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Financial
Distress signals
Property profile

306 E Main St Niles, MI 49120

FOR LEASE
Office buildings
Property ID
US43-3880295
5,822 SF 0.08 ac lot Built 1952
Last sale Nov 2020 · $300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This property is a 1,650-square-foot commercial space located at 306 E Main Street, Unit #101, within a downtown building constructed in 1952. The interior configuration supports up to three private offices along with a dedicated conference room, with an alternative layout that can provide three private offices plus a larger executive suite; separate storage areas are included for files, equipment, inventory, or other operational uses. Positioned in downtown Niles on a street-facing setting…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value · 2024$64k
Effective rate4.08%

Value estimate

· Oct 2026
$310k
$279k – $341k
NOI build-up
Gross scheduled income$17k
Vacancy & credit loss−$2k
Operating expenses−$4k
NOI · 59,672.22% cap applied$11k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$103/SF
County average, outlier-cleaned · 51 recorded sales of this use type
Observed band · Q1–Q3$35 – $169

Cap rate analysis

How does the asset earn?
59,672.22%
$11k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CB
CB Central Business District NC Neighborhood Center RC Regional Commercial OC Office/Commercial IND Industrial OS Open Space MHP Mobile H...
General categoryCOMMERCIAL
JurisdictionBERRIEN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.8
Hair Salon12.0
Parking Facility12.0

Location

306 E Main St Niles, MI 49120
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2436 11th, Niles, MI 49120-4763 $615,000 Mar 2023 3,400 SF
301 11th, Niles, MI 49120-3285 $250,000 Feb 2022 8,568 SF
815 Main, Niles, MI 49120-2632 $290,000 Feb 2022 3,920 SF
1516 Lk, Niles, MI 49120-1237 $170,000 May 2021 3,352 SF
2830 11th, Niles, MI 49120-4422 $195,000 Feb 2021 3,368 SF
302 Main, Niles, MI 49120-2306 $300,000 Nov 2020 5,822 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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