2603 S Cleveland Avenue St. Joseph, MI 49085

PRICED AT $899,000

Listing Details

$899,000
MLS# 25030991
Type Commercial - Retail
Status Active

5 full Bathrooms
1.600 acres Lot Size
1977 Year Built
St Joseph Local Schools

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...read more square foot space, are available for immediate lease. 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 Michigans 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 bachelors degree or higher, and the area enjoys a low poverty rate and strong employment anchored by major institutions such as Whirlpool Corporations 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 regions most desirable submarkets.

Features

Forced Air
$13,293 Taxes
Built in 1977

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/15/2026. The listing information on this page last changed on 03/15/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 03/15/2026 5:34:48 AM EST) or MichRic (Michigan Regional Information Center) (last updated Sat 03/14/2026 11:17:39 PM EST) or NIRA MLS (last updated Sat 03/14/2026 11:05:05 PM EST) or IRMLS (last updated Sat 03/14/2026 11:11:44 PM EST). Real estate listings held by brokerage firms other than Cressy & Everett Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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