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    The Largest CRE Database in the US with Over 1 Million Listings

    32898 Bertrand St Niles, MI 49120

    Sponsored
    For Sale
    $1,295,000

    Farm House, Farm - Niles, MI

    Type:Farm
    Property size:
    1,375 SF
    Lot size:
    67.38 Acres
    Days on Market:
    78
    Last Refresh:
    Feb 20 at 2:06 am

    Property Features for 32898 Bertrand St

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Basement, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    1
    APN
    14-070-017-010-00
    Exterior features
    Barn, Shed
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Microwave, Refrigerator
    Size
    1,375 SF
    Lot size
    67.38 Acres

    Utilities

    Heating system
    Fireplace(s), Forced Air
    Cooling system
    Wall/Window Unit(s)

    Building Details

    Year built
    1900
    Floors in Building
    1
    Architectural style
    Other
    Additional Structures
    Barn(s), Packing Shed, Shed(s)

    We can help!

    Listing Contact
    Jonathan Minerick
    Jonathan Minerick

    homecoin.com (888) 400-2513

    Listing agent Jonathan Minerick (888) 400-2513 License #6502431542

    Listing date Dec 5, 2025

    MLS# 50190392 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. 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

    Spacious Land Parcel Near Indiana

    This 67.38-acre property in Cass County, Michigan, is located near the Indiana state line. The land features a mix of mature woods and open, tillable ground, suitable for development, recreation, or a private estate. The property is currently farmed and leased to a hay farmer, with options for a new owner to take over the lease. Electric and high-speed fiber internet are available on the property. Zoned Rural Residential with no easements, the land offers flexibility for future plans. The parcel is located less than a mile from The Reserve at Knowlwood and 1,500 feet from a similar-sized development with custom homes, situated in a strong growth corridor. Heritage Square, with shopping and Mishawaka restaurants, is 7 minutes away, and Notre Dame is approximately 11 minutes away. The property includes a small house, sold as-is, which is not currently in use but provides existing utility access. A barn, over 100 years old, is also located on the property. Nature trails wind throughout the land, providing access to wooded areas and open fields. A staked survey is planned for completion in 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Auto Repair Shop HVAC Service Hotel & Motel Travel Agency Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Niles
    County
    Berrien
    State
    Michigan
    Longitude
    -86.214942
    Latitude
    41.774836

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    FAQs

    What type of property is this?
    Land - 67-acre land parcel with development potential near Indiana border.
    Where is this land located?
    The property is located at 32898 Bertrand St Niles, MI.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: - Large 67-acre property ideal for development, recreation, or a private estate.; - Prime location near Granger, close to shopping, restaurants, and Notre Dame, in a strong growth corridor.; - High-speed fiber internet and electric available on the property.
    (888) 400-2513
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    32898 Bertrand St Niles, MI 49120
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    Niles, MI 49120
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    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
    32898 Bertrand St Niles, MI 49120
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    We can help!
    Listing Contact
    Jonathan Minerick
    Jonathan Minerick
    Real Estate License ID: 0799871
    (888) 400-2513 (404) 388-9441
    Learn more
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