Commercial $ 975,000

115 E Main Street

Niles, MI 49120

  • 8 Baths
    Full Baths: 8
  • 11,696 SqFt
  • 8,913 Lot Size
  • 1900 Year Built
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.
Listed by The Home Source Group

PROPERTY DETAIL

  • 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)

  • Location

    State MI

    County Berrien

    Area Southwestern Michigan - S

  • Building

    Building Description Brick, Multi User Facility

    Structure Type Brick

    New Construction No

  • 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

  • Schools

    School District Niles

  • Others

    Tax ID 11-72-3920-0003-00-8

    Ownership LLC

    Acceptable Financing Conventional, Cash

    Listing Terms Conventional, Cash

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