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    115 E Main St Niles, MI 49120

    For Sale
    $975,000

    SINGLE_FAMILY - Niles, MI

    Type:Retail
    Property size:
    11,696 SF
    Lot size:
    0.20 Acres
    Days on Market:
    49
    Last Refresh:
    Dec 14 at 6:06 pm

    Property Features for 115 E Main St

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Bathroom 6, Bathroom 7, Bathroom 3, Bathroom 4, Bathroom 5, Basement, Bathroom 8, Bathroom 1, Bathroom 2
    Bathrooms
    8
    APN
    11-72-3920-0003-00-8
    Interior features
    Broadband
    Size
    11,696 SF
    Lot size
    0.20 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Wall Unit(s), Central Air

    Building Details

    Year built
    1900
    Number of units
    3
    Building materials
    Brick
    Roof type
    Rubber

    The Home Source Group LLC (269) 479-6510 [email protected]

    Listing agent Joseph F Williams (269) 767-8747

    Listing date Oct 27, 2025

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Niles Building with Gym

    This historic building in downtown Niles, MI, presents a prime investment opportunity with over 11,000 square feet of finished and fully occupied space, complemented by almost 9,000 square feet of clean basement space. The main floor is leased to a successful gym, ensuring consistent traffic and income. Additionally, two upstairs units are rented as long-term residential properties, providing further income stability. Remodeled in 2022 and currently boasting a 100% occupancy rate, this property is a solid income generator with potential for long-term growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sport Track Physical ... Physical Therapy Clinic Elevate 24 SLR Gym

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Niles
    County
    Berrien
    State
    Michigan
    Longitude
    -86.25787
    Latitude
    41.830207

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    FAQs

    What type of property is this?
    Retail space - Fully occupied historic building in downtown Niles with steady income.
    Where is this retail space located?
    The property is located at 115 E Main St Niles, MI.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - Over 11,000 sq. ft. of finished, fully occupied space in a historic downtown building.; - Leased main floor to a successful gym provides steady income and traffic.; - 100% occupancy rate ensures immediate cash flow.
    (269) 767-8747
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    115 E Main St Niles, MI 49120
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