2844 Niles Avenue Avenue, St. Joseph, MI 49085 (MLS# 19051809)
2844 Niles Avenue Avenue, St. Joseph, MI 49085
$1,528,200
Property Type:
Commercial Sale
Square Footage:
32,413
Lot Size (sq. ft.):
90,343
Status:
Sold
Current Price:
$1,650,000
List Date:
11/06/2020
Last Modified:
1/12/2023
Description
Two tenant investment property on Niles Avenue in St. Joseph, Michigan. Anchor tenant is Harding's Grocery and the other tenant is Family Dollar. Both tenants have a long history at this site. All prospects must sign a confidentiality agreement to receive the Investment Offering Memorandum.
More Information MLS# 19051809
Location & Property Info
Cross Streets: Midway Ave. & Gard Ave.
Property Sub-Type: Retail
Municipality: St. Joseph City
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 50.91
Prop Avail for Lease?: No
Current Bldg Use: Retail - Hardings Grocery & Family Dollar Store
General Property Info
New Construction: No
Lot Dimensions: 304.20 x 283.5 +/-
Road Frontage: 304.2
Mineral Rights: Unknown
Waterfront: No
Total # Units: 2
Total # Bldgs: 1
# Fin Bldg Lvls: 1
Total SqFt: 32413
Property Use Type: Investment
School District: St. Joseph
Lot Measurement: Acres
Lot Acres: 2.07
Lot Square Footage: 90343
Year Built: 1958
Full Baths: 4
Tax Info
Taxable Value: 901328
SEV: 932000
For Tax Year: 2019
Seller's Annual Property Tax: 53372.48
Tax Year: 2019
Homestead %: 0
Spec Assessment & Type: 0
Tax ID #: 117627000008129
Remarks & Misc
Legal: On file at LO
Status Change Info
Sold Price/SqFt: 47.15
Under Contract Date: 2021-02-17
Sold Date: 2021-06-17
Sold Price: $1,528,200
Income and Expenses
Gross Op Income ($): 186750
Net Operating Income: 186750
Street Type
Paved: 1
Public: 1
Property Use
Investment: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Retail: 1
Construction Type
Block: 1
Exterior Material
Block: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
Partnership: 1
Below Grade
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Business Includes
Real Estate: 1
Util Avail at St
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Storm Sewer: 1
Tenant Pays All
Building Insurance: 1
Common Area Maintena: 1
Electric: 1
Gas: 1
Janitorial: 1
Prop Taxes/Assess: 1
Sewer: 1
Trash: 1
Water: 1
Docs Req Conf Agrmnt
Financials: 1
Leases: 1
Rent Roll: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Berrien
Street #: 2844
Street Name: Niles Avenue
Suffix: Avenue
State: MI
Zip Code: 49085
Area: Southwestern Michigan - S
OfficeContract Info
Status: Sold
Current Price: $1,528,200
List Price: $1,650,000
Listing Date: 2019-10-23
Remarks Misc
Directions: From downtown St. Joseph take Niles Avenue south to property. Property is located on the west side of Niles Avenue just south of McDonald's.
Property Features
Property Use: Investment
Uses: Retail
Ownership: Partnership
Business Includes: Real Estate
Construction Type: Block
Exterior Material: Block
Roofing: Composition
Below Grade: None
Tenant Pays All: Building Insurance; Common Area Maintena; Electric; Gas; Janitorial; Prop Taxes/Assess; Sewer; Trash; Water
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; High Speed Internet; Natural Gas Available; Phone Available; Storm Sewer
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Docs Req Conf Agrmnt: Financials; Leases; Rent Roll
Sale Conditions: None
Possession: Close Of Escrow
Listing Office:
Cressy Commercial Real Estate
Listing Agent:
James H Ringler
Last Updated: January - 12 - 2023
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