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    OFF-MARKET
    Bars & Pubs

    405 2nd St, Niles, MI 49120-2237

    5,456 SF 0.25 ac lot Built 1924
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US43-3436899
    Property summary
    AI-generated overview

    This 6,108 square foot industrial property, located at 405 N 2nd Street in Niles, Michigan, presents a unique investment opportunity. Previously operating as the Cowboy Saloon, this building includes all existing furnishings as part of the $249,000 purchase price. Note that a liquor license is not included in the sale. The property sits on a half-acre lot in a prime downtown location, directly adjacent to City Hall. This high-visibility location offers excellent potential for a variety of commercial uses, given its size and central position within the Niles business district. The building's existing interior layout, while configured for a bar and saloon, offers adaptable space that could be easily reconfigured to suit a range of different businesses. The substantial square footage provides ample room for operations, storage, or a combination of both. The inclusion of furnishings offers a significant cost savings for a prospective buyer, eliminating the need for initial outfitting expenses. Serious inquiries are encouraged to explore the possibilities this versatile property offers. The property's central location and existing infrastructure make it an attractive proposition for entrepreneurs and investors alike. This is a rare opportunity to acquire a substantial commercial property in a desirable downtown location at a competitive price.

    Property profile
    Verified
    Property type Bars & Pubs
    Use group BAR, TAVERN
    Year built 1924
    Total area 5,456 SF
    Lot 0.25 ac (10,977 SF)
    Zoning code CB
    APN 72-3110-0008-00-1
    UPID US43-3436899
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Cowboy Saloon Nightclub Music Venue
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    DEAN KING
    DEAN KING
    Zoning & alternative use
    CB · Niles, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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