Niles, MI 49120,501 Grant Street

$295,000

$349,000

15.5%
Est.Price: ?

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Est. payment /mo

12,896 SqFt


SOLD DATE : 08/30/2024

Key Details

Sold Price $295,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 12,896 sqft

Price per Sqft $22

MLS Listing ID 69024037375

Sold Date 08/30/24

Originating Board Southwestern Michigan Association of REALTORS®

Year Built 1953

Lot Size 10,018 Sqft

Acres 0.23

Lot Dimensions Irregular

Property Description

The former Grace United Methodist Church in the heart of Niles, Michigan, stands as an historic gem now available for sale, offering a unique blend of architectural grandeur and versatile potential. This two-story building with a basement spans approximately 12,896 square feet and is set on a generous 0.91-acre lot at the prominent intersection of Grant and Lincoln. Zoned for both commercial and residential use, it presents a rare opportunity for adaptive reuse, potentially transforming into a commercial or residential establishment. Detailed floor plans drafted by the current owner cater to a variety of potential uses, including a proposed brew pub or restaurant. The property has secured city approval for a brewery, distillery tasting room, and wine tasting room, with an approved siteplan that includes an outdoor patio, promising a vibrant setting for community engagement and entertainment. Stepping inside, visitors are greeted by the majestic sanctuary, capable of seating over 250 individuals, adorned with historic charm and tranquil ambiance. The building also features a comprehensive set of amenities, including a fully equipped kitchen, a sound system, social gathering spaces, a nursery, and ample parking for up to one hundred vehicles. Another notable feature of the property is the approved 10-year tax abatement, guaranteeing a 10-year freeze on property taxes, making it an attractive investment opportunity. The stately building not only preserves the dignity of its historical origins but also invites imaginative redevelopment, offering a rare blend of heritage and functionality for a rare residential and commercial opportunity.

Location

State MI

County Berrien

Area Niles

Zoning Other

Direction Property is located at the corner of Grant & Lincoln.

Interior

Heating Hot Water

Heat Source Natural Gas

Exterior

Pool No

Waterfront no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary), Sewer at Street

Water Public (Municipal), Water at Street

Structure Type Block/Concrete/Masonry

Schools

School District Niles

Others

Tax ID 117416000002006

Ownership Private Owned

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Unknown/Data Share Listings

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Realcomp MLS
Listed by Coldwell Banker Realty
Bought with Cressy & Everett Real Estate
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