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Niles,MI 49120
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 11,696 sqft
Price per Sqft $83
Municipality Niles City
MLS Listing ID 25055090
Full Baths 8
Year Built 1900
Annual Tax Amount $3,720
Tax Year 2024
Lot Size 8,913 Sqft
Acres 0.2
Lot Dimensions 68x131
Property Sub-Type Retail
Source Michigan Regional Information Center (MichRIC)
Property Description
Over 11,000 sq. ft. of finished and fully occupied space plus almost 9,000 sqft of clean basement space in a historic building in downtown Niles, MI offers a prime investment opportunity. The main floor is leased to a successful gym, ensuring steady traffic and income. Two upstairs units are rented as long-term residential properties, providing additional income stability.
With a remodel taking place in 2022 and a 100% occupancy rate, this property is a solid income generator with potential for long-term growth.
Location
State MI
County Berrien
Area Southwestern Michigan - S
Interior
Interior Features Broadband
Heating Forced Air
Cooling Central Air,Wall Unit(s)
Inclusions Real Estate
Exterior
Utilities Available Phone Available,Natural Gas Available,Electricity Available,Cable Available,Natural Gas Connected,Electricity Connected,Cable Connected
View Y/N No
Roof Type Rubber
Building
Building Description Brick, Multi User Facility
Structure Type Brick
New Construction No
Schools
School District Niles
Others
Tax ID 11-72-3920-0003-00-8
Ownership LLC
Acceptable Financing Conventional,Cash
Listing Terms Conventional,Cash