2144 Oak St, Niles, MI 49120-3764
This exceptional business opportunity in Niles, MI, presents a fully equipped auto repair shop spanning 2,856 square feet. The property boasts a large three-car garage, ideal for servicing multiple vehicles simultaneously. The recently renovated office space offers a modern and efficient workspace, complete with two updated bathrooms, new lighting fixtures, and a brand-new roof. Ample storage is available within the office itself, ensuring a well-organized and productive environment. Further storage solutions are provided by a sizable back barn, adding significant flexibility for inventory, tools, or equipment. The nearly 0.8-acre lot provides ample space for operations and maneuvering. This prime location sits in a high-traffic area, ensuring excellent visibility and accessibility for customers. The property is offered at $179,500, and a lease option is available for those seeking additional flexibility in their acquisition strategy. This turnkey operation is perfect for an established business seeking expansion or a new venture looking for a ready-made space to thrive. The combination of a well-maintained building, ample storage, and a desirable location makes this an attractive investment opportunity. The updated facilities and the lease option provide a unique blend of immediate usability and long-term potential.
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.