2812 11Th StNiles, MI 49120

  • Commercial real estate
  • 1,436 SF
For Sale
$335,000 View listing

Property Details for 2812 11Th St

Year built
1958
Lot size
0.34 AC
Property size (Sq ft)
1,436 SF
Zone code
93200
Property type
Commercial real estate
APN
14-0860-0061-01-0
APU
1408600061010

Description

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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,253
-
-
$117,400
-
-
-
$234,800

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