Building Details

Year Built 1971

Buildings 1

Units 1

Building Size 11,520 SF

Listing Agency: Cressy Commercial Real Estate

Listed By: Ryan Gableman · License #RB14049453 Show Phone

Source: Elliman

Added: Oct 7 Last Checked: Oct 7 at 2:30PM

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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 Cressy Commercial Real Estate

Investment Insights

Based on property information with market context.

The 11,520-square-foot flex building combines a 6,470-square-foot showroom with 4,330 square feet of warehouse-style storage and work space, plus a 545-square-foot office. The work area has 13-foot ceilings and two grade-level overhead doors. The layout can serve one user or be arranged for two tenants with separate functional areas. The roof was replaced two years ago, and the building has gas forced-air heat and central air conditioning. Built in 1971, the property occupies approximately 1.22 acres and includes on-site parking for 20 to 25 vehicles.

Located at 2607 S 11th St in Niles Township, the property has a Walk Score of 20 and a Bike Score of 30.

Key Highlights

• 11,520 SF building on approximately 1.22 acres
• 6,470 SF showroom, 4,330 SF warehouse‑style area, and 545 SF office
• 13‑foot ceilings and two grade‑level overhead doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$62,496

Cap Rate

6.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,249,920 $1.2M

Cap Rate 7%

$892,800 $892.8K

Cap Rate 9%

$694,400 $694.4K

Market Conditions

NOI Build-Up for 11,520 SF

Gross rent

$80.2K $6.96/SF

− Vacancy

−$6.7K −$0.58/SF

EGI

$73.5K $6.38/SF

− OpEx

−$11.0K −$0.96/SF

NOI

$62.5K $5.42/SF

Area

Berrien County, MI

Vacancy

8.30%

Lease Rate

$6.96 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,249,920

Cap Rate 7%

$892,800

Cap Rate 9%

$694,400

Alternative Uses

Best Use

Retail

$1.71M

$1.49M – $1.99M (±1% cap)

NOI $119,588 @ 7.0% cap · market cap 12.27%

Second Best

Warehouse

$892.8K

$781.2K – $1.04M (±1% cap)

NOI $62,496 @ 7.0% cap · market cap 6.41%

Theoretical Best

Office A

$2.42M

$2.12M – $2.83M (±1% cap)

NOI $169,688 @ 7.0% cap · market cap 17.40%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Bunk & Biscuit Training ... Animal Training The Cat's Meow Kennel & Boarding Facility naomi's hotel Hotel & Motel

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Law Firm Building Supply Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Drive-in doors

Location Intelligence

Trade Area within ½ mile

181

Businesses Nearby

Under-served

Demand for This Use

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 Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - A versatile interior supports showroom, storage, work, and office functions, with capacity for one or two occupants.

Where is this flex space located?

The property is located at 2607 S 11th St Niles, MI.

What is the asking price?

The asking price for this property is $975,000.

What are key features of this property?

This property features: 11,520 SF building on approximately 1.22 acres; 6,470 SF showroom, 4,330 SF warehouse‑style area, and 545 SF office; 13‑foot ceilings and two grade‑level overhead doors