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    2931-2945 Niles Ave St. Joseph, MI 49085

    Sponsored
    For Sale
    $695,000

    7,271 SF, Two Buildings, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 2931-2945 Niles Avenue in St. Joseph, Michigan, presents a unique investment opportunity. The property comprises two buildings totaling 7,271 square feet situated on a 0.16-acre lot. One building, at 2931 Niles Avenue, currently functions as an office space, featuring exam rooms, spacious meeting areas, and a restroom. The adjacent building, 2945 Niles Avenue, previously operated as a restaurant, and retains a large dining area with existing tables and chairs, a fully equipped kitchen area, three restrooms, a utility room, and a substantial storage area. A significant attached garage, accessible via a large overhead door from the alley, adds considerable versatility. The seller retains a 29.5% ownership stake in the shared parking lot and alley, ensuring convenient access and ample parking for patrons and employees. Shared parking is available to the west of the buildings, while an alleyway provides convenient rear access. The property's high visibility and versatile layout make it ideal for a variety of commercial uses. The asking price for this exceptional property is $695,000. This is a rare opportunity to acquire a substantial commercial property in a desirable location. The property is zoned for commercial use and is ready for immediate occupancy.

    Property Features for 2931-2945 Niles Ave

    General Information

    Property type
    Specialty properties
    Lot Size
    6,970 SF

    HighLights

    • Asking price: $695,000
    • Property type: Special Purpose, 7,271 square feet, two buildings on a 0.16‑acre lot in St. Joseph, MI.
    • Building features: One building currently used as office space with exam rooms and meeting areas; adjacent building previously a restaurant with dining area, kitchen, and restrooms; large attached garage with alley access.
    • Parking and access: Shared parking available; alley access to rear of building; seller owns 29.5% of parking lot and alley.
    • High‑visibility location on Niles Avenue in St. Joseph, Michigan.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    St. Joseph
    County
    Berrien
    State
    Michigan
    Longitude
    -86.4639683
    Latitude
    42.063736

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    FAQs

    What type of property is this?
    Specialty property - 7,271 SF, Two Buildings, Prime Location
    Where is this specialty property located?
    The property is located at 2931-2945 Niles Ave St. Joseph, MI.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Asking price: $695,000; Property type: Special Purpose, 7,271 square feet, two buildings on a 0.16-acre lot in St. Joseph, MI.; Building features: One building currently used as office space with exam rooms and meeting areas; adjacent building previously a restaurant with dining area, kitchen, and restrooms; large attached garage with alley access.
    (269) 210-8227
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    2931-2945 Niles Ave St. Joseph, MI 49085
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    St. Joseph, MI 49085
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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
    2931-2945 Niles Ave St. Joseph, MI 49085
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