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11700-11824 Belleville Rd
Belleville, MI 48111
Van Buren Plaza · Retail Property For Sale
Investment Highlights
- Neighborhood Retail Center with Service Oriented Tenancy
- Strong Leasing Velocity
- Well-Maintained With Significant Capital Improvements
- Premier Location Within Dominant Retail Trade Area
- Dense Residential Area With High Incomes
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
43,765 SF
Building Class
C
Year Built
1988
Price
$6,982,530
Price Per SF
$159.55
Cap Rate
8%
NOI
$558,602
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
4.71 AC
Zoning
C-2 - Extensive Highway Business
Parking
255 Spaces (5.83 Spaces per 1,000 SF Leased)
Frontage
825’ on Belleville Rd
Amenities
- Dedicated Turn Lane
- Pylon Sign
Property Taxes
| Parcel Number | 83-081-99-0007-004 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,219,700 |
Property Taxes
Parcel Number
83-081-99-0007-004
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,219,700
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