$1,528,200
St. Joseph, MI 49085
MLS# 19051809
Status: Sold
32413 sqft
1 / 1
Property Description
Two tenant investment property on Niles Avenue in St. Joseph, Michigan. Anchor tenant is Harding's Grocery and the other tenant is Family Dollar. Both tenants have a long history at this site. All prospects must sign a confidentiality agreement to receive the Investment Offering Memorandum.
Details
Maps
Location Property Info
County: Berrien
Street #: 2844
Street Name: Niles Avenue
Suffix: Avenue
State: MI
Zip Code: 49085
Area: Southwestern Michigan - S
OfficeContract Info
Status: Sold
Current Price: $1,528,200
List Price: $1,650,000
Listing Date: 2019-10-23
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 2.07
Lot Square Footage: 90343
Lot Dimensions: 304.20 x 283.5 +/-
Year Built: 1958
Road Frontage: 304.2
Mineral Rights: Unknown
Total # Units: 2
# Fin Bldg Lvls: 1
Total # Bldgs: 1
Total SqFt: 32413
Property Use Type: Investment
Full Baths: 4
Waterfront: No
School District: St. Joseph
Tax Info
Tax ID #: 117627000008129
Taxable Value: 901328
SEV: 932000
For Tax Year: 2019
Seller's Annual Property Tax: 53372.48
Tax Year: 2019
Remarks Misc
Directions: From downtown St. Joseph take Niles Avenue south to property. Property is located on the west side of Niles Avenue just south of McDonald's.
Status Change Info
Under Contract Date: 2021-02-17
Sold Date: 2021-06-17
Sold Price: $1,528,200
Sold Price/SqFt: 47.15
Income and Expenses
Gross Op Income ($): 186750
Net Operating Income: 186750
Property Features
Property Use: Investment
Uses: Retail
Ownership: Partnership
Business Includes: Real Estate
Construction Type: Block
Exterior Material: Block
Roofing: Composition
Below Grade: None
Tenant Pays All: Building Insurance; Common Area Maintena; Electric; Gas; Janitorial; Prop Taxes/Assess; Sewer; Trash; Water
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Storm Sewer
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Docs Req Conf Agrmnt: Financials; Leases; Rent Roll
Sale Conditions: None
Possession: Close Of Escrow
Listing Office: Cressy Commercial Real Estate
Listing Agent: James Ringler
Last Updated: January - 12 - 2023
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