Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2960 Niles Road St Joseph, MI 49085

    View on Map
    Claim this Listing
    Pending
    $74,900

    COMMERCIAL - St. Joseph, MI

    Lot size:
    0.36 Acres
    Added:
    Jan 14, 2026
    Days on Market:
    100
    Last Refresh:
    Apr 24 at 10:06 pm

    Property Features for 2960 Niles Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    APN
    11-18-0001-0014-15-3
    Lot size
    0.36 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    PART OF W1/2 OF SE1/4 SEC 1 T5S R19W BEG 93.35' N89DEG43'09
    Tax Annual Amount
    1116

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Shane E Enders

    Listing agent Shane E Enders

    Listing office Coldwell Banker Realty 10 N Whittaker St., Northbrook, MI

    Listing date Jan 14, 2026

    MLS# 26001777 Listing URL

    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.

    Overview

    Commercial Lot on Niles Road

    This vacant commercial lot is located on Niles Road in St. Joseph, Michigan. The property is situated near local amenities and approximately 0.5 miles from I-94. Niles Road experiences traffic of over 22,000 vehicles per day. The lot size is 0.36 acres, offering possibilities for development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    St Joseph
    County
    Berrien
    State
    Michigan
    Longitude
    -86.465415
    Latitude
    42.063415

    Nearby Similar for Sale

    • $799,900
      11,350 SF

      Versatile Flex Building in St. Joseph

      11,350 SF flex building on 0.53 acres.
      1656 Hilltop Road, St. Joseph, MI 49085
      View Details
    • $549,000
      4,865 SF

      Highway Adjacent Industrial Opportunity

      Office/warehouse building with redevelopment potential near I-94 in St. Joseph.
      3408 Hollywood Road, St. Joseph, MI 49085
      View Details
    • $1,149,000
      8,620 SF

      Class A Office Building

      Landmark office building in a premier location.
      519 Main Street, St. Joseph, MI 49085
      View Details
    • $317,000
      2,046 SF

      Medical Office Condo For Sale

      Medical office condo in Stonegate Medical Center. Available for sale.
      3901 Stonegate Park, St. Joseph, MI 49085
      View Details
    • $799,900

      Prime Commercial Site, St. Joseph

      0.53-acre commercial site in established retail corridor.
      1656 Hilltop Road, St. Joseph, MI 49085
      View Details
    • $250,000
      3,747 SF

      St. Joseph Office Building

      Office building with updated features and ample parking.
      1111 Main Street, St. Joseph, MI 49085
      View Details
    • $899,000
      10,222 SF

      Multi-Tenant Commercial Building For Sale

      Multi-tenant commercial building with income potential in a high-demand market.
      2603 S Cleveland Avenue, St. Joseph, MI 49085
      View Details
    • $599,000
      1,740 SF

      Prime Commercial Space in St. Joseph

      1,740 SF commercial space in the heart of downtown St. Joseph.
      300 Main Street, St. Joseph, MI 49085
      View Details
    • $699,000

      Lake Michigan View Development Opportunity

      Commercial property with Lake Michigan views, ready for residential conversion.
      1719 Lakeshore Drive, St. Joseph, MI 49085
      View Details
    • $2,250,000
      6,000 SF

      Waterfront Tavern & Restaurant Opportunity

      Established waterfront restaurant and bar with liquor license and boat slips.
      600 Fishermans Road, St. Joseph, MI 49085
      View Details
    • $2,450,000
      80,789 SF

      St. Joseph Industrial Property

      Versatile industrial property ideal for manufacturing, distribution, or warehousing.
      521 Langley Avenue, St. Joseph, MI 49085
      View Details
    • $795,000
      6,480 SF

      Established Day Care Business Opportunity

      Turnkey day care center with excellent reputation and growth potential.
      3419 Hollywood Road, St. Joseph, MI 49085
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant commercial lot on well-traveled road near I-94.
    Where is this commercial land located?
    The property is located at 2960 Niles Road St Joseph, MI.
    What is the asking price?
    The asking price for this property is $74,900.
    What are key features of this property?
    This property features: Rare vacant commercial lot.; High traffic location: Over 22,000 vehicles pass by daily.; Close proximity to I‑94 (1/2 mile).
    (269) 369-8744
    We can help!
    Listing Contact
    Shane E Enders
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!