Former Bank Branch - Niles, MI

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30754111
Property Subtypes: Free-Standing Building, Retail-Pad, Street Retail, Vehicle Related, Other
Status: Pending
Building Size (RSF): 3,200 SF
Gross Building Area: See Agent
Gross Land Area: 1.52 Acres
Sale Price: $575,000
Unit Price: $179.69 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 11/24/2021

Overview / Comments

Former Bank Branch on South 11th Street.
Nearly 1.6 acres of land. Great visibility, ingress, and egress.
No tours can be scheduled until after the branch is fully decommissioned in Oct 2021. There will be no deed restrictions on financial uses, and financial institutions will get a first look period for 60 days after listing.
There are deed restrictions on any cannabis use.
3 drive-thru lanes.

Additional Details

Nearest MSA: Niles
County: Berrien
Tax ID/APN: 4792
Zoning: COMMERCIAL
Retail Clientele: General, Business, Traveler, Tourist, Other
Property Visibility: Excellent
Largest Nearby Street: M-31
Tenancy: Single Tenant
Property Condition: Good
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Heat Source: Central
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,590 27,004 42,427
Median Age: 38.12 39.57 41.38
Households: 4,053 11,018 16,862

Contact

Photograph of Listing Agent

Russ Bono, CCIM

CBRE Detroit CARWM Member
Photograph of Listing Agent

Cameron Timmer

CBRE Detroit CARWM Member
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