2203 Spansail Dr Niles, MI 49120
48-unit multifamily community in Niles, Michigan.
Type:Multifamily
Lot size:
2.61 Acres- Added:
- Apr 3, 2026
- Days on Market:
- 20
- Last Refresh:
- Apr 3 at 5:09 am
Property Features for 2203 Spansail Dr
General Information
- Standard status
- Active
- Lot size
- 2.61 Acres
- Property subtype
- Multifamily
Listing agent Aaron Kuroiwa License #IN: RB17000780 (317) 218-5330
Listing office Indianapolis Office (317) 218-5330
Listing date Apr 3, 2026
Source Marcusmillichap
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All listing content including descriptions, pricing, images are the copyrighted material of Indianapolis Office
Overview
Spansail Court Apartments in Niles
Spansail Court Apartments is a 48-unit multifamily community located in Niles, Michigan, within the South Bend–Mishawaka MSA. Constructed in 1980 with select updates completed in 2000, the property consists of four three-story residential buildings situated on 2.61 acres. The community features a unit mix of 75% two-bedroom units and 25% one-bedroom units. Spansail Court has benefited from over $250,000 in recent capital improvements, highlighted by newly shingled roofs in 2020. Located less than 30 minutes from South Bend’s primary employment corridors, the property benefits from proximity to the region’s institutional employment base, including healthcare systems, higher education, and advanced manufacturing employers. The surrounding submarket is defined by limited new multifamily development, a stable renter population, and historically strong occupancy levels. With solid in-place operations, a functional unit mix, and embedded rent growth relative to market, Spansail Court offers investors a stabilized acquisition with both current income and long-term value appreciation potential.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Niles
- County
- Berrien
- State
- Michigan
- Longitude
- -86.226827
- Latitude
- 41.825266
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 48-unit multifamily community in Niles, Michigan.
Where is this apartment building located?
The property is located at 2203 Spansail Dr Niles, MI.
What are key features of this property?
This property features: Located in a stable submarket with limited new multifamily development and historically strong occupancy.; Benefits from **over $250,000 in recent capital improvements**, including newly shingled roofs in 2020, reducing near‑term capital needs.; Durable unit mix of 75% two‑bedroom and 25% one‑bedroom units, aligning with the area's renter base.
