Property Type:
Commercial Sale
Square Footage:
31,734
Lot Size (sq. ft.):
75,504
Status:
Sold
Current Price:
$2,250,000
List Date:
6/17/2024
Last Modified:
5/22/2025
410 N 2nd Street, Niles, MI 49120
$2,000,000
Description
Seize this investment opportunity with our prime commercial real estate offering, ideally situated in a high-demand location ensuring consistent traffic and visibility. This property is perfectly poised to deliver long-term stability and robust returns. A diverse tenant base with lease terms ranging from 2 to 7 years remaining, provides you with stability and security. Features a brand-new roof, reducing maintenance concerns, this property offers excellent cash flow, making it a valuable addition to any investment portfolio. Dollar General serves as the anchor tenant, attracting consistent foot traffic and providing a solid foundation for the property's income.
More Information MLS# 24030772
Location & Property Info
Cross Streets: Front & Cass
Property Sub-Type: Retail
Municipality: Niles City
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 70.9
Prop Avail for Lease?: No
General Property Info
New Construction: No
Lot Dimensions: irregular
Road Frontage: 100
Waterfront: No
Total # Units: 1
Total # Bldgs: 1
# Fin Bldg Lvls: 1
Total SqFt: 31734
School District: Niles
Lot Measurement: Acres
Lot Acres: 1.73
Lot Square Footage: 75504
Year Built: 1962
Full Baths: 7
Tax Info
Taxable Value: 696669
SEV: 780000
For Tax Year: 2023
Seller's Annual Property Tax: 38000
Tax Year: 2023
Homestead %: 0
Spec Assessment & Type: None known
Tax ID #: 11-72-3110-0010-00-6
Remarks & Misc
Legal: LOTS 10 THRU 17 INCL HB & GW HOFFMANS ADD TO THE CITY OF NILES
Status Change Info
Sold Price/SqFt: 63.02
Under Contract Date: 2025-02-21
Sold Date: 2025-05-21
Sold Price: $2,000,000
Additional Details
Total Parking Spaces: 80
Street Type
Paved: 1
Public: 1
Property Use
Business: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Professional Service: 1
Professional/Office: 1
Restaurant: 1
Retail: 1
Construction Type
Steel: 1
Exterior Material
Brick: 1
Roofing
Rubber: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
LLC: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Business Includes
Real Estate: 1
Util Avail at St
Cable Available: 1
Electricity Available: 1
Natural Gas Available: 1
Phone Available: 1
Send to Econ Dev Org
MEDC: 1
SWMI First, Region 5: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Possession
Negotiable: 1
Location Property Info
County: Berrien
Street #: 410
Street Direction: N
Street Name: 2nd
Suffix: Street
State: MI
Zip Code: 49120
Zip (4): 2285
Area: Southwestern Michigan - S
OfficeContract Info
Status: Sold
Current Price: $2,000,000
List Price: $2,250,000
Listing Date: 2024-06-17
Remarks Misc
Directions: Main St to South on 2nd St to address.
Property Features
Property Use: Business
Uses: Professional Service; Professional/Office; Restaurant; Retail
Ownership: LLC
Business Includes: Real Estate
Construction Type: Steel
Exterior Material: Brick
Roofing: Rubber
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: Cable Available; Electricity Available; Natural Gas Available; Phone Available
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Sale Conditions: None
Send to Econ Dev Org: MEDC; SWMI First, Region 5
Possession: Negotiable
Listing Office:
Realty Executives Instant Equity
Listing Agent:
The Heaps Team
Last Updated: May - 22 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
