410 2nd St, Niles, MI 49120-2285
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.
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Fitstop 24 Niles Gym & Fitness Center
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Dollar General Discount Store
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Western Union Bank Credit Union
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FedEx OnSite Postal Service Courier Service
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Fun Tan Tanning Salon
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.
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.