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

    2138 S 11Th St Niles, MI 49120

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $250,000

    0.77-acre development opportunity in a high-traffic retail corridor.

    We can help!

    Listing Contact
    Dan Skodras
    Source: Bradleyco

    Listing Agent: Dan Skodras

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Niles Development Opportunity on 11th

    The property at 2138 S 11th St, Niles, MI, presents a 0.77-acre development opportunity situated along a high-traffic section of S 11th St. The site benefits from visibility and features 100 feet of frontage with two existing curb cuts. It is located in a prime retail corridor, near national retailers such as Walmart, Tractor Supply, and Lowe's. There is also an opportunity to acquire additional acreage from the parcel to the north. The site is currently improved with several structures. This location offers potential for a Quick Service Restaurant (QSR) or a small retailer to capitalize on the area's traffic and accessibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Niles
    County
    Berrien
    State
    Michigan
    Longitude
    -86.25139
    Latitude
    41.78788

    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
    • New
      $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
    • $250,000
      7,280 SF

      Retail Property in Niles, MI

      Retail property available for sale in Niles, Michigan.
      2314 N 5Th St, Niles, MI 49120
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.77-acre development opportunity in a high-traffic retail corridor.
    Where is this commercial land located?
    The property is located at 2138 S 11Th St Niles, MI.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - 0. 77-acre development opportunity on high-traffic S 11th St.; - Located in a prime retail corridor with high visibility.; - Close proximity to national retailers: Walmart, Tractor Supply, and Lowe's.
    (574) 298-5443
    Request Owner's contact information
    2138 S 11Th St 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.
    2138 S 11Th St
    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
    2138 S 11Th St 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
    Dan Skodras
    (574) 298-5443
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.