Property profile

977 11th St Niles, MI 49120

OFF-MARKET
Medical Office Space
Property ID
US43-3003096
1,824 SF 0.46 ac lot Built 1991
Individually Owned 18-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,640 square foot industrial property, situated on a 0.35-acre lot at 977 S 11th Street in Niles, Michigan, presents a rare opportunity for businesses seeking high visibility and convenient access. Located in the heart of South 11th Street, this property enjoys a prime commercial location, neighboring established businesses such as Sturgis Bank, Walgreens, and McDonald's, ensuring high foot and vehicle traffic. The building itself is in good condition and features a versatile layout, including a spacious main room with pocket doors, ideal for creating a separate executive office or adaptable workspace. The property's strategic placement also benefits from its proximity to new developments, including the under-construction Dunkin' Donuts/Ben & Jerry's location directly adjacent. Across the street, Well Now Wellness and Firehouse Subs further enhance the area's commercial vibrancy. This property offers significant potential for growth and success, making it an ideal investment for a variety of businesses. The high visibility and established commercial environment make this a truly exceptional opportunity. Inquire today to learn more about this outstanding property.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL CLINIC
Year built 1991
Total area 1,824 SF
Lot 0.46 ac (19,950 SF)
Zoning code RC
APN 73-5250-0014-01-1
UPID US43-3003096

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
  • Dental Office

Location

977 11th St Niles, MI 49120-3402
Niles metro Census 20700 NILES-BENTON HARBOR, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$175k

Owner & transaction history

since 2007
1 recorded transaction
2007
$241,000

Zoning & alternative use

RC · Niles, MI
Zoning description

RC Regional Commercial OC Office/Commercial 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 even…

General category COMMERCIAL

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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