This exceptional Niles, MI property presents a unique dual-use opportunity, combining commercial office space with a residential apartment. Located on a high-traffic US highway, less than half a mile from the Indiana state line, this 2,300 square foot building sits on a 0.34-acre lot and is priced at $335,000. Recently and completely remodeled, the property boasts a fresh, updated floor plan. The commercial office space features eight parking spaces, two conference rooms, three additional offices, a lobby, a bathroom, and a storage area. This space is ideal for a variety of businesses. The attached residential apartment offers two bedrooms, an open-concept living area, laundry facilities, and its own private parking area at the rear of the building. This setup allows for owner-occupancy with additional rental income from the apartment, maximizing return on investment. The property's strategic location and versatile design make it an attractive proposition for entrepreneurs and investors alike. The recent price reduction makes this an even more compelling opportunity.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$289,117
Hospitality
$264,830
Educational
$220,335
Medical
$227,913
Retail
$342,743
Location Insight
City
Niles
County
Berrien
State
Michigan
Latitude
41.7711
Longitude
-86.2513
CBSA code
35660
CBSA name
NILES-BENTON HARBOR, MI METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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