Financial
Distress signals
Property profile

1521 E Main St Niles, MI 49120

FOR SALE
Other commercial real estate
Property ID
US43-4048569
1,532 SF 0.24 ac lot Built 1919
Individually Owned Owner of record is an individual. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This garden center property, located at 1521 E Main Street in Niles, Michigan, was built in 1926 and contains approximately 6,000 square feet of indoor space configured for nursery and garden center use, including greenhouse space, a showroom, and design and preparation areas. An indoor gazebo-style area adjacent to the showroom is included as a distinct interior feature that can support additional functional uses within the building. The site provides ample parking and multiple driveways to

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?
$2k
Tax billed · 2023
Assessed value · 2024$50k
Effective rate3.63%

Value estimate

· Sep 2026
$140k
$126k – $154k
NOI build-up
Gross scheduled income$132k
Vacancy & credit loss−$6k
Operating expenses−$38k
NOI · 20.76% cap applied$88k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$121/SF
County average, outlier-cleaned · 46 recorded sales of this use type
Observed band · Q1–Q3$49 – $187

Cap rate analysis

How does the asset earn?
20.76%
$88k 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?
LDR
LDR Low Density Residential MDR Moderate Density Residential NC Neighborhood Center OC Office/Commercial OS Open Space RC Regional Commer...
General categoryRESIDENTIAL
JurisdictionBERRIEN

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office16.7
Law Firm11.9
Hair Salon11.6

Location

1521 E Main St Niles, MI 49120
County assessor Recorded deeds · not on file 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2522 11th, Niles, MI 49120-4416 $95,000 Aug 2024 1,232 SF
3020 Woodlawn, Niles, MI 49120-4738 $140,000 Dec 2023 1,200 SF
2907 11th, Niles, MI 49120-4750 $50,000 Oct 2023 992 SF
2510 11th, Niles, MI 49120-4762 $615,000 Mar 2023 3,080 SF
7 3rd, Niles, MI 49120-2736 $75,000 Nov 2022 2,834 SF
1616 Old Us 31, Niles, MI 49120-8995 $109,000 Jun 2022 780 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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