Industrial Flex Property with
2534 S 11th Street Niles, MI 49120
2534 S 11th Street, Niles, MI, 49120
Contact for pricing
For Sale
Contact for pricing
Flex-style commercial property with newly remodeled offices, lab space, four overhead doors, and more than 50 parking spaces.
Property Size12,502 SF
Price / SF$143.98
Days on Market399
Property Features for 2534 S 11th Street
General Information
- Standard status
- Active
- Size
- 12,502 SF
- Property subtype
- Industrial, Retail, Office
Building Details
- Year Built
- 1947
Listing agency
D. Mottl Realty LLC
Listed by
Matthew Money · License #6501428556
Source
Crexi
Added: Jun 20, 2025 Updated: Jul 23 at 12:16AM Checked: Jul 23 at 12:16AM
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 D. Mottl Realty LLC
Investment Insights
Based on property information with market context.
This commercial flex property offers more than 12,000 square feet of versatile space on approximately 2 acres, with four overhead doors supporting industrial and light manufacturing workflows. The interior includes newly remodeled office spaces and restrooms, and the basement level is described as a functional lab. Additional improvements include multiple workshops and a loading dock, along with a greenhouse.
The property is located in Niles Township on high-traffic S 11th Street, providing direct access for customers, employees, and deliveries.
Additional site and utility highlights include three-phase electric and more than 50 parking spaces. Auto lifts are not included in the sale, and proof of funds is required prior to showing.
The property is located in Niles Township on high-traffic S 11th Street, providing direct access for customers, employees, and deliveries.
Additional site and utility highlights include three-phase electric and more than 50 parking spaces. Auto lifts are not included in the sale, and proof of funds is required prior to showing.
Key Highlights
- Approximately 12,000+ SF commercial/flex space on about 2 acres in Niles Township
- High‑traffic frontage on S 11th Street with access to 50+ parking spaces
- Four overhead doors plus loading dock for efficient industrial or commercial operations
Local Financial Insights For Office B
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 | $213.0k | $17.04 |
| − Vacancy | −$29.4k | −$2.35 |
| EGI | $183.6k | $14.69 |
| − OpEx | −$45.9k | −$3.67 |
| NOI | $137.7k | $11.02 |
12,502 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.97M
$1.72M – $2.30M
NOI $137,727 @ 7.0% cap · market cap 7.65%
Second Best
Flex RnD
$894.2K
$782.4K – $1.04M
NOI $62,595 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$2.63M
$2.30M – $3.07M
NOI $184,153 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
ENCORE AUTO
Car Dealership
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex-style commercial property with newly remodeled offices, lab space, four overhead doors, and more than 50 parking spaces.
Where is this flex space located?
The property is located at 2534 S 11th Street Niles, MI.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Approximately 12,000+ SF commercial/flex space on about 2 acres in Niles Township; High‑traffic frontage on S 11th Street with access to 50+ parking spaces; Four overhead doors plus loading dock for efficient industrial or commercial operations
