122 Grant Street Niles Niles, MI 49120
Updated office and medical building with exam rooms, offices, dedicated employee area, and ample basement storage.
- Added:
- Jul 10, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 11 at 2:27 am
Property Features for 122 Grant Street Niles
General Information
- Standard status
- Active
- Size
- 5,000 SF
Building Details
- Year Built
- 1955
Listing office (269) 399-5881
Listing date Jul 10, 2026
Source Remax-executive
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Eric Essenburg
Investment Insights
Based on property information with market context.
The property is located close to downtown Niles and across the street from the hospital.
With its multiple exam room and office configuration, dedicated employee amenities, and basement storage, the building is designed to support a medical or professional office use.
Key Highlights
- Updated 5,280 SF office/medical building with exam rooms and offices on a single 1‑story structure
- Across the street from the hospital and close to downtown Niles
- Updates in 2016 include HVAC, roof, water softeners, and the parking lot
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $106.8k | $21.36 |
| − Vacancy | −$13.9k | −$2.78 |
| EGI | $92.9k | $18.58 |
| − OpEx | −$37.2k | −$7.43 |
| NOI | $55.7k | $11.15 |
