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Property summary
This exceptional industrial property, the Simplicity Building, offers 497,091 square feet of versatile warehouse, manufacturing, and distribution space in Niles, Michigan. Located on a 36-acre lot, this multi-tenant complex boasts a 18,000 KVA (15.3 MW) substation providing substantial power. The building features a 14' to 30' ceiling height, 15 loading docks, and 3 drive-in doors. Ample parking is available with 800 spaces. The property includes a sprinkler system, is fully fenced and secure, and offers multiple high-speed internet options. Divisible spaces range from 5,544 to 174,460 contiguous square feet, with 174,460 square feet currently vacant. Built in 1935 and renovated in 1972, this two-story Class C building is zoned I-2. Its strategic location near US-31, US-12, and the I-80/90 Indiana Toll Road, along with proximity to the Elkhart intermodal yard and Chicago, provides excellent transportation access. Air terminal service is conveniently located 20 minutes away. The property is a certified HUB Zone location and has potential for rail service. APN: 11-71-0026-0030-00-6
Property profile
VerifiedCap rate & NOI
Current use
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Industrial Manufacturer Production Facility
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Big Box & Wholesale Store
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Agricultural Service
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Warehouse & Storage
Location
Value estimations
Owner & transaction history
Zoning & alternative use
IND Industrial OS Open Space MHP Mobile Home Park WHP Wellhead Protection Overlay 4-2 CITY OF NILES - Zoning Ordinance ZONING DISTRICTS , LAND USE AND ZONING MAP E. In the event the Official Zoning Map becomes damaged, d…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
IND · Niles, MIIND Industrial OS Open Space MHP Mobile Home Park WHP Wellhead Protection Overlay 4-2 CITY OF NILES - Zoning Ordinance ZONING DISTRICTS , LAND USE AND ZONING MAP E. In the event the Official Zoning Map becomes damaged, d…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
IND Industrial OS Open Space MHP Mobile Home Park WHP Wellhead Protection Overlay 4-2 CITY OF NILES - Zoning Ordinance ZONING DISTRICTS , LAND USE AND ZONING MAP E. In the event the Official Zoning Map becomes damaged, d…
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