1900-1976 11th St
Niles, MI 49120
Belle Plaza · Retail Property For Sale

Belle Plaza presents a rare opportunity to acquire a high-visibility retail center strategically positioned at the busiest signalized intersection in Berrien County. Located at 1900 S. 11th Street in Niles, Michigan, this 7.63-acre property sits at the corner of M-51 and Bell Road, directly across from a newly developed Aldi and just one block from the US-12 interchange. With an average daily traffic count of 26,000 vehicles, the site offers exceptional exposure and accessibility to both local shoppers and regional commuters.
The plaza spans 61,519 square feet and is currently 71% occupied, anchored by Dollar General, an investment-grade tenant with a BBB credit rating. The remaining tenant mix includes a variety of local retailers and service providers, creating a strong foundation for future growth. Nearly all leases are short-term, providing flexibility for redevelopment or repositioning to maximize returns. Existing lease structures include Modified Gross and NNN, with opportunities to enhance collections and improve NOI immediately.
Surrounding the property is a thriving retail corridor featuring national brands such as Walmart, Lowe’s, Tractor Supply, Walgreens, and CVS. The seven-mile trade area boasts a population of over 106,000 and an average household income exceeding $92,000, underscoring the strength of local demographics. Additionally, Belle Plaza is just eight miles from South Bend, Indiana, and minutes from the University of Notre Dame, offering access to a dynamic regional economy.
Priced at $5,500,000 with a 6.85% cap rate and NOI of $376,566, Belle Plaza represents a compelling value-add investment with multiple paths for upside—whether through lease optimization or redevelopment. This is an ideal acquisition for investors seeking a well-located retail asset in a growing market with strong traffic, established co-tenancy, and significant long-term potential.