410 2nd St Niles, MI 49120-2285

Property Details for 410 2nd St

Year built

1962

Lot size

1.66 lot acres

Property size

29,341 SF

Zone code

CB

Property type

Strip malls

Property subtype

Neighborhood centers

APN

72-3110-0010-00-6

APU

7231100010006

Description

This exceptional industrial property, located at 410 N 2nd Street in Niles, Michigan, presents a compelling investment opportunity. Spanning 31,734 square feet on a 1.73-acre lot, this property boasts a diverse tenant mix with lease terms ranging from two to seven years remaining, ensuring consistent rental income and long-term stability. The property's anchor tenant, Dollar General, contributes significantly to the property's strong cash flow by attracting substantial foot traffic and providing a reliable revenue stream. The property's strategic location in a high-demand area guarantees excellent visibility and consistent traffic, further enhancing its investment appeal. Recent improvements include a brand-new roof, minimizing future maintenance expenses and maximizing the return on investment. This property is ideally suited for investors seeking a stable, high-yielding asset with a proven track record of success. The combination of a strong tenant base, prime location, and recent upgrades makes this a truly exceptional opportunity in the Niles commercial real estate market. The asking price is $2,250,000. This property offers a rare blend of immediate income generation and long-term growth potential.

Location Insight

City

Niles

County

Berrien

State

Michigan

Longitude

-86.2576

Latitude

41.8319

CBSA code

35660

CBSA name

NILES-BENTON HARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments