Property summary
This exceptional 33,972 square foot commercial property, located at 2439 S 11th Street in Niles, Michigan, presents a unique investment opportunity. Situated on a 1.15-acre lot, this property boasts a versatile layout designed to accommodate a wide range of business operations. The building's zoning allows for general commercial use, and importantly, benefits from Niles Township's recently enacted marijuana ordinance, opening doors to a new category of potential businesses. Its strategic location, less than two miles from the Indiana state line, ensures high traffic visibility with over 17,000 vehicles passing daily. The property is intelligently designed with a front section specifically configured for retail and office space, providing a professional and customer-friendly environment. The rear section is ideally suited for industrial purposes, offering ample space for manufacturing, warehousing, or other large-scale operations. This combination of retail/office and industrial space makes this property exceptionally adaptable to a variety of business models. The asking price for this significant commercial property is $5,200,000. This is a rare opportunity to acquire a substantial and strategically located property in a growing area.
Property profile
VerifiedCap rate & NOI
Current use
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Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
GB · Niles, MIZoning
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Zoning designation
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