Price Reduction
Address
306 E Main Street, Niles, MI
Price
$ 545,000
Property Attributes
- MLS#24004098
- TypeCommercial
- CountyBERRIEN
- CityNiles
- AreaNiles City
- NeighborhoodNiles City
- Zip49120
- StyleOffice
- Year Built1951
- Taxes$ 7118
- Price$ 545,000
- Bedrooms0
- Full Bathrooms6
- Half Bathrooms0
- Lot Size6,098 SqFt
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description
Prime investment opportunity with plenty of recent updates! Nearly 16,000 sqft of multi tenant commercial space located in Downtown Niles, MI. The versatile spaces are suitable for a wide range of businesses for back office or customer facing options. This location can be your next strategic move with high visibility or an opportunity to elevate your current investment portfolio. Set up an viewing of this property with a solid cap rate. Main level and lower level 100% occupied upper level 4 private offices available for lease.
| Price History | |
|---|---|
| 1/20/2024 | Listed $650,000 |
| 3/9/2024 | 9% - $595,000 |
| 4/19/2024 | 9% - $545,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Cooling | Central Air |
| Utilities | Phone Available,Public Water Available,Public Sewer Available,Natural Gas Available,Electric Available,Cable Available,Broadband Available,Phone Connected,Natural Gas Connected,Electric Connected,Cab |
| Possession | Negotiable |
| Roof | Concrete |
| Construction Materials | Other |
| Year Built | 1951 |
| Township | Niles City |
| Property SubType | Office |
| Tax Year | 2023 |
| Business Type | Professional/Office,Professional Service,Restaurant,Bar/Tavern/Lounge,Storage,Retail |
| County | Berrien |
| Insurance Expense | 4000.0 |
| New Construction | No |
| Property Type | Commercial Sale |
| Building Features | Bath Common Area,Multi User Facility,Security System |
| Status | Active |
| Directions | S 11th st West on E Main building is on the corner of S 3rd and E Main. |
| City | Niles |
| High School District | Niles |
| Total Units | 15 |
| MLS Area | Southwestern Michigan - S |
| Lot Size Square Feet | 5946.0 |
| Waterfront Y/N | No |
| Street Name | Main |
| Land Lease Y/N | No |
| Tax Annual Amount | 7118.81 |
| Lease Renewal Y/N | No |
| MLS Area Minor | Southwestern Michigan - S |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | Yes |
| Rent Control Y/N | No |
| Days on Market | 115 |
| Standard Status | Active |
| Tax Assessed Value | 124949 |
| Ownership Type | LLC |
| MobileHomeRemainsYN | No |
| Legal Description | 2 long legal descriptions per title commitment |
| Senior Community | None |
Interior Features
| Basement | Full |
|---|---|
| Total Fireplaces | 1 |
| Total Stories | 3 |
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Full Baths | 6 |
| Street Suffix | Street |
| Electric On Property Y/N | No |
| Total Baths | 6 |
Exterior Features
| Water Source | Public |
|---|---|
| Inclusions | {u'Real Estate': True} |
| Lot Size Area | 0.14 |
| Foundation Details | Concrete Perimeter,Combination,Block |
| Number of Buildings | 1 |
| Spa | No |
| Building Area Total | 15822.0 |
| Lot Dimensions | 75*90 |
| Lot Size Acres | 0.14 |
| Lot Size Units | Acres |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 49120
Price
Taxes
Visits
Year Built
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update May 19, 2024 12:21 PM UTC
Water Wonderland Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
Northern Great Lakes REALTORS® MLS All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
