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Property profile & analytics
OFF-MARKET
Specialty properties

2931-2945 Niles Ave St. Joseph, MI 49085

0.16 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Specialty properties
Lot 0.16 ac (6,970 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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