115 E Main St - Health Club FOR SALE


Niles, MI 49120
$1,200,000 USD
269-767-8747
115 E Main St, Niles, MI for Sale
$1,200,000 USD
Health Club - FOR SALE
1/58
null | Request Cap Rate

115 E Main St
Niles, MI 49120


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$103 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Silverbrook St

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

CB

APN/PARCEL ID

11-72-3920-0003-00-8

ASK ABOUT THIS PROPERTY

Joseph WilliamsThe Home Source GroupMore Info
269-767-8747

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Joseph WilliamsThe Home Source GroupMore Info
269-767-8747

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.