115 Main St Niles, MI 49120-2224
Property profile & analytics
115 Main St Niles, MI 49120-2224
- Retail space
- 11,352 SF
- 0.20 lot acres
Property ID
US43-3146146
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Sport Track Physical Therapy and Human Performance / Medical Clinic
- Elevate 24 SLR / Gym & Fitness Center
Property Details for 115 Main St
- Lot size
- 0.20 lot acres
- Property size
- 11,352 SF
- Zone code
- CB
- Property type
- Retail space
- APN
- 72-3920-0003-00-8
- APU
- 7239200003008
Description
This exceptional investment opportunity presents a fully occupied, 11,696 square foot industrial building situated on a 0.2-acre lot in the heart of downtown Niles, Michigan. The property boasts a substantial 11,696 square feet of finished space on the main floor, currently leased to a thriving fitness center, guaranteeing consistent rental income. Adding to its financial strength, the building includes nearly 9,000 square feet of clean, usable basement space, offering significant potential for expansion or additional rental opportunities. Two upper-level units are leased as long-term residential spaces, further diversifying the income stream and maximizing the property's return on investment. A comprehensive remodel was completed in 2022, ensuring the building is in excellent condition and well-maintained. Currently operating at 100% occupancy, this property represents a rare chance to acquire a stable, high-performing asset with significant upside potential. The prime downtown location provides excellent visibility and accessibility, making it an attractive proposition for both current tenants and future prospects. This is a turnkey investment ready to generate immediate income and long-term growth. The property's strong tenant base and recent renovations contribute to its exceptional value and make it an ideal addition to any investment portfolio.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Niles
- County
- Berrien
- State
- Michigan
- Longitude
- -86.2579
- Latitude
- 41.8302
- CBSA code
- 35660
- CBSA name
- NILES-BENTON HARBOR, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,553
$0.00
$0.00
$83,800
-
$0.00
$0.00
$167,600
