Mixed-Use Property with Development
For Sale
$300,000
Pending
2394 Yankee Street, Niles, MI 49120
Nearly 1.5-acre mixed-use property with existing rentals and development potential.
Property Size500 SF
Lot Size1.50 Acres
Days on Market168
Property Features for 2394 Yankee Street
General Information
Standard status
Pending
Size
500 SF
Lot size
1.50 Acres
Property subtype
Residential Income / Multi Family
Taxes and HOA fees
Annual Taxes
$4,339
Amenities
Forced Air, Yes
No
Forced Air
Other
0.0
Vinyl Siding
Building Details
Year Built
1970
Units
5
Listing Agency:
R1 Property Group
Listed By:
John Tiffany · License #6506049402
(574) 254-7653
Source:
Compass
Added: Apr 22
Changed: Sep 25
Last Checked: Oct 5 at 8:56PM
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 R1 Property Group
Investment Insights
Based on property information with market context.
This property, zoned C-1 Mixed Use, offers developmental potential on nearly 1.5 acres. It currently features a leased house at the front, two manufactured duplexes, and 11 cabins, with the potential for additional housing. The property offers the option to either renovate the existing structures for rental income or remove them to facilitate new development. Currently, six units are leased at $500 per month, and the house in front is leased for $1,200 per month. The bike score is 29, indicating it is somewhat bikeable, and the walk score is 11, indicating car dependence.
Key Highlights
- High developmental potential due to C‑1 Mixed Use zoning on nearly 1.5 acres.
- Existing income stream from leased units (6 units at $500/month and a house at $1,200/month).
- Seller financing available for qualified buyers.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
28
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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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Nearly 1.5-acre mixed-use property with existing rentals and development potential.
Where is this multifamily property located?
The property is located at 2394 Yankee Street Niles, MI.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: High developmental potential due to C‑1 Mixed Use zoning on nearly 1.5 acres.; Existing income stream from leased units (6 units at $500/month and a house at $1,200/month).; Seller financing available for qualified buyers.
