115 E Main Street, Niles, MI 49120 - MLS#69024055025

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Downtown Realty

team@dtrdetroit.com +1(313) 466-7253

$ 1,200,000

Est. payment -/mo

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115 E Main Street Niles, MI 49120

11,696 SqFt

UPDATED:

10/18/2024 05:03 PM

Key Details

Property Type Commercial

Sub Type Business And Real Estate

Listing Status Active

Purchase Type For Sale

Square Footage 11,696 sqft

Price per Sqft $102

MLS Listing ID 69024055025

Originating Board Southwestern Michigan Association of REALTORS�

Year Built 1900

Annual Tax Amount $3,553

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 68x131

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 Niles

Direction S 11th st to Main St downtown

Interior

Heating Forced Air, Central Air

Heat Source Natural Gas

Exterior

Waterfront no

Roof Type Rubber

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary), Sewer at Street

Water Public (Municipal), Water at Street

Structure Type Block/Concrete/Masonry,Brick

Schools

School District Niles

Others

Tax ID 117239200003008

Ownership Private Owned

Acceptable Financing Cash, Conventional

Rebuilt Year 20

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Unknown/Data Share Listings

Listed by Joseph F Williams of The Home Source Group

Downtown Realty

Brokerage | License ID: 6505386963

+1(313) 466-7253

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