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Prime Commercial Space in Bellaire

103 S Division St Bellaire, MI 49615

103 S Division St, Bellaire, MI, 49615

$265,000

For Sale

$265,000

Remodeled 1400 SF commercial space on a highly travelled highway.

Property Size1,400 SF

Lot Size0.23 Acres

Price / SF$189.29

AddedApr 26

Days on Market81

Last RefreshJul 15 at 4:45 pm

Property Features for 103 S Division St

General Information

Standard status: Active
Size: 1,400 SF
Lot size: 0.23 Acres
Property subtype: Commercial

Building Details

Year Built: 1960

Listing office Keller Williams Northern Michigan

Listing date Apr 26, 2026

Source Elliman

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 Keller Williams Northern Michigan

Investment Insights

Based on property information with market context.

This 1400 square feet commercial space is located on a highly travelled state highway, M-88, in the Village of Bellaire, the county seat of Antrim County and home of Shanty Creek Resort. The location offers exposure and easy entry and exit for a multitude of businesses. Remodeled around 2012, the building features natural light, low maintenance tile floors, and vinyl siding. It is handicap accessible, including the two bathrooms. Previously used as a Subway restaurant, it is suitable for retail, office, salon, gallery, or other business concepts. The parcel is 50x200, and there is an easement for parking and the driveway. A shed at the back of the building provides additional storage. The location has a walk score of 55, indicating it is somewhat walkable, and a bike score of 40, indicating it is somewhat bikeable.

Key Highlights

Prime commercial space on highly travelled M‑88 in Bellaire.
High‑traffic location near Shanty Creek Resort.
Building remodeled around 2012.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$21.7k	$15.48
− Vacancy	−$910	−$0.65
EGI	$20.8k	$14.83
− OpEx	−$6.2k	−$4.45
NOI	$14.5k	$10.38

1,400 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%

Alternative Uses

Best Use

Retail

$207.6K

$181.7K – $242.2K (±1% cap)

NOI $14,533 @ 7.0% cap · market cap 5.48%

Second Best

—

no second resolved use

Theoretical Best

Office A

$249.1K

$218.0K – $290.7K (±1% cap)

NOI $17,440 @ 7.0% cap · market cap 6.58%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Subway Take-out & Catering

Suggested Use

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For sale
Storefront properties
MI
Bellaire
49615
103 S Division St

What type of property is this?

Storefront property - Remodeled 1400 SF commercial space on a highly travelled highway.

Where is this storefront property located?

The property is located at 103 S Division St Bellaire, MI.

What is the asking price?

The asking price for this property is $265,000.

What are key features of this property?

This property features: Prime commercial space on highly travelled M‑88 in Bellaire.; High‑traffic location near Shanty Creek Resort.; Building remodeled around 2012.