$450,000
Niles, MI 49120
MLS# 24003988
3 baths | 5668 sqft
1 / 15
Property Description
This commercial property in downtown Niles, MI, is more than a brick-and-mortar structure; it's a gateway to urban prosperity and artistic distinction. With three rented retail/office spaces, parking convenience, and an extraordinary mural by Kelsey Montague, it's a multifaceted investment that marries commerce with the community. It is your turn to own a piece of downtown Niles, where business thrives and art captivates. With a history of excellent rental performance, this property is not just a sound investment; it's a stable and lucrative addition to your portfolio. Benefit from the proven track record of consistent rental income. With many updates, such as a roof, flooring, electrical, and a repaved parking lot, this property has many benefits for the new owner.
Details
Maps
Location & Property Info
County: Berrien
Street #: 218
Street Direction: N
Street Name: Front St
State: MI
Zip Code: 49120
Cross Streets: Main and Front St
Property Sub-Type: Retail/Commercial
Area: Southwestern Michigan - S
Municipality: Niles City
Principal Road: No
Ownership Type: Private Owned
Office/Contract Info
Status: Active
Current Price: $450,000
List Price: $450,000
Auction or For Sale: For Sale
List Price/SqFt: 79.39
Prop Avail for Lease?: No
Sub Agency Type: %
Buyer Agency: 2.5
Buyer Agency Type: %
Trans Coord Type: $
Listing Date: 2024-01-19
Current Bldg Use: Office and Retail Space
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 0.15
Lot Square Footage: 6578
Lot Dimensions: 75x99
Year Built: 1949
Road Frontage: 75
Mineral Rights: Unknown
Total # Units: 3
# Fin Bldg Lvls: 1
Total # Bldgs: 1
Total SqFt: 5668
Property Use Type: Business
Full Baths: 3
Total Baths: 3
Waterfront: No
School District: Niles
Tax Info
Tax ID #: 723920025010
Taxable Value: 51086
SEV: 64300
For Tax Year: 2023
Annual Property Tax: 2859
Tax Year: 2023
Spec Assessment & Type: NOne
Remarks & Misc
Legal: Per title work on file with the county.
Directions: Main St west to Front St. Turn right head north. Building on left side of the road. The building does not have a sign.
Additional Details
Total Parking Spaces: 7
SqFt Information
Rentable Office SqFt: 1232
Rentable Other SqFt: 1288
Rentable Retail SqFt: 1176
Property Features
Property Use: Investment
Uses: Professional Service; Professional/Office; Retail
Ownership: LLC
Business Includes: Non-Applicable
Construction Type: Other
Exterior Material: Brick
Below Grade: None
Sewer: Public
Water: Public
Utilities Attached: Electric; Natural Gas; Telephone
Util Avail at St: Public Sewer
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Street Type: Public
Purchase Terms Avail: Cash; Conventional
Sale Conditions: None
Listing Office: CK Home Group
Listing Agent: Catherine Waggoner
Last Updated: March - 05 - 2024
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