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New Green Mile Retail Location 2545 S 11th St 12,000 SF Vacant Retail Building Niles, MI 49120 $1,249,348 CAD ($104.11 CAD/SF) 8.88% Cap Rate
INVESTMENT HIGHLIGHTS
- Variety of Spaces perfect for many business types
- HIgh Traffic Frontage count is increasing dramatically due to New Green Mile
- New Rooftop HVAC units in 2023
- Only 50% of available space is occupied for current income
- New Steel Roof in 2024
- Space is separated by 36" x 9' glass bronze aluminum doors with 3' Glass Transoms
EXECUTIVE SUMMARY
Current Tenants have leased since 2003. Willing to stay but would also move with 30 day Notice if required for Buyer.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
12,000 SF
Building Class
B
Year Built
1985
Price
$1,249,348 CAD
Price Per SF
$104.11 CAD
Cap Rate
8.88%
NOI
$110,976 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.28
Lot Size
1.00 AC
Zoning
Retail/Wholesale - Flex space General Business
Parking
80 Spaces (6.67 Spaces per 1,000 SF Leased)
Frontage
204’ on M51 aka South 11th St.
AMENITIES
- 24 Hour Access
- Dedicated Turn Lane
- Fenced Lot
- Freeway Visibility
- Property Manager on Site
- Security System
- Signage
- Skylights
- Kiosk/Cart Space
- Storage Space
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- GreenWorld Environmental Centers LLC
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- St Joe County Recycling LLC
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| GreenWorld Environmental Centers LLC | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| St Joe County Recycling LLC | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 11-14-0860-0023-00-2 | Improvements Assessment | $0 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Total Assessment | $407,652 CAD (2025) |
PROPERTY TAXES
Parcel Number
11-14-0860-0023-00-2
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$407,652 CAD (2025)
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Presented by
Global Realty Investments LLC
New Green Mile Retail Location | 2545 S 11th St
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