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    OFF-MARKET
    Strip malls

    410 2nd St, Niles, MI 49120-2285

    29,341 SF 1.66 ac lot Built 1962
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US43-3904940
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1962
    Total area 29,341 SF
    Lot 1.66 ac (72,310 SF)
    Zoning code CB
    APN 72-3110-0010-00-6
    UPID US43-3904940
    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
    • Fitstop 24 Niles Gym & Fitness Center
    • Dollar General Discount Store
    • Western Union Bank Credit Union
    • FedEx OnSite Postal Service Courier Service
    • Fun Tan Tanning Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Niles Dc Plaza LLC · 1 yrs held
    Niles Dc Plaza LLC
    since 2025
    3 recorded transactions
    2025
    2018
    2008
    Zoning & alternative use
    CB · Niles, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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