Property profile

3019 11th St Niles, MI 49120

OFF-MARKET
Amusement parks
Property ID
US43-2998951
7,232 SF 16.93 ac lot Built 1994
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 16.9-acre parcel presents a prime development opportunity in Niles, Michigan. Situated on busy M-51 (S. 11th Street), this property boasts 554 feet of frontage on M-51 and approximately 490 feet of frontage on 13th Street. Its General Business (GB) zoning allows for a wide range of commercial uses, including hospitality, retail, grocery, restaurants, and large-format stores. The site benefits from municipal water and sewer services, ensuring seamless infrastructure integration for any development project. Located just half a mile south of major retailers like Walmart and Lowe's, this property enjoys exceptional visibility and accessibility. The average daily traffic count on M-51 is approximately 17,337 vehicles, guaranteeing high exposure for any business. Its strategic location, only six miles north of the University of Notre Dame campus and the I-80/90 Toll Road, further enhances its appeal. This is the largest available parcel on the S. 11th Street corridor, offering unparalleled potential for significant commercial development. The property's APN is 11-14-0123-0101-02-0. The asking price is $1,995,900. The property includes one building on a multi-tenant site.

Property profile

Verified
Property type Amusement parks
Use group ARCADES (AMUSEMENT)
Year built 1994
Total area 7,232 SF
Lot 16.93 ac (737,471 SF)
APN 14-0123-0101-02-0
UPID US43-2998951

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
  • Arcade & Gaming Center Family Recreation Center

Location

3019 11th St Niles, MI 49120-4707
Niles metro Census 21100 NILES-BENTON HARBOR, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$665k

Owner & transaction history

since 2025
1 recorded transaction
2025
Price N/A

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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