Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Industrial Building in Niles Title is generated by Realmo AI

    2112 Industrial Dr Entire Building, Niles, MI 49120

    View on Map
    Claim this Listing
    For Lease
    $3 SF/Yr $7,889/Mo (calc)

    31,556 SF industrial building with premium power and rail proximity.

    Type:Commercial
    Property size:
    31,556 SF
    Added:
    Apr 15, 2026
    Days on Market:
    49
    Last Refresh:
    Apr 1 at 4:24 am

    Property Features for 2112 Industrial Dr Entire Building

    General Information

    Standard status
    Active
    Size
    31,556 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    Josh Jacobs

    Listing agent Josh Jacobs

    Listing office NAI Wisinski of West Michigan

    Listing date Apr 15, 2026

    Source Elliman

    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 NAI Wisinski of West Michigan

    HighLights

    • 31,556 SF industrial building suitable for various operations.
    • Benefit from premium power infrastructure to support demanding industrial needs.
    • Proximity to rail lines for efficient transportation of goods.
    • Convenient highway access facilitating regional connectivity.
    • Located in Niles Industrial Park, an environment engineered for growth.
    • Year Built: 1970

    Overview

    This 31,556 SF industrial building is located in Niles Industrial Park. The property benefits from premium power, proximity to rail transport, and highway access. The surrounding regional ecosystem is designed to support growth opportunities. The property is located in an area that is somewhat bikeable with a score of 41, and car-dependent with a score of 36.
    Location Intelligence

    Current Use by Public Records

    Native Michigan Remedies Industrial Manufacturer

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel Pharmacy Gym & Fitness Center Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Niles
    County
    Berrien
    State
    Michigan
    Longitude
    -86.228545
    Latitude
    41.849006

    Nearby Similar for Lease

    • $18 SF/Yr
      1,650 SF

      Versatile Commercial Space in Niles

      1,650 SF commercial space in the heart of Niles.
      306 E Main Street, Niles, MI 49120
      View Details
    • $8 SF/Yr
      7,920 SF

      Downtown Niles Commercial Opportunity

      Flexible commercial space in downtown Niles with high visibility.
      105 E Main Street, Niles, MI 49120
      View Details
    • $3 SF/Yr
      31,656 SF

      Versatile Industrial Building in Niles

      31,556 SF industrial building in Niles Industrial Park.
      2112 Industrial Drive, Niles, MI 49120
      View Details
    • $18 SF/Yr
      1,650 SF

      Downtown Niles Versatile Commercial Space

      Adaptable 1,650 SF commercial space in downtown Niles.
      306 E Main St 101, Niles, MI 49120
      View Details
    • $1,731,135 SF/Yr
      10,640 SF

      New Dollar General Plus Store

      New Dollar General Plus store in Niles, Michigan for rent.
      1420 E Main St, Niles, MI 49120
      View Details
    • $25 SF/Yr
      3,140 SF

      Former Restaurant with Extra Parking

      Restaurant space with additional lot available for sublease.
      1295 S 11th Street, Niles, MI 49120
      View Details
    • Contact for pricing
      3,000 SF

      Restaurant Space with Drive-Thru Potential

      3,000 SF end-cap with existing restaurant build-out.
      2726 S 11th St #60, Niles, MI 49120
      View Details
    • $19 SF/Yr
      3,000 SF

      Retail Space with Drive-Thru Potential

      Retail space with high traffic and national co-tenants.
      2714 S 11th St, Niles, MI
      View Details
    • $5 SF/Yr

      Retail Building For Lease

      Retail building available for lease.
      2332 S 11th St, Niles, MI 49120
      View Details

    FAQs

    What type of property is this?
    Industrial property - 31,556 SF industrial building with premium power and rail proximity.
    Where is this industrial property located?
    The property is located at 2112 Industrial Dr Entire Building Niles, MI.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: 31,556 SF industrial building suitable for various operations.; Benefit from premium power infrastructure to support demanding industrial needs.; Proximity to rail lines for efficient transportation of goods.
    (269) 353-0311
    We can help!
    Listing Contact
    Josh Jacobs
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2112 Industrial Dr Entire Building, Niles, MI 49120
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!