1312 Lake Street Niles, MI 49120

Active

$2,500,000

Market Estimate

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16,800 sq. ft.
3.20 Acres
Commercial
MLS# 24009585

Listing provided courtesy of: MI Realty, A Michigan RE Co.

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Property Details

Description

Built in 2020 for Class C cannabis cultivation with 16,800 sq ft. Sale includes facility and all equipment. Location zoned for cannabis grow adult use recreational Marijuana/Cannabis. Building could be used for other purposes. The facility has 16' ceilings, 480 3 Phase power on a 3.2 acre site. Niles is the most populous city in Berrien County and is located along the Indiana Stateline with easy access to US 12, I-94 and 80/90 toll road making this a prime location for you new business venture. Several offices, bathrooms, break room, etc. Climate controlled, generator, lights, sprinklers, vault, warehouse space, etc Fully operational and turnkey with all you need to be up & running immediately upon obtaining your Class C license. Fantastic opportunity in not just the Cannabis Industry.

General Features
- Year Built 2020
- New Construction Y/N false
- Business Type Other,Professional/Office,Distribution,Recreation,Manufacturing
- County Or Parish Berrien
- Property Sub Type Retail/Commercial
- Tax Annual Amount 18280.0
Building Features
- Cooling Central Air
- Cooling Y/N true
- Construction Materials Metal Siding
- Building Area Total 16800.0
- Number Of Units Total 1
- Heating Y/N true
- Full Bathrooms 3
- Bathrooms 3
Property Features
- Lot Size Acres 3.2
- Lot Size Area 3.2
- Number Of Buildings 1
- Water Source Public
- Waterfront Y/N false
Schools
- High School District Niles

Neighborhood

49120 (Niles) Demographics

42 Median Age

298 Population Density (per sq. mile)

30% College Educated

$52,998 Estimated Median Income

10,904 Estimated Total Home Owners

3,707 Estimated Total Renters

75% / 25% Estimated Owner / Renter Divide

2 Estimated Average Household Size

35,679 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$184,950 Median Sales Price

82 Homes Sold

93 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	Current Price Source: Multiple Listing Service	New Value: $2,500,000
6/3/2024 11:14:21 AM	Price Reduced Source: Multiple Listing Service	New Value: $2,500,000	-7.41%
2/28/2024 2:44:00 PM	New in Database Source: Multiple Listing Service	New Value: $2,700,000

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** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Copyright 2024 MichRIC, LLC. All rights reserved.

Information Deemed Reliable But Not Guaranteed. The firm operating this website does not display the entire MLS (or MichRIC) Broker Reciprocity database on this web site. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Updated on 11/21/2024 8:15:12 AM PST. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.