For Sale
$1,200,000

115 Main St Niles, MI 49120

High-yield industrial property, fully occupied.

Overview

Added:
Feb 3
Days on market:
79
This exceptional investment opportunity presents a fully occupied, 11,696 square foot industrial building situated on a 0.2-acre lot in the heart of downtown Niles, Michigan. The property boasts a substantial 11,696 square feet of finished space on the main floor, currently leased to a thriving fitness center, guaranteeing consistent rental income. Adding to its financial strength, the building includes nearly 9,000 square feet of clean, usable basement space, offering significant potential for expansion or additional rental opportunities. Two upper-level units are leased as long-term residential spaces, further diversifying the income stream and maximizing the property's return on investment. A comprehensive remodel was completed in 2022, ensuring the building is in excellent condition and well-maintained. Currently operating at 100% occupancy, this property represents a rare chance to acquire a stable, high-performing asset with significant upside potential. The prime downtown location provides excellent visibility and accessibility, making it an attractive proposition for both current tenants and future prospects. This is a turnkey investment ready to generate immediate income and long-term growth. The property's strong tenant base and recent renovations contribute to its exceptional value and make it an ideal addition to any investment portfolio.

Property Details for 115 Main St

Property type
Industrial properties
Square Feet
11,696 SF
Year Built
1900
Lot Size (sq. ft)
8,712 SF

Location Insight

City
Niles
County
Berrien
State
Michigan
Latitude
41.83022
Longitude
-86.25787

FAQs

What type of property is this?
Industrial property - High-yield industrial property, fully occupied.
Where is the industrial property located?
The property is located at 115 Main St Niles, MI.
What is the asking price?
The asking price for this property is $1,200,000.
How can I contact the broker?
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115 Main St
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