2603-2605 S Cleveland Ave
Saint Joseph, MI 49085
Commerce de détail Propriété À vendre

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.
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.