Turnkey Florist Business &
1124 N 5th Street, Niles, MI 49120
New
COMMERCIAL - Niles, MI
Property size:
1,652 SFLot size:
1.18 AcresPrice / SF:
$167/SF- Added:
- Jul 1, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 6 at 1:06 pm
Property Features for 1124 N 5th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Interior features
- Broadband
- Standard status
- Active
- APN
- 11-71-0026-0065-01-2
- Size
- 1,652 SF
- Lot size
- 1.18 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- COM 293.5' N OF NE COR LOT 163 O P LACEY'S 2ND ADD CITY OF NILES PT OF SEC 26 T7S R17W TH N 85' N74DEG 50' W 187' N81DEG
- Tax Annual Amount
- 4893
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1950
- Number of units
- 1
- Building materials
- Wood Siding
- Roof type
- Rubber
Listing agent Kathy L DeVries (616) 422-5874
Listing office Thrive Acquisition 4418 Penny Lane SW, Grandville, MI (616) 422-5874
Listing date Jul 1, 2026
MLS# 26033263
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Sale includes The Flower Cart, LLC florist business with customer goodwill, trade name, vehicle, and commercial property.
- Recent building upgrades: refurbished front entrance and bathroom (2021), new awning (2023), LED lighting (2023).
- Additional improvements include new greenhouse roof with polycarbonate walls (2024) and crushed asphalt driveway (2025).
- Mechanical and plumbing updates include furnace (2026) plus water lines and sinks (2026).
- Building features include wood siding construction, rubber roof, forced‑air heating, and central air cooling.
- Interior features include broadband service.
Overview
This listing combines a full-service florist business with the associated commercial real estate. The offering is described as turnkey and includes the operating business, customer goodwill, trade name, and vehicle, along with the commercial property. Recent upgrade work includes a refurbished front entrance in the retail area in 2021, a refurbished bathroom in 2021, a new awning in 2023, LED lighting in 2023, and greenhouse roof improvements with polycarbonate walls in 2024. Additional updates listed include a crushed asphalt driveway in 2025 and furnace and water line and sink updates in 2026.
The property is located at 1124 N 5th Street in Niles, Michigan (49120) in Berrien County. The site is presented as a commercial retail and greenhouse operation with an on-site retail area and a greenhouse component.
For an owner-operator or an existing floral business looking for continuity and immediate operating capability, the combined package may support a straightforward transition with the business and real estate together. Because financial details are provided by NDA upon request and showings are by appointment only, qualified buyers should plan to review available information with the listing agent prior to scheduling a site visit.
The property is located at 1124 N 5th Street in Niles, Michigan (49120) in Berrien County. The site is presented as a commercial retail and greenhouse operation with an on-site retail area and a greenhouse component.
For an owner-operator or an existing floral business looking for continuity and immediate operating capability, the combined package may support a straightforward transition with the business and real estate together. Because financial details are provided by NDA upon request and showings are by appointment only, qualified buyers should plan to review available information with the listing agent prior to scheduling a site visit.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.6k | $15.48 |
| − Vacancy | −$1.1k | −$0.65 |
| EGI | $24.5k | $14.83 |
| − OpEx | −$7.3k | −$4.45 |
| NOI | $17.1k | $10.38 |
1,652 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$245.0K
$214.4K – $285.8K
NOI $17,149 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$347.6K
$304.2K – $405.6K
NOI $24,334 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
The Flower Cart
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Niles
- County
- Berrien
- State
- Michigan
- Longitude
- -86.254589
- Latitude
- 41.839609
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Turnkey florist business sale with retail space and recent building upgrades, including lighting and greenhouse improvements.
Where is this storefront property located?
The property is located at 1124 N 5th Street Niles, MI.
What is the asking price?
The asking price for this property is $277,500.
What are key features of this property?
This property features: Sale includes The Flower Cart, LLC florist business with customer goodwill, trade name, vehicle, and commercial property.; Recent building upgrades: refurbished front entrance and bathroom (2021), new awning (2023), LED lighting (2023).; Additional improvements include new greenhouse roof with polycarbonate walls (2024) and crushed asphalt driveway (2025).
