Listed by Ellsbury Group
$899,000
207 Hawthorne Ave
Details
APN 11-18-0134-0010-03-7; 117605500018003
Property Type Office, Industrial
Sub Type Executive Office, Flex
Square Footage 20,748
Net Rentable (SqFt) 20,000
Units 1
NOI $24,292
Tenancy Vacant
Lease Type Gross
Price per SqFt $47
Year Built 1985
Year Renovated 2024
Buildings 1
Acreage 2.12 - 2.24
Zoning Industrial
Parking Spaces 28 spaces
Parking per 1,000 SqFt 1.35
Ceiling Height 18'
Loading Docks 2
Office | 20,748 SqFt
Marketing description
207 Hawthorne Ave offers a rare opportunity to acquire a solid industrial property in the heart of St. Joseph, MI. This well-built, well-maintained facility spans approximately 20,000 square feet, with 6,000 SF of office and 14,000 SF of functional warehouse space featuring 18' ceilings, nine bay doors, and a loading dock. A brand-new roof was installed in 2024. The property also includes an adjoining parcel (Parcel ID: 11-18-0134-0010-03-7), great for additional outdoor storage. The building is currently 85% occupied, with leases rolling over soon. Current rents are under market, giving a new owner the opportunity to push rents or re-tenant the space at stronger terms. The remaining vacancy also provides flexibility for an owner-user or a value-add investor looking to stabilize and improve cash flow.
Investment highlights
- ±20,748 SF facility featuring approximately 6,000 SF of climate controlled office and 14,000 SF of high-clear warehouse space with 18'ceilings and 3 phase power.
- Ideal for an owner-occupant seeking a headquarters location, or an investor looking to lease up multiple suites in a low-vacancy industrial market.
- Includes multiple private offices, conference rooms, restrooms, and warehouse space with clear-span design and drive-in access.
- Centrally located in St. Joseph’s commercial corridor with close access to I-94, US-31, and the Lake Michigan shoreline, supporting logistics and workforce access.
- Zoned for industrial use (verify with city), allowing for warehousing, light manufacturing, service-based businesses, or R&D.
- Berrien County industrial inventory remains tight, with mid-size buildings in high demand and limited available supply in the 10,000–30,000 SF range.
- Market lease rates support $4.00–$5.00/SF Gross, offering solid return potential through lease-up of vacant space or repositioning.
- Situated on an estimated 2.1-acre parcel providing generous parking, loading access, and potential for yard or outdoor storage.
- 3 Phase
- Cross Streets : S Cleveland Ave.
Listing Contacts
Listed by Ellsbury Group
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$24,292.12
$2,024.34/mo
Valuation Metrics
0
DSCR
2.7%
Cap Rate
2.7%
ROI
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