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    114 S Division Street Bellaire, MI 49615

    Sponsored
    Source: https://www.cbcworldwide.com
    For Sale
    $229,000

    1,569 SF Office Building For Sale

    Property size:
    1,569 SF

    Description

    Added:
    Apr 11, 2025
    Days on Market:
    273
    South on Division St from E Cayuga St, property will be on your right

    Great investment opportunity in Bellaire! This 1,569 SF office building sits on approximately 0.43 acres and is only one minute from downtown Bellaire. The main floor features 5 offices, a conference room, a kitchenette, and a restroom. The second floor is accessed via spiral staircase and features 3 offices and 2 restrooms. The building features a unique design and the second floor offices include covered outdoor balconies. Priced at an 9.54% CAP in year 1 based on current lease with tenant.

    Property Features for 114 S Division Street

    General Information

    Property type
    Office buildings
    Square Feet
    1,569 SF
    Price / Square Foot
    $145
    Elevators
    N/A
    Lot Size
    18,731 SF

    Building Details

    Year Built
    1980
    Buildings
    1
    Stories
    2
    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
    State
    Michigan
    Longitude
    -85.198872
    Latitude
    44.974068

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    FAQs

    What type of property is this?
    Office building - 1,569 SF Office Building For Sale
    Where is this office building located?
    The property is located at 114 S Division Street Bellaire, MI.
    What is the asking price?
    The asking price for this property is $229,000.
    (231) 929-2300
    Request Owner's contact information
    114 S Division Street 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 S Division Street Bellaire, MI 49615
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