Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

965 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

115 E Main St

11,696 SF Industrial Building Niles, MI 49120 $1,200,000 ($103/SF)

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Executive Summary

Over 11,000 sq. ft. of finished and fully occupied space plus almost 9,000 sqft of clean basement space in a historic building in downtown Niles, MI offers a prime investment opportunity. The main floor is leased to a successful gym, ensuring steady traffic and income. Two upstairs units are rented as long-term residential properties, providing additional income stability. With a remodel taking place in 2022 and a 100% occupancy rate, this property is a solid income generator with potential for long-term growth.

Financial Summary (Actual - 2023) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Net Operating Income	-	-

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	-
Annual Per SF	-

Property Facts

Price	$1,200,000	Rentable Building Area	11,696 SF
Price Per SF	$103	No. Stories	2
Sale Type	Investment	Year Built	1900
Property Type	Industrial	Tenancy	Single
Property Subtype	Warehouse	No. Drive In / Grade-Level Doors	4
Building Class	A	Cross Streets	Silverbrook St
Lot Size	0.20 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,200,000
Price Per SF	$103
Sale Type	Investment
Property Type	Industrial
Property Subtype	Warehouse
Building Class	A
Lot Size	0.20 AC
Rentable Building Area	11,696 SF
No. Stories	2
Year Built	1900
Tenancy	Single
No. Drive In / Grade-Level Doors	4
Cross Streets	Silverbrook St
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.