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    Property profile & analytics
    OFF-MARKET Estimated value $1,165,000
    Retail space

    2439 11th St, Niles, MI 49120-4413

    33,972 SF 1.15 ac lot Built 1970
    Entity Owned 8-yr Hold Free & Clear
    Property ID
    US43-2883891
    Property summary
    AI-generated overview

    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
    Verified
    Property type Retail space
    Use group STORE, RETAIL OUTLET
    Year built 1970
    Total area 33,972 SF
    Lot 1.15 ac (50,007 SF)
    Zoning code GB
    APN 14-0860-0135-00-5
    UPID US43-2883891
    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
    Current use
    Occupant on record · Public records
    • Michiana Heating & Air Conditioning HVAC Service General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.16M
    Blend (final) Blend
    $1.17M
    Owner & transaction history
    Michiana Property LLC · 8 yrs held
    Michiana Property LLC
    since 2017
    6 recorded transactions
    2023
    2020
    2020
    2017
    $250,000
    2013
    2007
    Zoning & alternative use
    GB · Niles, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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