410 2Nd StNiles, MI 49120

For Sale
$2,250,000

High-Demand Retail Center, Strong Anchor Tenant

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 31,734 square foot shopping center in Niles, Michigan, presents a compelling investment opportunity. Located at 410 N 2nd St, 49120, this single-story, 1962-built property boasts Dollar General as its anchor tenant, ensuring consistent foot traffic and strong rental income. The property features a recently installed new roof, minimizing future maintenance expenses and maximizing return on investment. Lease terms with existing tenants provide a blend of short-term (2 years) and long-term (7 years) agreements, offering both immediate income and future growth potential. This prime commercial real estate is situated in a high-traffic area of Berrien County, guaranteeing excellent visibility and accessibility. The asking price for this well-maintained retail center is $2,250,000. This property offers a stable income stream and significant potential for long-term appreciation, making it an ideal addition to any diversified investment portfolio. The property's location in Niles, Michigan, provides access to a thriving local market and offers a secure investment opportunity with a proven track record. This is a rare chance to acquire a well-established retail center with a strong anchor tenant and a promising future.

Property Details for 410 2Nd St

Property type
Lifestyle centers, Power centers
Square Feet
31,734 SF
Year Built
1962
Stories
1

Location Insight

City
Niles
County
Berrien
State
Michigan
Latitude
41.832377741077
Longitude
-86.257436525147
410 2Nd St, Niles, Michigan
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410 2Nd St
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