Storefront with Storage
For Sale
$245,000
103 S Division, Bellaire, MI 49615
The building includes two accessible bathrooms, tile flooring, and a rear shed for additional storage.
Property Size1,400 SF
Lot Size0.23 Acres
Price / SF$175
Days on Market283
Property Features for 103 S Division
General Information
Standard status
Active
Size
1,400 SF
Lot size
0.23 Acres
Property subtype
Commercial/Industrial
Zoning
Commercial,Other
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$245,000
Amenities
natural light
low maintenance tile floors
vinyl siding
handicap accessible
2 bathrooms
additional storage shed
Building Details
Year Built
1960
Year Renovated
2012
Buildings
1
Listed By:
J.A. BACHLER
(810) 765-8895
Source:
Jabachler
Added: Jan 20
Changed: Oct 30
Last Checked: Oct 30 at 1:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of J.A. BACHLER
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Investment Insights
Based on property information with market context.
This 1,400-square-foot storefront was built in 1960 and remodeled around 2012. Its interior features natural light and tile floors, while vinyl siding finishes the exterior. The building is handicap accessible and has two accessible bathrooms. A shed behind the building provides additional storage.
The property is at 103 S Division in Bellaire, Michigan, along M-88. The parcel measures 50 by 200 feet, with parking and driveway access provided through an easement. Commercial zoning is listed as Commercial, Other.
The property is at 103 S Division in Bellaire, Michigan, along M-88. The parcel measures 50 by 200 feet, with parking and driveway access provided through an easement. Commercial zoning is listed as Commercial, Other.
Key Highlights
- 1,400‑square‑foot storefront
- Remodeled around 2012; originally built in 1960
- Two accessible bathrooms and handicap‑accessible building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,533
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,660
$290.7K
Cap Rate 7%
$207,614
$207.6K
Cap Rate 9%
$161,478
$161.5K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$21.7K $15.48/SF
− Vacancy
−$910 −$0.65/SF
EGI
$20.8K $14.83/SF
− OpEx
−$6.2K −$4.45/SF
NOI
$14.5K $10.38/SF
Area
Antrim County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,660
Cap Rate 7%
$207,614
Cap Rate 9%
$161,478
Alternative Uses
Best Use
Retail
$207.6K
$181.7K – $242.2K
NOI $14,533 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$249.1K
$218.0K – $290.7K
NOI $17,440 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
34k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 42%
Dining 31%
Shops & Services 27%
Family Fare
Groceries
14,184 visits/mo
0.3 miles
McDonald's
Dining
9,270 visits/mo
0.1 miles
Marathon
Shops & Services
3,999 visits/mo
0.0 miles
BP
Shops & Services
3,024 visits/mo
0.2 miles
Huntington Bank
Shops & Services
2,057 visits/mo
0.3 miles
Demographics for 49615, MI
4,161
Population
3,575
Households
1.2
Avg Household Size
57
Median Age
44%
College-Educated
97%
High-School Grad
68.4 sq mi
ZIP Area
61
Density / Sq Mi
$78,750
Median Household Income
$38,635
Median Earnings
$775
Median Rent
$257,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - The building includes two accessible bathrooms, tile flooring, and a rear shed for additional storage.
Where is this storefront property located?
The property is located at 103 S Division Bellaire, MI.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 1,400‑square‑foot storefront; Remodeled around 2012; originally built in 1960; Two accessible bathrooms and handicap‑accessible building
