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Property profile & analytics
OFF-MARKET
Retail space
105 Main St, Niles, MI 49120-2224
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-3678370
Property summary
AI-generated overview
This exceptional three-story mixed-use building in Niles, Michigan presents a unique investment opportunity. Completely renovated within the last three years, this 5,700 square foot property boasts a captivating urban aesthetic, seamlessly blending original architectural details like soaring ceilings and exposed brick with modern upgrades. The main floor is currently leased to Radio Shack, providing immediate income. The second floor comprises two separate one-bedroom, one-bathroom units, each with its own keyed entry, offering additional rental potential. The highlight is the stunning third-floor unit, a fully furnished 1900 square foot, three-bedroom, two-bathroom residence completed in 2024. This unit is ideal for short-term or long-term rentals. The flexibility of this property allows for various income strategies
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
5,880 SF
Lot
0.04 ac (1,960 SF)
Zoning code
CB
APN
72-3920-0001-03-0
UPID
US43-3678370
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
Current use
Occupant on record · Public records
-
Urban Suites at Gather Hotel & Motel Resort
-
Luvability Ministries Charitable Organization Social Service Agency
-
St. Boniface Lutheran Church Church
-
RadioShack / ReddHill Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
T A D D Holdings LLC · 3 yrs held
T A D D Holdings LLC
since 2022
Last sale
$320,000
2 recorded transactions
Zoning & alternative use
CB · Niles, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Niles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Niles submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,755
Tax year 2023
Assessed value
$176,300
Assessed 2024
Previous assessed
$157,700
+11.8% YoY
Effective rate
4.97%
On assessed value
Total market value
$352,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Stories
3
Total area
5,880 SF
Lot
0.04 ac (1,960 SF)
Zoning code
CB
APN
72-3920-0001-03-0
UPID
US43-3678370
Jurisdiction
BERRIEN
Zoning & alternative use
CB · Niles, MI
Zoning CB · permitted uses
CB · Niles, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Niles. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Stories
3
Lot
0.04 ac
Current owner
From public records · entity-resolved
T A D D Holdings LLC
Entity
Mailing address
816 TOTOMEE LN, NILES, MI 49120-3043
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2022
$320,000
T A D D Holdings LLC
Paul Kelleher
Warranty Deed
$376,000 · Farmers State Bank
Feb 20, 2020
$115,000
Paul Kelleher
Scott L Bishop
Warranty Deed
$92,000 · Honor Cu
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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