Property profile

424 15th St Niles, MI 49120

OFF-MARKET
Assisted living facilities
Property ID
US43-3417446
48,000 SF 0.43 ac lot Built 2016
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 2016
Total area 48,000 SF
Lot 0.43 ac (18,513 SF)
Zoning code LDR
APN 72-6800-0042-00-9
UPID US43-3417446

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church

Location

424 15th St Niles, MI 49120-2006
Niles metro Census 20900 NILES-BENTON HARBOR, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$395k

Owner & transaction history

since 2025
3 recorded transactions
2025
Price N/A
2025
Price N/A
2024
$61,500

Zoning & alternative use

LDR · Niles, MI
Zoning description

LDR Low Density Residential MDR Moderate Density Residential NC Neighborhood Center OC Office/Commercial OS Open Space RC Regional Commerical No marihuana establishments inside of the exclusion areared Grower Excess Grow…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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