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Key Details
Sold Price $355,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 5,668 sqft
Price per Sqft $62
Municipality Niles City
MLS Listing ID 24003988
Sold Date 10/18/24
Full Baths 3
Year Built 1949
Annual Tax Amount $2,859
Tax Year 2023
Lot Size 6,578 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 Southwestern Michigan - S
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
Cooling Central Air
Exterior
Utilities Available Phone Connected, Natural Gas Connected, Electricity Connected, Sewer Available
View Y/N No
Total Parking Spaces 7
Building
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Schools
School District Niles
Others
Tax ID 723920025010
Ownership LLC
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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