Spansail Court
For Sale
Contact for pricing
Pending
2209 Spansail Dr, Niles, MI 49120
48-unit multifamily community in Niles, Michigan.
Property Size39,225 SF
Lot Size2.61 Acres
Days on Market185
Property Features for 2209 Spansail Dr
General Information
Standard status
Pending
Size
39,225 SF
Class
C
Lot size
2.61 Acres
Property subtype
Multifamily
Occupancy
100%
Building Details
Year Built
1980
Buildings
4
Stories
3
Units
48
Listing Agency:
Marcus & Millichap - Indianapolis
Listed By:
Aaron Kuroiwa · License #IN RB17000780
Source:
Crexi
Added: Feb 17
Changed: Aug 8
Last Checked: Jul 24 at 6:07PM
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 Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
Spansail Court Apartments is a 48-unit multifamily community located in Niles, Michigan. 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. The property has a total size of 39225 square feet.
Key Highlights
- 48‑unit multifamily community in Niles, Michigan (South Bend–Mishawaka MSA).
- Recent capital improvements of over $250,000, including new roofs in 2020.
- Desirable unit mix of 75% two‑bedroom and 25% one‑bedroom units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
111
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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 2209 Spansail Dr Niles, MI.
What are key features of this property?
This property features: 48‑unit multifamily community in Niles, Michigan (South Bend–Mishawaka MSA).; Recent capital improvements of over $250,000, including new roofs in 2020.; Desirable unit mix of **75% two‑bedroom and 25% one‑bedroom units**.
