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    1521 Main St Niles, MI 49120

    Sponsored
    For Sale
    $675,000

    Historic Niles retail space, 8,500 sq ft, high traffic.

    Property size:
    8,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property at 1521 E Main St, Niles, MI 49120, offers a unique investment opportunity. The 8,500 square foot space comprises multiple buildings situated on a prominent corner lot (0.21 acres) in a high-traffic area, ensuring excellent visibility for your business. Built in 1926, the property includes a substantial 6,000 square foot greenhouse, a showroom, and a dedicated prep area for design and arrangement. The property features ample parking with multiple driveways for convenient access. The existing structure boasts a mix of construction materials including block, concrete, masonry, frame, steel, and wood. Utilities include public water and sewer, with connections at the street, and natural gas service. The property has a 58-foot frontage and an irregular lot shape. This location presents a fantastic opportunity for a new business or an established enterprise seeking to expand. The property's long history of successful operation (over 100 years) speaks to its enduring appeal and potential. Multiple tax IDs are available. Asking price: $675,000. Six units are included.

    Property Features for 1521 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,500 SF
    Lot Size
    9,148 SF

    Building Details

    Year Built
    1926
    Units
    6

    HighLights

    • Construction: Block, concrete, masonry, frame, steel, or wood.
    • Utilities: Public water and sewer.
    • Fuel: Natural Gas.
    • Year Remodeled: (Information incomplete; requires frontage feet data). Frontage: 58 feet.
    • Lot: Irregularly shaped lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    East Main Gardens ... Florist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Niles
    County
    Berrien
    State
    Michigan
    Longitude
    -86.2388485
    Latitude
    41.8222957

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    FAQs

    What type of property is this?
    Individual retail property - Historic Niles retail space, 8,500 sq ft, high traffic.
    Where is this individual retail property located?
    The property is located at 1521 Main St Niles, MI.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: Construction: Block, concrete, masonry, frame, steel, or wood.; Utilities: Public water and sewer.; Fuel: Natural Gas.
    Request Owner's contact information
    1521 Main St Niles, MI 49120
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1521 Main St Niles, MI 49120
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