Property profile

2639 3Rd St Niles, MI 49120

OFF-MARKET
Industrial properties
Property ID
US43-3719166
5,781 SF 0.68 ac lot Built 1960
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Property summary

AI-generated overview

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

Verified
Property type Industrial properties
Year built 1960
Total area 5,781 SF
Lot 0.68 ac (29,621 SF)
UPID US43-3719166

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
  • (Bike/Boat/Book/etc) Store Pet Store

Location

2639 3Rd St Niles, MI 49120
Niles metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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