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    114 Division St Bellaire, MI 49615

    Sponsored
    For Sale
    $266,000

    Prime Bellaire location, high ROI potential.

    Property size:
    1,569 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional investment opportunity presents a 1,569 square foot office building ideally situated in Bellaire, Michigan. Located just one minute from downtown Bellaire, this property boasts high visibility and convenient access to local amenities. The building sits on a sizable 0.43-acre lot, offering ample space and potential for future expansion or development. The main floor comprises five individual offices, a dedicated conference room perfect for meetings and presentations, a practical kitchenette, and a restroom. A spiral staircase leads to the second floor, which includes three additional offices and two restrooms. A unique architectural feature of the second floor is the inclusion of covered outdoor balconies attached to the offices, providing pleasant outdoor workspace or break areas. The property is currently leased, projecting an 8% capitalization rate in the first year, making it an attractive proposition for investors seeking strong returns. The building's solid construction and desirable location contribute to its long-term value and potential for future appreciation. This is a rare opportunity to acquire a well-maintained, income-producing commercial property in a thriving Michigan community. The current lease provides immediate cash flow, minimizing vacancy risk for the new owner. This property is ready for immediate ownership and offers a compelling combination of location, income, and potential for growth.

    Property Features for 114 Division St

    General Information

    Property type
    Investment properties
    Square Feet
    1,569 SF
    Lot Size
    18,731 SF

    Building Details

    Year Built
    1980
    Property Profile Location Intelligence

    Current Use by Public Records

    Carla McDonald, COLDWELL ... Real Estate Agent

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellaire
    County
    Antrim
    State
    Michigan
    Longitude
    -85.19877
    Latitude
    44.97405

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    FAQs

    What type of property is this?
    Investment property - Prime Bellaire location, high ROI potential.
    Where is this investment property located?
    The property is located at 114 Division St Bellaire, MI.
    What is the asking price?
    The asking price for this property is $266,000.
    (231) 922-2350
    Request Owner's contact information
    114 Division St Bellaire, MI 49615
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    Bellaire, MI 49615
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    Realmo Value Estimation

    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.

    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.

    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
    114 Division St Bellaire, MI 49615
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