306 Main St Niles, MI 49120

This exceptional mixed-use commercial property, located at 306 E Main St in downtown Niles, Michigan, presents a compelling investment opportunity. Boasting nearly 16,000 square feet of versatile space across three stories, this building offers a unique blend of restaurant, storefront, and traditional office options. The property, with APN 11-72-8550-0009-01-8 & 11-72-8550-0009-00-0, sits on a 0.136-acre lot and is zoned for commercial business use. Currently, the main and lower levels are 100% occupied under a gross lease, providing immediate income potential. The upper level features three private offices available for lease or owner-occupancy, offering flexibility for expansion or additional revenue streams. Renovated in 1951 and 2023, the building includes 12 keys and offers high visibility in a thriving downtown location. This property is ideal for investors seeking a strong cap rate and diverse income streams, or for businesses looking to establish a prominent presence in a vibrant community. The asking price is $495,000, translating to $31.29 per square foot. This is a rare opportunity to acquire a substantial, multi-tenant commercial property in a desirable Michigan location.