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.