3 N 3rd St, Niles, MI 49120 - Valuation report, cap rates, free data
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3 N 3rd 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
68
Value decline
risk score
50
Value growth
potential score
  • Residential district area with 65% of people residing in the area and 35% commuting here for work
  • Popular area with foot traffic score of 92 (out of 100)
  • A number of amenities in the area, but not many
  • Medium population density of 3,221/sq.mi. in 0.3mi and low population density of 766/sq.mi. in 3mi
  • Access to public transit is average with transit score of 29 (out of 100)
  • A number of amenities within walking distance but not many, including restaurants Pizza Transit, Third Street Pizzaria, Olfactory Hue Catering and Bistro, Massimo's Pizzeria, Yes Buffet
  • Low retail growth
  • Low household income of $20,437/year in 0.3mi and $37,773/year in 3mi
  • Far from highways, highway score is 36 (out of 100)
  • Limited business growth
  • Population has low level of education with 5% 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 / 3 N 3rd St, Niles, MI 49120, USA Sign up for free property alerts
    Size
    Price
    $/SF
    Estimated
    cap rate
    Date
    Type
    2415
    51
    26.53
    04/22/20
    Retail
    2336
    238
    3.49
    05/10/19
    Retail
    1571
    51
    12.94
    03/26/19
    Retail
    1836
    201
    6.34
    02/19/19
    Retail
    4000
    52
    16.45
    11/05/18
    Retail
    4480
    22
    62.31
    07/03/17
    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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    Retail Landscape

    Foot traffic

    Population Density

    Income

    Business Density

    Salaries

    Highways

    Public Transit

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