E Main St

In the Heart of Historic Downtown Niles: 404 E Main Street Step into a piece of Niles history, beautifully reimagined for modern living. 404 East Main Street the iconic former Four Flags Hotel has been meticulously transformed into a vibrant, 47-unit multifamily residence, blending historic character with contemporary comfort. What Makes This Property Exceptional: Historic Charm, Modern Living: This landmark building has been thoughtfully repurposed and recently renovated, offering updated finishes, fixtures, and mechanical systems throughout many units. Designed for Convenience: Each unit includes a private restroom, refrigerator, and heating unit, providing everything needed for comfortable, independent living. Prime Walkable Location: Nestled in the heart of downtown Niles, you're steps away from local dining, shopping, and entertainment. Live where you can truly live, work, and play. Proven Performance & Stability: With current occupancy at a strong 94% and historically low turnover, this property demonstrates consistent demand and reliable income potential. Ample Parking Included: The sale includes two additional lots to the south and east, providing plentiful parking for residents a rare perk in a downtown setting. Connected to the Region: Situated less than 5 miles from the Indiana state line, and just minutes from US 12 and US 31, this location is ideal for workers across the greater Michiana area. Perfect for: * Investors seeking a stable, high-occupancy asset in a growing historic district. * Local residents & families looking for an affordable, convenient downtown lifestyle. * Anyone who values community, charm, and connectivity. 404 E Main Street isn't just a property it's a lifestyle opportunity. With onsite management, strong tenant retention, and a location that can't be beat, this is your chance to own a piece of Niles' vibrant future.