1919 Industrial Dr Niles, MI 49120
For Sale
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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.
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
IND · Niles, MINiles. Always verify with local authorities before improvements.
No recorded transactions found for this property.
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.