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    517 2Nd St Niles, MI 49120

    Sponsored
    For Sale
    $39,900

    Downtown Niles corner lot, 0.39 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.39-acre commercial land parcel presents a remarkable investment opportunity in the heart of Niles, Michigan's Central Business District. Located at 517 N 2nd Street, this corner lot boasts 120 feet of frontage on N. 2nd Street, offering excellent visibility and accessibility. Its prime location is adjacent to the Niles Housing Commission and near Niles City Hall, with the City of Niles owning adjoining property. The property's zoning permits development for retail or office uses, making it ideal for a variety of commercial ventures. This thriving downtown area is experiencing growth, with eclectic shops, restaurants, and entertainment venues creating a vibrant atmosphere. The property's proximity to Front Street, the St. Joseph River, and Riverfront Park adds to its appeal. Furthermore, its strategic location is just one block from Front Street, offering easy access to the riverfront and park amenities. Conveniently situated only three miles from US 12 and US 31, and six miles north of South Bend, Indiana, and the University of Notre Dame, this property benefits from excellent regional connectivity. This is a rare opportunity to acquire a highly desirable commercial lot in a rapidly developing downtown area. The asking price is $39,900. The property is zoned for Central Business District use within Berrien County, Michigan, zip code 49120.

    Property Features for 517 2Nd St

    General Information

    Property type
    Land
    Lot Size
    16,988 SF

    HighLights

    • Prime corner lot available in the Central Business District.
    • Exceptional downtown location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Niles
    County
    Berrien
    State
    Michigan
    Longitude
    -86.257449930006
    Latitude
    41.83342643082

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    FAQs

    What type of property is this?
    Land - Downtown Niles corner lot, 0.39 acres.
    Where is this land located?
    The property is located at 517 2Nd St Niles, MI.
    What is the asking price?
    The asking price for this property is $39,900.
    What are key features of this property?
    This property features: Prime corner lot available in the Central Business District.; Exceptional downtown location.;
    Request Owner's contact information
    517 2Nd St Niles, MI 49120
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    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
    517 2Nd St Niles, MI 49120
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