405 2nd St, Niles, MI 49120-2237
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.
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Cowboy Saloon Nightclub Music Venue
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CB · Niles, MINiles. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.