ST. JOSEPH, Mich. — A former headquarters building of United Federal Credit Union that has sat unsold for years is now headed to auction with a minimum bid of $999,000, according to MoodyOnTheMarket.com.
The roughly 35,500-square-foot office building at 2807 S. State St. has been listed on the FRE Auctions platform after failing to attract a buyer through traditional sales efforts, the outlet reported.
According to the listing details cited by MoodyOnTheMarket.com, the two-story property has been recently renovated for flexible office use and includes 166 parking spaces, a full-building generator, a data room with cooling and fire suppression systems, and both freight and passenger elevators.
The building sits on approximately 2.83 acres and is zoned as a Commercial Office District, making it suitable for a corporate headquarters or multi-tenant investment, the report said. The auction bidding deadline is set for May 21 at 5 p.m. EDT, with conditions potentially applying, according to the report.
CU Moved to Larger Campus
The property previously served as the headquarters for United Federal Credit Union and its predecessor institutions before the credit union relocated several years ago to a larger campus on Hilltop Road. The credit union also constructed a new main branch nearby on State Street, though that facility is not part of the auction offering. An adjacent parking area is included in the potential sale.
Efforts to repurpose the building have been unsuccessful. A prior proposal that would have seen St. Joseph Public Schools purchase the site for an early childhood education center failed to gain support amid funding concerns and resistance to potential tax increases, MoodyOnTheMarket.com reported.
The auction listing suggests the property could appeal to a larger organization seeking a regional headquarters or a growing business looking to consolidate operations in one location.
Branch Closes
Separately, United Federal Credit Union recently closed its downtown St. Joseph branch at Main and Broad streets, citing reduced foot traffic as more customers shift to digital banking. That property is also listed for sale, though an asking price has not been disclosed, according to the report.
