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    901 Wayne St Niles, MI 49120

    Sponsored
    For Lease
    $4 SF/Yr

    497,091 SF Warehouse/Manufacturing Space Available

    Lot size:
    497,091 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial property, the Simplicity Building, offers 497,091 square feet of versatile warehouse, manufacturing, and distribution space in Niles, Michigan. Located on a 36-acre lot, this multi-tenant complex boasts a 18,000 KVA (15.3 MW) substation providing substantial power. The building features a 14' to 30' ceiling height, 15 loading docks, and 3 drive-in doors. Ample parking is available with 800 spaces. The property includes a sprinkler system, is fully fenced and secure, and offers multiple high-speed internet options. Divisible spaces range from 5,544 to 174,460 contiguous square feet, with 174,460 square feet currently vacant. Built in 1935 and renovated in 1972, this two-story Class C building is zoned I-2. Its strategic location near US-31, US-12, and the I-80/90 Indiana Toll Road, along with proximity to the Elkhart intermodal yard and Chicago, provides excellent transportation access. Air terminal service is conveniently located 20 minutes away. The property is a certified HUB Zone location and has potential for rail service. APN: 11-71-0026-0030-00-6

    Property Features for 901 Wayne St

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    497,091 SF
    Class
    C
    Total Rate
    165697

    Building Details

    Year Built/Renovated
    1935/1972
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    174,460 SF
    Rate per SF
    $8

    HighLights

    • 497,091 SF warehouse/manufacturing facility on a 36‑acre lot in Niles, MI.
    • Divisible spaces available, ranging from 5,544 SF to 174,460 SF (174,460 SF currently vacant).
    • Fully fenced and secured with a security system.
    • 30' ceiling height, 15 loading docks, and 3 drive‑in doors.
    • 40,000 SF of air‑conditioned office space with high‑speed internet access.
    • Excellent location near major highways (US‑31, US‑12, I‑80/90) and the Elkhart intermodal yard.
    Property Profile Location Intelligence

    Current Use by Public Records

    Anthos Manufacturer IAK Wholesale Wholesaler Craft Hydroponic Agricultural Service KMMTelecommunications Warehouse

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Niles
    County
    Berrien
    State
    Michigan
    Longitude
    -86.2472861
    Latitude
    41.8371217

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    Nearby Similar for Lease

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      Restaurant space with additional lot available for sublease.
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      Niles, MI Office Suites Available

      Downtown Niles office space, flexible sizes.
      306 Main St, Niles, MI 49120
      View Details
    • $3 SF/Yr
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      Niles Industrial Plant - 70,946 SF

      Large Manufacturing Space Available
      1313 Airport Rd, Niles, MI 49120
      View Details
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      Retail Space with Drive-Thru Potential

      Retail space with high traffic and national co-tenants.
      2714 S 11Th St, Niles, MI 49120
      View Details
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      Retail Space with Drive-Thru Potential

      Retail space with high traffic and drive-thru potential.
      2726 S 11Th St, Niles, MI 49120
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    • $5 SF/Yr
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      Industrial Space Available for Lease

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    FAQs

    What type of property is this?
    Flex space - 497,091 SF Warehouse/Manufacturing Space Available
    Where is this flex space located?
    The property is located at 901 Wayne St Niles, MI.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: 497,091 SF warehouse/manufacturing facility on a 36-acre lot in Niles, MI.; Divisible spaces available, ranging from 5,544 SF to 174,460 SF (174,460 SF currently vacant).; Fully fenced and secured with a security system.
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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
    901 Wayne St Niles, MI 49120
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