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# 70392052

Listing provided courtesy of: MI Realty, A Michigan RE Co. - (269) 340-5200

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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
- Acreage 3.2
- Area Municipality Niles (11039)
- County Berrien
- Originating MLS Southwestern Michigan Association of REALTORS
- Total SqFt Finished 16800
- Waterfront Y/N No
- Year Built 2020
Building Features
- Exterior Construction Metal, Steel
- Heating System Radiant
- FUEL TYPE Natural Gas
Property Features
- Water Public Water, Public Water at Street
- Lot Size irregular
- Sewer Septic Public Sanitary, Public At Street

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

$185,000 Median Sales Price

85 Homes Sold

86 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 11:51:17 AM	Price Reduced Source: Multiple Listing Service	New Value: $2,500,000	-7.41%
2/28/2024 2:52:00 PM	New in Database Source: Multiple Listing Service	New Value: $2,700,000

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* This payment calculator is intended for educational and planning purposes only.
** 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.

Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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.