901 Wayne St, Niles, MI 49120
For Lease
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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
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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
IND · 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.