2640 S 11th St, Niles, MI 49120
Redevelopment property suitable for automotive or retail use.
- Added:
- Jul 1, 2024
- Days on Market:
- 736
- Last Refresh:
- Jun 28 at 1:38 am
Property Features for 2640 S 11th St
General Information
- Standard status
- Active
- Size
- 5,840 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1940
Listing office NAI Cressy - Mishawaka (269) 699-5502
Listing date Jul 1, 2024
Source Crexi
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 NAI Cressy - Mishawaka
HighLights
- Great location
- Redevelopment property
- Current use: used car sales business
- Year Built: 1940
Overview
Local Financial Insights For Specialty 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 | $90.4k | $15.48 |
| − Vacancy | −$3.8k | −$0.65 |
| EGI | $86.6k | $14.83 |
| − OpEx | −$21.7k | −$3.71 |
| NOI | $65.0k | $11.12 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- U-Haul Neighborhood Dealer — 1293 S 11th St, Niles, MI 49120
- 2007 Ford Fusion V6 SE 4dr Sedan — 344 Fort St, Niles, MI 49120
- Enterprise Rent-A-Car — 1125 Marion St, Niles, MI 49120
Location Insight
- Map
- Local Demand
- City
- Niles
- County
- Berrien
- State
- Michigan
- Longitude
- -86.251598
- Latitude
- 41.777043
