Updated Medical Office
For Sale
Under Contract
$925,000
122 Grant Street, Niles, MI 49120
Commercial Sale, Niles, MI
Property Size5,280 SF
Lot Size0.71 Acres
Price / SF$175.19
Days on Market534
Property Features for 122 Grant Street
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bathroom 2, Basement
Parking
30
Elementary school district
Niles
Middle school district
Niles
High school district
Niles
Directions
Located across from Hospital on Grant Street. From Main Street take Broadway to Grant Street. From Niles Buchanan Road, turns into Grant Street.
Subdivision
Southwestern Michigan - S
Standard status
Active Under Contract
APN
11-74-0990-0001-01-7
Size
5,280 SF
Lot size
0.71 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
To be provided by title office
Legal Description
To be provided by title office
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1955
Floors in Building
1
Number of units
1
Listing Agency:
D Mottl Realty Group LLC
(269) 591-0035
Listed By:
Melissa Klipowicz
(269) 357-3053
Added: Apr 21, 2025
Changed: Oct 2
Last Checked: Oct 6 at 11:06AM
MLS# 25016693
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.
Investment Insights
Based on property information with market context.
This 5,280-square-foot medical office property at 122 Grant Street includes multiple exam rooms, offices, three bathrooms, a designated employee area, and a large basement for storage. The layout supports a range of office and medical configurations, while forced-air heating and central air provide the primary climate systems.
Constructed in 1955 on 0.71 acres, the building received updates in 2016 that included HVAC, the roof, water softeners, and the parking lot. The property is near downtown Niles and sits across the street from the hospital, placing medical-oriented space in an established local setting.
Constructed in 1955 on 0.71 acres, the building received updates in 2016 that included HVAC, the roof, water softeners, and the parking lot. The property is near downtown Niles and sits across the street from the hospital, placing medical-oriented space in an established local setting.
Key Highlights
- 5,280 square feet of office and medical space
- 0.71‑acre site at 122 Grant Street, Niles, MI 49120
- Updated in 2016 with HVAC, roof, water softeners, and parking lot improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,872
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,177,440
$1.2M
Cap Rate 7%
$841,029
$841.0K
Cap Rate 9%
$654,133
$654.1K
Market Conditions
NOI Build-Up for 5,280 SF
Gross rent
$112.8K $21.36/SF
− Vacancy
−$14.7K −$2.78/SF
EGI
$98.1K $18.58/SF
− OpEx
−$39.2K −$7.43/SF
NOI
$58.9K $11.15/SF
Area
Berrien County, MI
Vacancy
13.00%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,177,440
Cap Rate 7%
$841,029
Cap Rate 9%
$654,133
Alternative Uses
Best Use
Healthcare Medical
$841.0K
$735.9K – $981.2K
NOI $58,872 @ 7.0% cap · market cap 6.36%
Second Best
Office B
$830.9K
$727.1K – $969.4K
NOI $58,166 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$1.11M
$972.2K – $1.30M
NOI $77,774 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
859
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49120, MI
37,076
Population
15,581
Households
2.4
Avg Household Size
43
Median Age
21%
College-Educated
92%
High-School Grad
116.5 sq mi
ZIP Area
318
Density / Sq Mi
$61,940
Median Household Income
$38,779
Median Earnings
$911
Median Rent
$166,800
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Adaptable floor plan includes exam rooms, offices, employee amenities, and substantial basement storage.
Where is this medical office space located?
The property is located at 122 Grant Street Niles, MI.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 5,280 square feet of office and medical space; 0.71‑acre site at 122 Grant Street, Niles, MI 49120; Updated in 2016 with HVAC, roof, water softeners, and parking lot improvements
