1015 Lake Street, Niles, MI 49120
Berrien County
Key Facts
Description
Rarely does a shovel-ready acre become available within the City of Niles with this level of flexibility. Located at 1015 Lake Street, this flat, 1.009-acre parcel is officially zoned Neighborhood Center (NC), allowing for unique development opportunities ranging from professional offices to multi-family housing. The land is largely cleared and ready for immediate construction, featuring approximately 110 feet of road frontage and a deep 400-foot lot line. All city utilities--municipal water, sewer, and electric--are available at the street, and the property currently benefits from low holding costs with residential vacant tax rates. The location offers excellent regional connectivity, situated just minutes from US-31 and US-12 for fast travel to South Bend, Notre Dame, and the Lake Michigan shoreline. Nearby, residents and patrons can enjoy local favorites like Riverfront Park, which hosts the annual Bluegrass Festival and summer concerts, as well as convenient shopping at Walmart, Tractor Supply, and downtown dining. This parcel represents a versatile and affordable opportunity in the 49120 zip code for an investor or builder looking to establish a presence in a growing mixed-use corridor.
Property Information
Property Type
Land
Sub-Type
Unimproved Land
Lot Size
1.02 acres
Lot Dimensions
111x402
Ownership
Private Owned
Days on Market
62
MLS® Listing#
26017646
Property Features
Lot Features
Community
Utilities
Schools
- District:
- Niles
Financial Details
Annual Taxes
$326
Tax year 2025
Assessed Value
$2,173
Parcel Number
11-71-5460-0006-00-1
Directions
Head North on N. 5th St. Turn Right onto Lake St. Parcel will be on your left side. Lot sits in-between N. 10th St. & N. 11th St.
Affordability Calculator
$5,184
Estimated monthly payment
$138/mo
Principal $20,736 · Est. interest $28,929 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Niles, MI
- $308,163
- Median Listing Price
- 33
- Median Days on Market
- 1,752
- Median Sq Ft
- $162
- Median Price / Sq Ft
- 131
- Active Listings
- This home’s price is 92% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Niles, MI.
Location
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Points of Interest in Niles, MI
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 634 S 3rd Street, Niles, MI | $20,169 | — | — | — |
| 124 S State Street, Niles, MI | $22,500 | — | — | — |
| 1022 Howard Street, Niles, MI | $25,000 | — | — | — |
| 1713 N Philip Road, Niles, MI | $28,500 | — | — | — |
| 0 Drew Drive, Niles, MI | $29,900 | — | — | — |
| 1478 Valley View Drive, Niles, MI | $29,900 | — | — | — |
Moving Cost Estimate
EXIT Agents in Niles
Listing Courtesy: Century 21 Affiliated - 2695885055
Presented by: The Rudlaff Group