Financial
Distress signals
Property profile

2926 Niles Ave St Joseph, MI 49085

FOR LEASE
Grocery and convenience stores
Property ID
US43-3498717
3,200 SF 0.21 ac lot Built 1961
Last sale Apr 2024 · $1,035,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A retail storefront suite is located along Niles Avenue (M-63), positioned for street-level visibility within an established retail corridor between I-94, Benton Harbor, and downtown St. Joseph. The property sits on a heavily traveled roadway that carries more than 20,000 vehicles per day, and the surrounding area is supported by a daytime population associated with nearby employers and service destinations as well as an established residential base. The immediate vicinity includes a mix of…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value · 2024$139k
Effective rate4.87%

Value estimate

· Sep 2026
$1.04M
$932k – $1.14M
AI approach$1.04M
NOI build-up
Gross scheduled income$50k
Vacancy & credit loss−$2k
Operating expenses−$14k
NOI · 199,393.76% cap applied$33k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
199,393.76%
$33k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C
JurisdictionBERRIEN

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply22.8
Law Firm19.6
Wholesale Shop18.6

Location

2926 Niles Ave St Joseph, MI 49085
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1607 Lakeshore, Saint Joseph, MI 49085-1635 $120,000 Aug 2024 3,257 SF
715 Broad, Saint Joseph, MI 49085-2280 $475,000 Apr 2024 3,911 SF
1614 Lakeview, Saint Joseph, MI 49085-1641 $190,000 Jun 2022 3,552 SF
Saint Joseph, MI 49085 $263,000 Jan 2022 4,000 SF
Saint Joseph, MI 49085 $179,900 Oct 2021 3,184 SF
4097 Hollywood, Saint Joseph, MI 49085-9156 $589,000 May 2021 3,670 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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