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    OFF-MARKET
    Assisted living facilities

    424 15th St, Niles, MI 49120-2006

    48,000 SF 0.43 ac lot Built 2016
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US43-3417446
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Salvation Army Church
    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
    by Request
    Owner & transaction history
    5 Z Events LLC · 1 yrs held
    5 Z Events LLC
    since 2025
    3 recorded transactions
    2025
    2025
    2024
    $61,500
    Zoning & alternative use
    LDR · Niles, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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