Sign Up Successful!
You now have access to more from Realmo!
    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

    31829 Heritage Pl Niles, MI 49120

    Sponsored
    For Sale
    $219,950

    LAND - Niles, MI

    Lot size:
    2.95 Acres
    Days on Market:
    115
    Last Refresh:
    Feb 20 at 6:06 am

    Property Features for 31829 Heritage Pl

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    14-070-016-021-08
    Lot size
    2.95 Acres

    We can help!

    Listing Contact
    Diane Bennett
    Diane Bennett

    Inspired Homes, LLC (269) 357-7371

    Listing agent Diane T Bennett (269) 357-7371

    Listing date Oct 29, 2025

    MLS# 25050271

    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.

    Learn more

    Property Insight Report

    Overview

    Niles Land for Sale

    This 2.95-acre lot is located in the new Heritage Estates development. Situated in the Edwardsburg school district, the property is near Granger, Mishawaka, and Niles (9 minutes away), and is 20 minutes from Notre Dame. The development features six estate-sized, walk-out lots. Planned infrastructure includes a 24-foot wide paved road with underground utilities. High-speed internet, cable TV, AEP electric, and natural gas from Semco will be available. This property is suitable for building a custom home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Niles
    County
    Berrien
    State
    Michigan
    Longitude
    -86.182206
    Latitude
    41.779477

    Nearby Similar for Sale

    • $975,000
      11,696 SF

      Historic Niles Building with Gym

      Fully occupied historic building in downtown Niles with steady income.
      115 E Main St, Niles, MI 49120
      View Details
    • $349,000
      6,000 SF

      Turnkey Industrial Facility with Agriculture Infrastructure

      6000 sqft industrial facility on 4.3 acres with advanced infrastructure.
      1760 Renaissance Dr, Niles, MI 49120
      View Details
    • $695,000
      15,822 SF

      Updated Multi-Tenant Commercial Space

      Multi-tenant commercial space in downtown Niles, suitable for various businesses.
      306 E Main St, Niles, MI 49120
      View Details
    • $269,000
      6,716 SF

      Versatile Commercial Building in Niles

      Handicap accessible, open floor plan suitable for diverse uses.
      1724 E Bertrand Rd, Niles, MI 49120
      View Details
    • $950,000
      5,280 SF

      Adaptable Office/Medical Space Near Downtown

      Updated office/medical space near downtown Niles and the hospital.
      122 Grant St, Niles, MI 49120
      View Details
    • $650,000
      8,600 SF

      Niles Commercial Property with Acreage

      Versatile commercial property with multiple buildings and flexible space.
      1115 Stateline Rd, Niles, MI 49120
      View Details
    • $399,000
      3,680 SF

      Versatile Commercial Building in Niles

      3,600+ sq. ft. commercial building in downtown Niles, MI
      920 Lambert St, Niles, MI 49120
      View Details
    • $179,900
      2,430 SF

      Commercially Zoned Building in Niles

      Office, retail, distribution, storage, or professional service use.
      224 N 4Th St, Niles, MI 49120
      View Details
    • $1,500,000
      31,656 SF

      Versatile Industrial Building in Niles

      31,556 SF industrial building in Niles Industrial Park.
      2112 Industrial Dr, Niles, MI 49120
      View Details
    • $495,000
      40,000 SF

      Niles Grow Facility on 4+ Acres

      Niles, Michigan grow facility with greenhouses on over 4 acres.
      1430 S 3Rd St, Niles, MI 49120
      View Details
    • $515,000
      3,200 SF

      Versatile Commercial Property on High-Traffic Street

      40x80 commercial property with live/work space and ample parking.
      2604 S 11Th St, Niles, MI 49120
      View Details
    • $1,700,000
      17,628 SF

      Entertainment Center with Bowling Alley

      Family-friendly entertainment center with bowling, arcade, sports bar.
      2732 S 11Th St, Niles, MI 49120
      View Details

    FAQs

    What type of property is this?
    Land - 2.95 acre wooded lot in exclusive Heritage Estates development.
    Where is this land located?
    The property is located at 31829 Heritage Pl Niles, MI.
    What is the asking price?
    The asking price for this property is $219,950.
    What are key features of this property?
    This property features: - Estate-sized lots (just under 3 acres) in an exclusive wooded development.; - Located in the desirable Edwardsburg school district.; - Convenient access to Granger, Mishawaka, Niles (9 mins), and Notre Dame (20 mins).
    (269) 357-7371
    Request Owner's contact information
    31829 Heritage Pl Niles, MI 49120
    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.
    31829 Heritage Pl
    Niles, MI 49120
    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
    31829 Heritage Pl Niles, MI 49120
    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

    We can help!
    Listing Contact
    Diane Bennett
    Diane Bennett
    Real Estate License ID: RB14044153
    (269) 357-7371 (574) 292-1710 (574) 216-7776
    Learn more
    Google sign-in failed. Please try again or use another login method.