Retail Building with Road
2229 S 11th Street Niles, MI 49120
2229 S 11th Street, Niles, MI, 49120
$490,000
For Sale
$490,000
Retail building offers 2,700 SF with three restrooms, 186 feet of road frontage, and a roof replaced in 2021.
Property Size2,700 SF
Price / SF$181.48
Days on Market355
Property Features for 2229 S 11th Street
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Property subtype
- Business Opportunity
Building Details
- Year Built
- 1988
Listing agency
Front Door Real Estate Team
(269) 240-5929
Listed by
Heather Flannery
(269) 240-5929
Source
Phgrealty
Added: Aug 2, 2025 Updated: Jul 22 at 3:28AM Checked: Jul 22 at 3:28AM
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 Front Door Real Estate Team
Investment Insights
Based on property information with market context.
This retail building provides 2,700 square feet of versatile space for a commercial operation. The property includes three bathrooms and sits on a substantial lot designed to support parking, outdoor displays, or future expansion.
The building features 186 feet of road frontage, providing visibility and convenient customer access. Recent improvements include a brand-new roof installed in 2021.
Offered for sale in Niles Township, the site’s combination of road frontage and outdoor-ready lot area supports a range of retail uses and configurations within the existing building.
The building features 186 feet of road frontage, providing visibility and convenient customer access. Recent improvements include a brand-new roof installed in 2021.
Offered for sale in Niles Township, the site’s combination of road frontage and outdoor-ready lot area supports a range of retail uses and configurations within the existing building.
Key Highlights
- Retail/commercial building offers 2,700 SF of versatile space for business use
- Three bathrooms/restrooms in the building
- 186 feet of road frontage for visibility and easy customer access
Local Financial Insights For Retail
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 | $41.8k | $15.48 |
| − Vacancy | −$1.8k | −$0.65 |
| EGI | $40.0k | $14.83 |
| − OpEx | −$12.0k | −$4.45 |
| NOI | $28.0k | $10.38 |
2,700 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$400.4K
$350.4K – $467.1K
NOI $28,028 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$568.2K
$497.1K – $662.9K
NOI $39,771 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Jess Kellem's Motor ...
Car Dealership
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Retail building offers 2,700 SF with three restrooms, 186 feet of road frontage, and a roof replaced in 2021.
Where is this storefront property located?
The property is located at 2229 S 11th Street Niles, MI.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Retail/commercial building offers 2,700 SF of versatile space for business use; Three bathrooms/restrooms in the building; 186 feet of road frontage for visibility and easy customer access
