Property profile

115 MAIN ST Niles, MI 49120

OFF-MARKET
Retail Stores
Property ID
US43-3146146
11,352 SF 0.2 ac lot
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Property summary

AI-generated overview

The property is a historic multi-use building located in downtown Niles, Michigan, on a 0.2-acre lot. It contains 11,696 square feet of finished interior space and includes approximately 9,000 square feet of basement area described as clean. The building layout includes a main-floor commercial unit and two upstairs residential units configured for long-term occupancy; the upstairs units are set up as residential rentals. The building underwent a remodel in 2022 and is documented as having full occupancy, with the current configuration supporting both commercial foot traffic and residential tenancies.

Property profile

Verified
Property type Retail Stores
Total area 11,352 SF
Lot 0.2 ac (8,712 SF)
APN 72-3920-0003-00-8
UPID US43-3146146

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Gym & Fitness Center

Location

115 MAIN ST Niles, MI 49120
Niles metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2021
Last sale
$133,000
4 recorded transactions
2024
Price N/A
2023
Price N/A
2021
$133,000
2017
$65,000
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