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    405 2Nd St Niles, MI 49120

    Sponsored
    For Sale
    $249,000

    Established Restaurant, Liquor License Included

    Property size:
    6,108 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional opportunity presents a 6,108-square-foot former restaurant, the "Cowboy Saloon," ideally situated in Niles, Michigan's vibrant Central Business District (CB zoning). Located at 405 & 411 N 2nd St, this property boasts 157 feet of frontage on a major thoroughfare, ensuring high visibility and accessibility. Built in 1940, the single building sits on a half-acre lot (APN: 11-72-3110-0008-00-1

    Property Features for 405 2Nd St

    General Information

    Property type
    Restaurants
    Square Feet
    6,108 SF
    Lot Size
    21,780 SF

    Building Details

    Year Built
    1940
    Buildings
    1

    HighLights

    • 6,108 SF former restaurant, "Cowboy Saloon," in Niles, MI's Central Business District (CB zoning).
    • High‑visibility location with 157 feet of frontage on a major thoroughfare.
    • Half‑acre lot (APN: 11‑72‑3110‑0008‑00‑1), built in 1940.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cowboy Saloon Club

    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
    -86.257029
    Latitude
    41.8321619

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, Liquor License Included
    Where is this restaurant located?
    The property is located at 405 2Nd St Niles, MI.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: 6,108 SF former restaurant, "Cowboy Saloon," in Niles, MI's Central Business District (CB zoning).; High-visibility location with 157 feet of frontage on a major thoroughfare.; Half-acre lot (APN: 11-72-3110-0008-00-1), built in 1940.
    Request Owner's contact information
    405 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
    405 2Nd St Niles, MI 49120
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