2931-2945 Niles Ave St. Joseph, MI 49085
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.