2603 S Cleveland Avenue, St. Joseph, MI 49085 (MLS# 25030991)

2603 S Cleveland Avenue, St. Joseph, MI 49085

$899,000
Property Type: Commercial Sale Square Footage: 10,222 Lot Size (sq. ft.): 69,696 Status: Active
Current Price: $899,000 List Date: 6/26/2025 Last Modified: 12/23/2025

Description

We are pleased to present the Camelot Center, a ±10,222 square foot multi-tenant commercial building strategically located at 2603 S Cleveland Avenue in St. Joseph, Michigan. This well-maintained property offers a rare opportunity to acquire income-producing real estate with value-add potential in a stable, high-demand market. The building consists of four ground-level suites and three separate basement entries, which provide opportunities for additional leasable square footage or storage. Currently, two units are occupied by long-term tenants—a hair salon and a sports retailer—while the remaining suites, including a recently renovated ±4,600 square foot space, are available for immediate lease.

Supplements: Three of the four commercial suites are now leased at $660, $1,203, and $2,200 per month, with just one space left to lease outbringing the property near stabilization and creating immediate in-place income with room for continued upside. Renovations include updated finishes, new carpet, modern lighting, and a reimagined interior layout. Additionally, there is potential to convert the building into five units by installing a dividing wall in the remaining space. A separate exterior entrance already exists, making the split clean and functionalor the layout can be preserved as-is for a larger user. Positioned along a major commercial corridor with traffic counts between 5,000 and 10,000 vehicles per day, the property benefits from high visibility and convenient access. A newer roof covers half the structure, and the site offers generous front and rear parking. The flexible zoning designation ("X" Strip Commercial Center) and multi-unit layout make this an ideal asset for a variety of users, including medical offices, wellness centers, legal or financial services, retail showrooms, or professional office tenants. St. Joseph is a vibrant, affluent community along Michigan's southwest shoreline, known for its mix of permanent residents and seasonal visitors. With a population of approximately 46,000 within a five-mile radius and a median household income exceeding $64,000, the market supports a wide range of service-based and consumer-facing businesses. Over 30% of the local population holds a bachelor's degree or higher, and the area enjoys a low poverty rate and strong employment anchored by major institutions such as Whirlpool Corporation's global headquarters and Spectrum Health Lakeland. Daytime population and local purchasing power are further supported by regional tourism, nearby beaches, and recreational attractions. The combination of strong demographic fundamentals, limited commercial inventory, and strategic location near I-94 and Lake Michigan make the Camelot Center a compelling investment opportunity. With two tenants in place and modernized vacant space ready for lease-up, investors can enjoy immediate income and long-term upside in one of the region's most desirable submarkets.

More Information MLS# 25030991

Location & Property Info

Cross Streets: Hilltop Rd. Property Sub-Type: Retail Municipality: St. Joseph Twp

Office/Contract Info

Auction or For Sale: For Sale List Price/SqFt: 87.95 Prop Avail for Lease?: Yes

General Property Info

New Construction: No Lot Dimensions: 263x276x223x60x40x216 Road Frontage: 263 Waterfront: No Total # Units: 4 Total # Bldgs: 1 # Fin Bldg Lvls: 2 Total SqFt: 10222 School District: St. Joseph Lot Measurement: Acres Lot Acres: 1.6 Lot Square Footage: 69696 Year Built: 1977 Full Baths: 5

Tax Info

Taxable Value: 354400 SEV: 35440 For Tax Year: 2024 Seller's Annual Property Tax: 13293 Tax Year: 2024 Homestead %: 0 Spec Assessment & Type: None Known Tax ID #: 11-18-0002-0001-14-9

Remarks & Misc

Public Remarks: We are pleased to present the Camelot Center, a ±10,222 square foot multi-tenant commercial building strategically located at 2603 S Cleveland Avenue in St. Joseph, Michigan. This well-maintained property offers a rare opportunity to acquire income-producing real estate with value-add potential in a stable, high-demand market. The building consists of four ground-level suites and three separate basement entries, which provide opportunities for additional leasable square footage or storage. Currently, two units are occupied by long-term tenants—a hair salon and a sports retailer—while the remaining suites, including a recently renovated ±4,600 square foot space, are available for immediate lease. Legal: Per Title

Waterfront Options

Water Access Y/N: No

Additional Details

Total Parking Spaces: 68

Income and Expenses

Annual Maint ($): 5082.3 Annual Utilities ($): 2199.21 Total Actual Rent: 66071 Net Operating Income: 17369.24 Operating Expense: 48000

Street Type

Paved: 1 Public: 1

SqFt Information

Carbon Monoxide Detector(s): 1 Smoke Detector(s): 1

Property Use

Investment: 1

Utilities Attached

Electricity Connected: 1 Natural Gas Connected: 1

Sewer

Public Sewer: 1

Water

Public Water: 1

Uses

Bar/Tavern/Lounge: 1 Professional Service: 1 Professional/Office: 1 Restaurant: 1 Retail: 1

Construction Type

Block: 1

Exterior Material

Brick: 1

Roofing

Composition: 1

Heat Source

Natural Gas: 1

Sale Conditions

None: 1

Ownership

LLC: 1

Below Grade

Full: 1

Heat Type

Forced Air: 1

Business Includes

Non-Applicable: 1

Additional Features

Multi User Facility: 1

Foundation

Block: 1

Util Avail at St

Electricity Available: 1 Natural Gas Available: 1 Phone Available: 1

Driveway

Asphalt: 1 Paved: 1

Purchase Terms Avail

Cash: 1 Conventional: 1

Unit 1

Unit Description: Sport Retail SqFt: 1836 Occupied: Yes Rent $/Month: 1203

Unit 2

Unit Description: Hair Salon SqFt: 867 Occupied: Yes Rent $/Month: 660

Unit 3

Unit Description: Vacant SqFt: 2911 Occupied: No Rent $/Month: 2200

Unit 4

Unit Description: Vacant SqFt: 4608 Occupied: No

Location Property Info

County: Berrien Street #: 2603 Street Direction: S Street Name: Cleveland Suffix: Avenue State: MI Zip Code: 49085 Area: Southwestern Michigan - S

OfficeContract Info

Status: Active Current Price: $899,000 List Price: $899,000 Listing Date: 2025-06-25

Remarks Misc

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

Property Features

Property Use: Investment SqFt Information: Carbon Monoxide Detector(s); Smoke Detector(s) Uses: Bar/Tavern/Lounge; Professional Service; Professional/Office; Restaurant; Retail Ownership: LLC Business Includes: Non-Applicable Construction Type: Block Exterior Material: Brick Roofing: Composition Foundation: Block Below Grade: Full Additional Features: Multi User Facility Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at St: Electricity Available; Natural Gas Available; Phone Available Heat Source: Natural Gas Heat Type: Forced Air Driveway: Asphalt; Paved Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional Sale Conditions: None
Listing Office: Ellsbury Group
Listing Agent: Lane Moser
IDX
Last Updated: December - 23 - 2025
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