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
Overview
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.
Listing Details 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
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
- Yes
- # Fin Bldg Lvls
- Yes
- Total # Bldgs
- Yes
- 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
- Homestead %
- 0
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/SqFt
- 63.02
More Information
Additional Details
- Total Parking Spaces
- 80
Location & Property Info
- Cross Streets
- Front & Cass
- Property Sub-Type
- Retail
- Area
- Southwestern Michigan - S
- Municipality
- Niles City
Office/Contract Info
- Auction or For Sale
- For Sale
- List Price/SqFt
- 70.9
- Prop Avail for Lease?
- No
Remarks & Misc
- Legal
- LOTS 10 THRU 17 INCL HB & GW HOFFMANS ADD TO THE CITY OF NILES
Street Type
- Paved
- Yes
- Public
- Yes
Property Use
- Business
- Yes
Utilities Attached
- Cable Connected
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Phone Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Uses
- Professional Service
- Yes
- Professional/Office
- Yes
- Restaurant
- Yes
- Retail
- Yes
Construction Type
- Steel
- Yes
Exterior Material
- Brick
- Yes
Roofing
- Rubber
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Ownership
- LLC
- Yes
Heat Type
- Forced Air
- Yes
Air Conditioning
- Central Air
- Yes
Business Includes
- Real Estate
- Yes
Util Avail at St
- Cable Available
- Yes
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Phone Available
- Yes
Send to Econ Dev Org
- MEDC
- Yes
- SWMI First, Region 5
- Yes
Purchase Terms Avail
- Cash
- Yes
- Conventional
- Yes
Possession
- Negotiable
- Yes
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
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