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115 E Main St

11,696 SF Industrial Building Niles, MI 49120 £954,624 (£82/SF)

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Executive Summary

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.

Financial Summary (Actual - 2023) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Net Operating Income	-	-

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	-
Annual Per SF	-

Property Facts

Price	£954,624	Rentable Building Area	11,696 SF
Price Per SF	£82	Number of Floors	2
Sale Type	Investment	Year Built	1900
Property Type	Industrial	Tenancy	Single
Property Subtype	Warehouse	Level Access Doors	4
Building Class	A	Cross Streets	Silverbrook St
Lot Size	0.20 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£954,624
Price Per SF	£82
Sale Type	Investment
Property Type	Industrial
Property Subtype	Warehouse
Building Class	A
Lot Size	0.20 AC
Rentable Building Area	11,696 SF
Number of Floors	2
Year Built	1900
Tenancy	Single
Level Access Doors	4
Cross Streets	Silverbrook St
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.