Overview
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. Renovations include updated finishes, new carpet, modern lighting, and a reimagined interior layout.
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.
Investment Highlights
The Camelot Center is a ±10,222 square foot multi-tenant commercial building,
thoughtfully designed to accommodate a variety of users. The property features four ground-level units and three separate basement entries, offering not only immediate functionality but also potential for future leasable space or dedicated storage solutions.
Currently, two tenants—a hair salon and a sports retailer—are in place, providing
income from day one. This occupancy makes the asset attractive for investors seeking immediate returns, with additional upside through lease-up of the remaining suites.
A recently renovated ±4,600 square foot suite enhances the value of the property.
The unit has been updated with modern finishes, fresh paint, new carpeting, updated lighting, and a reimagined layout, making it move-in ready and highly desirable for prospective tenants.
The building is well-maintained, and half of the roof has already been replaced,
reducing future capital expenditure needs. Additionally, the site offers ample parking in both the front and rear of the building, which improves access and
convenience for visitors and tenants alike.
Located along South Cleveland Avenue, the Camelot Center benefits from prime
visibility in a high-traffic area, with between 5,000 and 10,000 vehicles passing daily.
This strategic position makes the property ideal for businesses seeking exposure
and accessibility.
Zoned as “X” Strip Commercial Center, the asset allows for a diverse range of
commercial uses, making it suitable for retail stores, medical or dental offices, wellness and personal care services, professional offices, and boutique showrooms.
This well-maintained asset is not only income-generating but also offers long-term
upside. Its mix of location, condition, existing occupancy, and redevelopment potential presents a compelling investment opportunity in a stable and growing market.
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