520 Platt St Niles, MI 49120
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Columbia Club of Niles Hotel & Motel Resort
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 Grower Processor Provisioning Center Microbusiness Safety Compliance Establishment Secure Transporter Designated Consumption Center Marihuana Event Organizer Temporary Even…
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
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Property description
Physical attributes from public recordsZoning & alternative use
MDR · Niles, MIMDR 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 Grower Processor Provisioning Center Microbusiness Safety Compliance Establishment Secure Transporter Designated Consumption Center Marihuana Event Organizer Temporary Event License IND IND IND IND, RC IND, RC IND, RC IND, RC IND, RC, CB, OC By special permit only By special permit only Micro A transitioning to retail and grow, A or B in RC Micro A transitioning to retail and grow, A,B, or C in IND K:\Community Development\Community Dvpt Dept\GIS\Medical_M\AUMZMA1-2025.mxd FIGURE 8-1. ADULT USE MARIHUANA FACILITY SITING 8-35 CITY OF NILES - Zoning Ordinance SPECIAL LAND USES G. Marihuana Cultivation/Growers & Excess Growers. 1. Cultivation, generally. a. No marihuana cultivation shall be conducted openly or publicly. b. Marihuana cultivation shall comply with all applicable requirements of the laws and regulations of the City and the State. c. Marihuana cultivation shall not occur in detached accessory buildings or outbuildings. d. All marihuana cultivation shall take place in a locked and enclosed space. 2. All marihuana products kept on premises where marihuana plants are grown shall be stored in a locked and enclosed space. 3. The use of any lighting for indoor marihuana cultivation shall be limited to light- emitting diodes (LEDs), compact fluorescent lamps (CFLs) or other fluorescent lighting. All high-density (HID) lighting, including but not limited to, mercury-vapor lamps, metal- halide (MH) lamps, ceramic MH lamps, sodium-vapor lamps, high- pressure sodium (HPS) lamps and xenon short-arc lamps, may only be allowed with permission of the City of Niles Utilities Director or their designee. 4. No marihuana cultivation activity shall result in the emission of any gas, vapors, odors, smoke, dust, heat or glare that is noticeable at or beyond the property line of the structure (including dwellings) at which the cultivation occurs. Sufficient measures and means of preventing the escape of such substances from a dwelling must be provided at all times. In the event that any gas, vapors, odors, smoke, dust, heat or glare or other substances exit a dwelling, the owner of the subject premises shall be liable for such conditions and shall be responsible for immediate, full clean-up and correction of such condition.
No recorded transactions found for this property.
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.