Divisible Industrial
2112 Industrial Drive Entire Building, Niles, MI 49120
For Sale
Contact for pricing
The building can be configured as three separate sections for a range of industrial space requirements.
Property Size31,656 SF
Price / SF$0.00
Days on Market15
Property Features for 2112 Industrial Drive Entire Building
General Information
Standard status
Size
Additional Details
Highway Access
Building Details
Buildings
Building Size
Listing Agency:
NAI Wisinski of West Michigan
(269) 353-0311
Listed By:
Josh Jacobs · License #MI 6502394333
(914) 374-2694
Source:
Jimdehaan
Added: Oct 26
Changed: Oct 28
Last Checked: Nov 8 at 5:42AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 31,656-square-foot industrial building is arranged to allow division into three sections, offering flexibility in how the space is occupied. The property is located at 2112 Industrial Drive in Niles, Michigan.
Rail proximity and highway access serve the site, which is situated within Niles Industrial Park. The property information also identifies premium power as a building-related feature.
Rail proximity and highway access serve the site, which is situated within Niles Industrial Park. The property information also identifies premium power as a building-related feature.
Key Highlights
- 31,656 SF industrial building
- Space can be divided into three sections
- Rail proximity and highway access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,427
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,828,540
$2.8M
Cap Rate 7%
$2,020,386
$2.0M
Cap Rate 9%
$1,571,411
$1.6M
Market Conditions
NOI Build-Up for 31,656 SF
Gross rent
$220.3K $6.96/SF
− Vacancy
−$18.3K −$0.58/SF
EGI
$202.0K $6.38/SF
− OpEx
−$60.6K −$1.91/SF
NOI
$141.4K $4.47/SF
Area
Berrien County, MI
Vacancy
8.30%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,828,540
Cap Rate 7%
$2,020,386
Cap Rate 9%
$1,571,411
Alternative Uses
Best Use
Industrial
$2.02M
$1.77M – $2.36M
NOI $141,427 @ 7.0% cap · market cap 2,357,116.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.66M
$5.83M – $7.77M
NOI $466,288 @ 7.0% cap · market cap 7,771,466.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
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
$166,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Industrial properties in Berrien County, MI
Properties on Market for Industrial properties in Berrien County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - The building can be configured as three separate sections for a range of industrial space requirements.
Where is this industrial property located?
The property is located at 2112 Industrial Drive Entire Building Niles, MI.
What are key features of this property?
This property features: 31,656 SF industrial building; Space can be divided into three sections; Rail proximity and highway access
