1521 Main StNiles, MI 49120

  • Commercial real estate
  • 1,532 SF
For Sale
$675,000 View listing

Property Details for 1521 Main St

Year built
1919
Lot size
0.24 AC
Property size (Sq ft)
1,532 SF
Zone code
LDR
Property type
Commercial real estate
APN
73-8790-0265-00-2
APU
7387900265002

Description

This exceptional industrial property, located at 1521 E Main in Niles, MI, presents a significant opportunity for business owners. Boasting a substantial 8,500 square feet of space situated on a generous 2.1-acre lot, this property offers ample room for expansion and development. The high-traffic location ensures excellent visibility, a key advantage for any business seeking to maximize its reach. A key feature is a 6,000 square foot greenhouse, complemented by a showroom and a dedicated preparation area ideal for design and arrangement. The property also includes a large parking area with multiple driveways, ensuring convenient access and ample parking for customers and employees. The property's long history of successful operation (over 100 years) speaks to its inherent value and potential. This versatile space is perfect for a variety of uses, from continuing the existing business to establishing a new enterprise or franchise. The property's multiple tax IDs suggest potential for further development or subdivision. This is a rare opportunity to acquire a well-established, high-visibility industrial property in a prime location. The asking price reflects a recent significant price improvement, making this an even more compelling investment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $308,344
    Hospitality
    $282,442
    Educational
    $234,988
    Medical
    $243,070
    Retail
    $365,537

Location Insight

City
Niles
County
Berrien
State
Michigan
Latitude
41.822
Longitude
-86.2388
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
$1,829
-
-
$50,400
-
-
-
$100,800

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