$975,000
Niles, MI 49120
MLS# 25055090
8 baths | 11696 sqft
1 / 60
Property Description
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.
Details
Maps
Location & Property Info
Cross Streets: Front
Property Sub-Type: Retail
Area: Southwestern Michigan - S
Municipality: Niles City
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 83.36
Prop Avail for Lease?: No
General Property Info
New Construction: No
Lot Dimensions: 68x131
Road Frontage: 70
Waterfront: No
Year Remodeled: 20
Total # Units: 3
Total # Bldgs: 1
# Fin Bldg Lvls: 11352
Total SqFt: 11696
Total Net SqFt: 20604
School District: Niles
Lot Measurement: Acres
Lot Acres: 0.2
Lot Square Footage: 8913
Year Built: 1900
Full Baths: 8
Total Baths: 8
Tax Info
Taxable Value: 68882
SEV: 85600
For Tax Year: 2024
Seller's Annual Property Tax: 3720
Tax Year: 2024
Homestead %: 0
Spec Assessment & Type: None Known
Tax ID #: 11-72-3920-0003-00-8
Remarks & Misc
Public Remarks: 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.
Legal: LOT 3 WILLIAM JUSTICE PLAT CITY OF NILES
Waterfront Options
Water Access Y/N: No
Property Use
Investment: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Recreation: 1
Other: 1
Construction Type
Block: 1
Exterior Material
Brick: 1
Roofing
Rubber: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
LLC: 1
Below Grade
Basement: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Wall Unit(s): 1
Business Includes
Real Estate: 1
Additional Features
Multi User Facility: 1
Util Avail at St
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Tenant Pays All
Electric: 1
Gas: 1
Janitorial: 1
Trash: 1
Send to Econ Dev Org
MEDC: 1
SWMI First, Region 5: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Possession
Subject To Tenant Rights: 1
Location Property Info
County: Berrien
Street #: 115
Street Direction: E
Street Name: Main
Suffix: Street
State: MI
Zip Code: 49120
Zip (4): 2224
OfficeContract Info
Status: Active
Current Price: $975,000
List Price: $975,000
Listing Date: 2025-10-27
Property Features
Property Use: Investment
Uses: Recreation; Other
Ownership: LLC
Business Includes: Real Estate
Construction Type: Block
Exterior Material: Brick
Roofing: Rubber
Below Grade: Basement
Additional Features: Multi User Facility
Tenant Pays All: Electric; Gas; Janitorial; Trash
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air; Wall Unit(s)
Purchase Terms Avail: Cash; Conventional
Sale Conditions: None
Send to Econ Dev Org: MEDC; SWMI First, Region 5
Possession: Subject To Tenant Rights
Listing Office: The Home Source Group
Listing Agent: Joseph F Williams
Last Updated: March - 05 - 2026
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