Property profile

2439 11th St Niles, MI 49120

OFF-MARKET
Retail space
Property ID
US43-2883891
33,972 SF 1.15 ac lot Built 1970
Entity Owned 8-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • HVAC Service General Contractor

Location

2439 11th St Niles, MI 49120-4413
Niles metro Census 21100 NILES-BENTON HARBOR, MI METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2017
6 recorded transactions
2023
Price N/A
2020
Price N/A
2020
Price N/A
2017
$250,000
2013
Price N/A
2007
Price N/A

Zoning & alternative use

GB · Niles, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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