703 E Main St, Niles, MI 49120 - Valuation report, cap rates, free data
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703 E Main St, Niles, MI 49120

Indicative value *
$0.2M - $0.2M
* This indicative valuation is based on sales of other properties in the area, where data is available (see interactive map in the Sales Transactions tab below). For more accurate valuation, please request
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C
Overall location
score
30
Value decline
risk score
67
Value growth
potential score
  • Popular area with foot traffic score of 87 (out of 100)
  • Gentrifying area
  • Access to public transit is average with transit score of 33 (out of 100)
  • Medium levels of salaries of $35,000 per year
  • Largest industires include Restaurants and Bars, Manufacturing, General Merchandise Stores
  • Relatively close to an urban center
  • A number of amenities within walking distance but not many, including restaurants Brew Ha Ha, Pizza Transit, Third Street Pizzaria, Olfactory Hue Catering and Bistro, El Amigo Pepe
  • Residential district area with 72% of people residing in the area and 28% commuting here for work
  • Far from highways, highway score is 34 (out of 100)
  • Low employee density of 1,344/sq.mi. in 0.3mi and 130/sq.mi. in 3mi
  • Limited business growth
  • Low job growth in the area (within 3mi radius)
  • Small-sized business tenants in the area, including Chalet Of Niles, Toefco Engineering Inc., Greater Niles Community Federal Credit Union, Schrader Fabricating 401(k) Plan, French Paper Company, Signal Travel & Tours Inc, Ellen R. Wyant D.m.d. And Darrin M. Gourlay D.d.s. Pllc, Scarpone & Co. Pc, Niles Family Podiatry
  • USA / Michigan / 49120 / 703 E Main St, Niles, MI 49120, USA Sign up for free property alerts
    Size
    Price
    $/SF
    Estimated
    cap rate
    Date
    Type
    2250
    31
    10.74
    01/22/20
    Office
    1652
    18
    18.72
    10/01/19
    Office
    4500
    26
    14.12
    08/07/19
    Office
    1380
    121
    3.21
    04/09/19
    Office
    1449
    72
    7.51
    07/18/18
    Office
    2160
    74
    5.08
    06/01/18
    Office
    1870
    66
    6.89
    04/11/18
    Office
    2294
    85
    5.58
    10/03/17
    Office
    5822
    42
    9.18
    07/25/17
    Office
    5822
    42
    9.18
    07/25/17
    Office
    1648
    127
    3.37
    01/04/17
    Office
    Estimated cap rates are calculated assuming current average market rents, market vacancy, and average costs for each property. Actual cap rates may differ substantially if the property had lower or higher rents than average for the market, or had a higher or lower than market vacancy, or costs
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    Population Density

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