424 15th St, Niles, MI 49120-2006
This exceptional 6,070 square foot building, situated on a 0.42-acre lot at 424 N 15th Street in Niles, Michigan, presents a unique investment opportunity. Previously purchased with plans for conversion into either a single-family residence or commercial space, this prominent Niles landmark is now available for a new owner to realize its full potential. The building's versatile design and substantial size lend themselves to a wide array of uses. Imagine establishing professional offices, a vibrant recreation center, a thriving retail establishment, or a secure storage facility. The possibilities are truly limitless. This is a chance to acquire a substantial property in a desirable location, ready for your vision and entrepreneurial spirit. The building's prominent position within Niles offers excellent visibility and accessibility, making it an ideal choice for a variety of businesses or ventures. The 0.42-acre lot provides ample space for expansion or additional development, further enhancing the property's value and potential. Don't miss this opportunity to own a piece of Niles history and shape its future. The asking price is $179,900. Act quickly, as this exceptional property is sure to attract significant interest.
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Salvation Army Church
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
LDR · 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.