You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
New search
Property profile & analytics
FOR SALE
Manufacturing properties

1919 Industrial Dr Niles, MI 49120

20,000 SF 1.5 ac lot
Entity Owned Free & Clear
Property ID
US43-2617035
Property summary
AI-generated overview

This exceptional industrial property in Niles, Michigan, presents a compelling investment opportunity. Located within the established Niles Industrial Park, this offering encompasses a versatile 2.2 to 9.24-acre lot zoned for industrial and cannabis uses. The property features a 15,000 square foot steel building kit already on-site, complete with an approved site plan, available for separate purchase. This pre-engineered structure offers significant cost and time savings for potential buyers. The site boasts convenient access to essential utilities, including municipal water and sewer, and benefits from readily available heavy 3-phase power. Its strategic location within the Niles city limits provides easy access to major transportation arteries, including US-12, M-60, and US-31, all within a 4-mile radius. The asking price for the land is $231,000, with a price per square foot of $15.40 based on the existing building kit's footprint. This property is ideal for businesses seeking a ready-to-develop site or a cost-effective solution for expansion in a prime industrial location. The flexible zoning allows for a variety of industrial uses, making it an attractive option for diverse business needs. The combination of land, building kit, and strategic location makes this a truly unique opportunity in the thriving Niles Industrial Park.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Total area 20,000 SF
Lot 1.5 ac (65,340 SF)
Zoning code IND
APN 71-2400-0005-00-0
UPID US43-2617035
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$502k
Blend (final) Blend
$500k
Owner & transaction history
MCELWEE REALTY LLC
MCELWEE REALTY LLC
Zoning & alternative use
IND · Niles, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $815,000 +61.9%
Try Rey
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
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message