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

    2732 S 11Th St Niles, MI 49120

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,700,000

    Family-friendly entertainment center with bowling, arcade, sports bar.

    Lot size:
    2.09 Acres

    Property Features for 2732 S 11Th St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    2.09 Acres

    Building Details

    Year built
    1964

    We can help!

    Listing Contact
    James H Ringler
    James H Ringler
    Source: Elliman

    Listing Agent: James H Ringler

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

    Learn more

    Overview

    Family Entertainment Center For Sale

    The property is a family-friendly entertainment center. It features 24 bowling lanes with automatic scoring, suitable for league play and cosmic bowling. An arcade and pool tables provide additional entertainment options. The sports bar offers a menu of appetizers, salads, food baskets, pizzas, sandwiches, and beverages, and is known for its Armadillo Sub sandwich.
    Location Intelligence

    Current Use by Public Records

    Joey Armadillos Bowling Alley

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Niles
    County
    Berrien
    State
    Michigan
    Longitude
    -86.251522
    Latitude
    41.773073

    Nearby Similar for Sale

    • $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
    • $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
    • $129,900
      2,430 SF

      Commercially Zoned Building in Niles

      Commercially zoned building suitable for office, retail, distribution, or storage.
      224 N 4Th St, Niles, MI 49120
      View Details
    • $550,000
      720 SF

      Retail Property in Niles, MI

      Retail space for sale in high-traffic Niles, Michigan location.
      2142 S 11Th St, Niles, MI 49120
      View Details
    • $1,300,000
      3,140 SF

      Retail Property on High-Traffic Corridor

      Retail property in Niles' primary commercial area with high visibility.
      1295 S 11Th St, 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
    • $349,000
      6,000 SF

      Turnkey Industrial Space for Farming

      6,000 SF industrial facility on 4.3 acres with advanced setup.
      1760 Renaissance 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
    • $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
    • $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
    • New
      $975,000
      11,696 SF

      Historic Niles Building For Sale

      Downtown Niles building with gym and residential tenants.
      115 E Main St, Niles, MI 49120
      View Details
    • New
      $269,900
      0.20 Acres

      Niles Multifamily Investment Opportunity

      Two-unit property with potential for a third unit.
      622 N 13Th St, Niles, MI 49120
      View Details

    FAQs

    What type of property is this?
    Bowling alley - Family-friendly entertainment center with bowling, arcade, sports bar.
    Where is this bowling alley located?
    The property is located at 2732 S 11Th St Niles, MI.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - Family-friendly entertainment center with diverse activities.; - 24 bowling lanes with automatic scoring.; - Established sports bar with a full menu.
    (574) 298-8980
    Request Owner's contact information
    2732 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.
    2732 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
    2732 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
    James H Ringler
    James H Ringler
    Real Estate License ID: 6506039076
    (574) 298-8980 (574) 271-4060 (574) 485-1561
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!