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Gas Station
New
For Sale
$1,326,022

640 W Chicago Rd, Niles, MI 49120

Available as a standalone acquisition or within a broader multi-property offering.

Property Size1,400 SF
Price / SF$947.16
Days on Market2

Property Features for 640 W Chicago Rd

General Information

Standard status Active
Size 1,400 SF
Property subtype Auto Service - Gas-Conv
Lease Type NNN

Amenities

Long Term Lease | Current Term Runs Through May 2036
Four, Five Year Renewal Options | Built-In Annual Rent Increases
Can be Purchased as an Individual Property or as Part of a Portfolio

Building Details

Building Size 1,400 SF
Listed By: Timothy Nichols · License #License(s): IL: 475.159619
Source: Marcusmillichap
Added: Oct 9 Changed: Oct 10 Last Checked: Oct 10 at 2:39AM

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 Timothy Nichols

Investment Insights

Based on property information with market context.

The gas station at 640 W Chicago Rd in Niles, Michigan, is offered individually or as part of a larger portfolio. The portfolio includes 30 properties: 29 in Michigan and one in Indiana.

Key Highlights

  • Offered individually or as part of a 30‑property portfolio
  • Portfolio spans 29 Michigan properties and one Indiana property

Property Analytics

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Current Use

Admiral Auto Repair Shop Western Union Bank

Suggested Use

Top Pick Parking Lot & Garage Bakery Grocery & Convenience Store Furniture & Home Goods Daycare Center Locksmith

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

Location Intelligence

Trade Area within ½ mile

656
Businesses Nearby
6k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Dollar General Shops & Services
6,012 visits/mo 0.1 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Gas station - Available as a standalone acquisition or within a broader multi-property offering.
Where is this gas station located?
The property is located at 640 W Chicago Rd Niles, MI.
What is the asking price?
The asking price for this property is $1,326,022.
What are key features of this property?
This property features: Offered individually or as part of a 30‑property portfolio; Portfolio spans 29 Michigan properties and one Indiana property
More about this property
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