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Listing ID #: 10046 100% occupied, 15,128 SF - retail center 8.25% CAP


Advertiser Info

 User:  cressy4100

Member Since: Mar 2013


Page Views

For This Ad:   794

Ad Info

  • Date Posted:
  • January 8, 2018
  • Purchase Price:
  • $2,750,000
  • Property Type:
  • Shopping Center

    Property Address:

  • Street:
  • 2010 S. 11th Street
  • City:
  • Niles
  • State:
  • Michigan
  • Zip Code:
  • 49120
  • County:
  • Berrien
Additional Details
  • Brokerage Firm:
  • Listing Type:
  • Distressed:
  • Tenancy:
  • No. Floors:
  • Year Built:
  • Bldg Sqft:
  • Land/Lot Size:
  • Newmark Grubb Cressy & Everett
  • Privately Owned
  • No
  • Multiple
  • 1
  • 1991; Remodeled 2007
  • 15,128
  • 1.9


Property Description

Investment Opportunity! 100% occupied, 15,128 SF - two building, retail investment located in Niles, Michigan, just north of the University of Notre Dame and across from Wal-Mart and Lowes. Strong tenant mix including Allied Cash Advance, Beacon Health Systems/Urgent Care, Anytime Fitness, H&R Block, Edward Jones, Joe’s Barber and Wings Etc. (4,000 SF freestanding building)

There are 93 shared parking spaces, new pylon and facade signage. The center has been well maintained and enjoys a high traffic location on S. 11th Street. The owner re-faced and remodeled the building in 2007. The parking lot was resurfaced in 2013. This is the most popular retail center in Niles and has historically strong cash flows with
low vacancy and complimentary tenant mix.

Detailed financial information is available upon completion of a confidentiality agreement.

Located on the high-traffic commercial corridor known as S. 11th Street (M-51) that connects the City of Niles, Michigan to South Bend, Indiana. This corridor has a mix of commercial, retail, restaurants, automotive service and sales, professional office and single family residential developments