Property summary
This exceptional 5,781 square foot tri-plex building is situated on a 0.68-acre lot in a high-traffic area of Niles, MI, averaging 5,000-10,000 cars daily. Currently configured as owner-occupied plus two residential rentals, the property offers significant flexibility for a variety of commercial or mixed-use applications. Recent extensive renovations include three new furnaces, new A/C units, new appliances throughout, and new flooring. The building boasts a 1,500 square foot basement under Unit A, three heated garages (two 2.5-car and one single-car), all with available electric service. Additional features include a generator, arc welder, a seven-camera security system, a lighted parking lot, and a drive-thru window. Ample storage space is available throughout the property. Each unit features a private fenced backyard and is Wi-Fi ready. A new commercial-grade well was installed in 2020. Utility sinks are conveniently located in one garage, the basement, and the drive-thru area. The property is equipped with three gas meters and three electric meters. Unit C utilizes all-electric interior systems, with a gas-powered furnace for the garage and gas dryer area. A water softener is also included. This property presents a unique opportunity for investors seeking a versatile and well-maintained commercial space with strong potential for rental income or owner-occupancy.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Pet Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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