lease

Special Listing Condition Unknown/Data Share Listings


Realcomp MLS
Listed by Lane Moser of Ellsbury Commercial Group

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agent

Amy Greenwood

Agent | License ID: 6501404660

+1(248) 318-8542

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2603 S Cleveland Avenue