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

Indicative value *
$0.1M - $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
73
Value decline
risk score
58
Value growth
potential score
  • Popular area with foot traffic score of 94 (out of 100)
  • Gentrifying area
  • High business growth
  • Neighbors include: Bank Of America
  • Mix of residential and commercial buildings with 59% of people residing in the area and 41% commuting here for work
  • A number of amenities in the area, but not many
  • Medium population density of 3,295/sq.mi. in 0.3mi and low population density of 756/sq.mi. in 3mi
  • Access to public transit is average with transit score of 31 (out of 100)
  • A number of amenities within walking distance but not many, including restaurants Hot Wok, Pizza Transit, Third Street Pizzaria, Olfactory Hue Catering and Bistro, Massimo's Pizzeria
  • Low retail growth
  • Low household income of $18,732/year in 0.3mi and $37,834/year in 3mi
  • Far from highways, highway score is 33 (out of 100)
  • Population has low level of education with 4% of people with bachelor degrees
  • Small-sized business tenants in the area, including Chalet Of Niles, 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 / 222 E Main St, Niles, MI 49120, USA Sign up for free property alerts
    Size
    Price
    $/SF
    Estimated
    cap rate
    Date
    Type
    5880
    19
    70.29
    02/20/20
    Retail
    2442
    25
    47.08
    02/20/20
    Retail
    2442
    23
    51.58
    05/23/19
    Retail
    1836
    201
    6.34
    02/19/19
    Retail
    5480
    67
    18.93
    02/19/19
    Retail
    2310
    119
    10.12
    04/12/17
    Retail
    3360
    81
    14.63
    04/12/17
    Retail
    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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    Name
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    Retail Landscape

    Foot traffic

    Population Density

    Income

    Business Density

    Salaries

    Highways

    Public Transit

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