Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    25 Owen St Belleville, MI 48111

    Sponsored
    For Sale
    $350,000

    Real Estate Only - Belleville, MI

    Property size:
    5,016 SF
    Lot size:
    0.84 Acres
    Days on Market:
    20
    Last Refresh:
    Jan 22 at 12:06 pm

    Property Features for 25 Owen St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    31106990006704
    Size
    5,016 SF
    Lot size
    0.84 Acres

    Building Details

    Year built
    1989
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Darian Moore
    Darian Moore

    Keller Williams Professionals (734) 459-4700

    Listing agent Darian Moore (734) 459-4700

    Listing date Jan 3, 2026

    MLS# 20251046530 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Belleville, MI Real Estate Investment

    This commercial property, currently configured as a medical clinic, pharmacy, lab, and mental health/counseling services provider, presents an investment opportunity. The existing businesses are interested in continuing their leases. The current owner, who operates a medical clinic within the building, also desires to lease space from the new owner. The building contains a total of 14 individual offices, along with 2 conference rooms, 2 kitchens, and 4 bathrooms. There is also the potential for renting out 5 additional vacant office spaces. The property benefits from ample parking. Situated just outside of downtown Belleville, the property occupies a lot of 0.84 acres and has a building size of 5016 square feet. The property is zoned for commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Belleville Pharmacy Pharmacy Connors Andrea J Nurse Practitioner Greenfield Medical Pharmacies Pharmacy Deodge M Hill Physician Assistant Gretchen's Place Event Venue

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Animal Medical Center of Van Buren, Affordable Veterinary Clinic, Affordable Veterinary Clinic

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4843054
    Latitude
    42.1975749

    Nearby Similar for Sale

    • $749,000
      7,761 SF

      Belleville Commercial Building on Main

      7,000+ sqft commercial building on high-traffic Main Street.
      209 Main St, Belleville, MI 48111
      View Details
    • $1,500,000
      2,880 SF

      Profitable Auto Business and Real Estate

      Established auto parts business and real estate for sale.
      14090 Martinsville Rd, Belleville, MI 48111
      View Details
    • $235,000
      1,156 SF

      Brick Ranch Condo with Garage

      Condo with private entry, close to amenities and park.
      46158 Reedgrass Ln, Belleville, MI 48111
      View Details
    • $153,000

      Belleville Condo in Meadows Community

      Entry-level condo with pond views in a desirable location.
      45905 Wild Rye Ct Rd, Belleville, MI 48111
      View Details
    • Contact for pricing
      5,895 SF

      Retail Center on Main Street

      Multi-tenant retail center with frontage on Main Street in Belleville.
      504 Main St, Belleville, MI 48111
      View Details
    • $950,000

      Chapel of Memorial Gardens Cemetery

      50+ acre cemetery with chapel, room to grow.
      48300 Willow Rd, Belleville, MI 48111
      View Details
    • $302,999

      Three-Unit Brick Home with Garage

      Three-unit brick home with garage, currently fully rented.
      43300 Interstate 94 Service Dr, Belleville, MI 48111
      View Details
    • Contact for pricing
      99,261 SF

      Industrial Property on Haggerty Road

      Industrial property with repair garage and expansion potential for sale.
      8353 Haggerty Rd, Van Buren Twp, MI 48111
      View Details
    • $269,900

      Four-Unit Income Property on Acreage

      Four units on almost 3 acres with income potential.
      20150 Sherwood Rd, Belleville, MI 48111
      View Details
    • $773,900
      6,000 SF

      Medical Building with Ample Parking

      6,000 SF medical building with labs and visitor rooms.
      19130 Sumpter Rd, Belleville, MI 48111
      View Details
    • Contact for pricing

      New Van Buren Warehouse Space

      First-generation warehouse/contractor space near I-275 and I-94.
      6060 Schooner Dr, Van Buren Twp, MI 48111
      View Details
    • $650,000
      15,940 SF

      Belleville Industrial Property - Turnkey Rink!

      Profitable skating rink, plus homes & ice cream shop.
      19750 Sumpter Rd, Belleville, MI 48111
      View Details

    FAQs

    What type of property is this?
    Medical office - Income-generating commercial building near downtown Belleville.
    Where is this medical office located?
    The property is located at 25 Owen St Belleville, MI.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Income-generating property with existing tenants including a medical clinic, pharmacy, lab, and mental health/counseling services.; - Benefit from the opportunity to lease 5 additional vacant office spaces.; - The current owner desires to stay and lease space from the new owner.
    (734) 459-4700
    Request Owner's contact information
    25 Owen St Belleville, MI 48111
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    25 Owen St
    Belleville, MI 48111
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    25 Owen St Belleville, MI 48111
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Darian Moore
    Darian Moore
    (734) 459-4700
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.