1217 Stateline Rd Niles, MI 49120-4729
This expansive Niles, MI commercial property offers 4,800 square feet of versatile space, ideally suited for a variety of uses. Situated on a generous 2.01-acre double lot, the building boasts 12 bedrooms, three full bathrooms, and three half bathrooms. A full kitchen, multiple sitting areas, a storage shed, and a garage are included. Previously utilized as an elderly care facility, the property's layout is well-suited for similar uses, such as assisted living or daycare. The existing furnishings are included in the sale price of $389,000. Upstairs, there are staff living quarters, providing additional convenience and flexibility. The ample space and versatile design offer significant potential for entrepreneurs and investors seeking a substantial commercial property in a prime location. The property's size and features present numerous possibilities for adaptation and redevelopment, making it an attractive investment opportunity. With its extensive square footage and expansive lot, this property is ready for its next chapter. The building's history as an elderly care facility provides a solid foundation for similar ventures, but its adaptability allows for a wide range of commercial uses. The inclusion of all furnishings simplifies the transition for the new owner.
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Blessed Home Adult Foster Care Nursing Home Retirement Community
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Grace Braiding Salon & Beauty Hair Salon Nail Salon
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.