410 N 2nd Street, Niles, MI 49120 (MLS# 24030772)

410 N 2nd Street, Niles, MI 49120

$2,000,000

Property Type: Commercial Sale Square Footage: 31,734 Lot Size (sq. ft.): 75,504 Status: Sold

Current Price: $2,250,000 List Date: 6/17/2024 Last Modified: 5/22/2025

Description

Seize this investment opportunity with our prime commercial real estate offering, ideally situated in a high-demand location ensuring consistent traffic and visibility. This property is perfectly poised to deliver long-term stability and robust returns. A diverse tenant base with lease terms ranging from 2 to 7 years remaining, provides you with stability and security. Features a brand-new roof, reducing maintenance concerns, this property offers excellent cash flow, making it a valuable addition to any investment portfolio. Dollar General serves as the anchor tenant, attracting consistent foot traffic and providing a solid foundation for the property's income.

More Information MLS# 24030772

Location Property Info

County: Berrien Street #: 410 Street Direction: N Street Name: 2nd Suffix: Street State: MI Zip Code: 49120 Zip (4): 2285

OfficeContract Info

Status: Sold Current Price: $2,000,000 List Price: $2,250,000 Listing Date: 2024-06-17

General Property Info

New Construction: No Lot Measurement: Acres Lot Acres: 1.73 Lot Square Footage: 75504 Lot Dimensions: irregular Year Built: 1962 Road Frontage: 100 Total # Units: 1 # Fin Bldg Lvls: 1 Total # Bldgs: 1 Total SqFt: 31734 Full Baths: 7 Waterfront: No School District: Niles

Tax Info

Tax ID #: 11-72-3110-0010-00-6 Taxable Value: 696669 SEV: 780000 For Tax Year: 2023 Seller's Annual Property Tax: 38000 Tax Year: 2023 Spec Assessment & Type: None known

Remarks Misc

Directions: Main St to South on 2nd St to address.

Status Change Info

Under Contract Date: 2025-02-21 Sold Date: 2025-05-21 Sold Price: $2,000,000 Sold Price/SqFt: 63.02

Additional Details

Total Parking Spaces: 80

Property Features

Property Use: Business Uses: Professional Service; Professional/Office; Restaurant; Retail Ownership: LLC Business Includes: Real Estate Construction Type: Steel Exterior Material: Brick Roofing: Rubber Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Cable Available; Electricity Available; Natural Gas Available; Phone Available Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional Sale Conditions: None Send to Econ Dev Org: MEDC; SWMI First, Region 5 Possession: Negotiable

Listing Office: Realty Executives Instant Equity

Listing Agent: The Heaps Team

Last Updated: May - 22 - 2025

410 N 2nd Street, Niles, MI 49120- MLS# 24030772

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