Back to Search
Stabilized Retail Shopping Center

11724 BELLEVILLE RD Van Buren Township, MI 48111

Claim this Listing
For Sale
Contact for pricing

43,765 SF neighborhood retail center in Belleville, Michigan.

Type:Retail
Property size:
43,765 SF
Lot size:
4.71 Acres
Price / SF:
$159/SF
Added:
May 18, 2026
Days on Market:
55
Last Refresh:
Jun 21 at 10:56 pm

Property Features for 11724 BELLEVILLE RD

General Information

Standard status
Active
Size
43,765 SF
Lot size
4.71 Acres
Property subtype
Retail

Building Details

Year Built
1988

Listing office Marcus & Millichap

Listing date May 18, 2026

Source Crexi

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 Marcus & Millichap


Investment Insights

Based on property information with market context.

Van Buren Plaza is a 43,765 square foot neighborhood retail shopping center located in Belleville, Michigan. The property is situated within Wayne County, the largest county in Michigan, with a population exceeding 1,770,000. The shopping center hosts a diverse mix of service-oriented retail tenants within a dense residential area with over 75,000 residents within a 5-mile radius. Tenants include Athletico, Anytime Fitness, Family Dentistry, Qahwa Zen Coffee House, Miami Tan, Body Radiance Medspa, Subway, Dos Pesos Restaurant, and Le Le Nails, among others. The property is located just off Interstate-94 (98,000 VPD) near the retail shopping corridor along Belleville Rd. It features frontage and visibility with a pylon sign and easy access. Nearby retailers include Walmart, Menards, and Meijer, along with ALDI, Planet Fitness, CVS, Cracker Barrel, Chick-Fil-A, Starbucks, McDonald’s, Culvers, Burger King, Holiday Inn and TownePlace Suites by Marriott. The property has seen recent leasing activity, including new leases with UPS, Retail Liquidator, Qahwa Zen Coffee House, and Kayrouze Jewelry. UPS has signed a 10-year lease on 1,500 SF at $21.00/SF. Constructed in 1988 on a 4.71-acre site, the property has been maintained and has undergone over $200,000 in capital improvements, including new HVAC systems, LED lighting, asphalt repairs, updated awnings, and a full exterior repaint. The center provides 245 surface parking spaces. The rent roll includes staggered lease expirations and contractual rent increases ranging from 2.5% annually to 10%.

Key Highlights

  • Fully stabilized retail center with recent leasing velocity, including a new 10‑year lease with UPS.
  • Located in a dense residential area within Wayne County (Detroit MSA), with a population of over 75,000 within a 5‑mile radius.
  • Excellent location off Interstate‑94 (98,000 VPD) with unmatched frontage, visibility, and easy access.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $630.2k $14.40
− Vacancy −$37.8k −$0.86
EGI $592.4k $13.54
− OpEx −$177.7k −$4.06
NOI $414.7k $9.48
43,765 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 30.00%

Alternative Uses

Best Use
Retail
$5.92M
$5.18M – $6.91M (±1% cap)
NOI $414,682 @ 7.0% cap · market cap 5.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.10M
$7.09M – $9.45M (±1% cap)
NOI $567,194 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Shopping centers

Suggested Use

Building Supply Law Firm HVAC Service Kitchen & Bath Showroom Dental Office Parking Lot & Garage Auto Parts Store Accounting Firm Furniture & Home Goods (Bike/Boat/Book/etc) Store

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

Similar Off Market Nearby

  • Belleville Square Shopping Center — 10812 Belleville Rd, Belleville, MI 48111

FAQs

What type of property is this?
Shopping center - 43,765 SF neighborhood retail center in Belleville, Michigan.
Where is this shopping center located?
The property is located at 11724 BELLEVILLE RD Van Buren Township, MI.
What is the asking price?
The asking price for this property is $6,982,530.
What are key features of this property?
This property features: Fully stabilized retail center with recent leasing velocity, including a new 10‑year lease with UPS.; Located in a dense residential area within Wayne County (Detroit MSA), with a population of over 75,000 within a 5‑mile radius.; Excellent location off Interstate‑94 (98,000 VPD) with unmatched frontage, visibility, and easy access.
Contact an agent
(314) 889-2500 Call to check price and availability
More about this property
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