11724 BELLEVILLE RD Van Buren Township, MI 48111
43,765 SF neighborhood retail center in Belleville, Michigan.
- 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 (314) 889-2500
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.
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 |
Alternative Uses
Property Analytics
Current Use by Public Records
Similar Off Market Nearby
- Belleville Square Shopping Center — 10812 Belleville Rd, Belleville, MI 48111