$355,000
$425,000
16.5%For more information regarding the value of a property, please contact us for a free consultation.
5,668 SqFt
SOLD DATE : 10/18/2024
Key Details
Sold Price $355,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 5,668 sqft
Price per Sqft $62
MLS Listing ID 69024003988
Sold Date 10/18/24
Originating Board Southwestern Michigan Association of REALTORS®
Year Built 1949
Annual Tax Amount $2,859
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 75x99
Property Description
This commercial property in downtown Niles, MI, is more than a brick-and-mortar structure; it's a gateway to urban prosperity and artistic distinction. With three rented retail/office spaces, parking convenience, and an extraordinary mural by Kelsey Montague, it's a multifaceted investment that marries commerce with the community. It is your turn to own a piece of downtown Niles, where business thrives and art captivates. With a history of excellent rental performance, this property is not just a sound investment; it's a stable and lucrative addition to your portfolio. Benefit from the proven track record of consistent rental income. With many updates, such as a roof, flooring, electrical, and a repaved parking lot, this property has many benefits for the new owner.
Location
State MI
County Berrien
Area Niles
Direction Main St west to Front St. Turn right head north. Building on left side of the road. The building does not have a sign.
Interior
Heating Forced Air, Central Air
Heat Source Natural Gas
Exterior
Pool No
Waterfront no
Building
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street
Water Public (Municipal)
Structure Type Brick,Other
Schools
School District Niles
Others
Tax ID 723920025010
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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