306 Main StNiles, MI 49120

Property Details for 306 Main St

Year built

1952

Lot size

0.08 AC

Property size (Sq ft)

5,822 SF

Zone code

CB

Property type

Office buildings

APN

72-8550-0009-01-8

APU

7285500009018

Description

This exceptional commercial property located at 306 E Main St, Niles, MI 49120, offers a variety of office spaces perfect for businesses of all sizes. The building, classified as Class B, boasts a total of 15,800 square feet and is currently configured for multiple tenancies. Currently, there are 1,200 square feet of vacant space available, divisible into units as small as 200 square feet, with larger suites up to 700 square feet also available. The property is ideally suited for businesses seeking traditional office space, executive suites, or co-working arrangements. The building's location in downtown Niles provides excellent visibility and accessibility. The monthly rent for individual suites ranges from $400 to $500, inclusive of most utilities (internet excluded). Multiple office rates are also available, making this a highly adaptable and cost-effective solution for businesses seeking a professional and productive work environment. This is an excellent opportunity to secure prime office space in a thriving downtown location. Don't miss out on this chance to establish your business in a convenient and well-appointed setting. Contact us today to schedule a viewing and discuss your specific needs.

• CAP approach

  CAP return

  Valuation

  6%

  $1,023,628

  6.5%

  $944,887

  7%

  $877,395

• Comparable approach

  Method

  Valuation

  Relative Method

  $758,316

  Geo Method

  $758,316

• Alternative Use

  Use

  Valuation

  Residential

  $1,171,660

  Hospitality

  $1,073,234

  Educational

  $892,918

  Medical

  $923,627

  Retail

  $1,388,984

Location Insight

City

Niles

County

Berrien

State

Michigan

Latitude

41.8297

Longitude

-86.2559

CBSA code

35660

CBSA name

NILES-BENTON HARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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