Two-Story Office
175 2nd Street Belleville, MI 48111
175 2nd Street, Belleville, MI, 48111
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For Sale
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Two-story office building with 10 offices, conference room, kitchenette, and on-site parking, remodeled in 2011.
Property Size2,736 SF
Price / SF$164.47
Days on Market100
Property Features for 175 2nd Street
General Information
- Standard status
- Active
- Size
- 2,736 SF
- Property subtype
- Office
Building Details
- Year Built
- 1904
Listing agency
Moving The Mitten Real Estate Group
Listed by
Therese Antonelli · License #6502384068
Source
Crexi
Added: Apr 13 Updated: Jul 20 at 5:47PM Checked: Jul 20 at 5:47PM
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 Moving The Mitten Real Estate Group
Investment Insights
Based on property information with market context.
This two-story office building offers a practical layout with 10 offices, a conference room, and a kitchenette, along with 1.1 bathrooms. The property includes basement space for storage. Improvements include a complete remodel down to the studs in 2011 with new plumbing, electrical, flooring, and paint, and a new roof in 2018.
Situated on a side street just steps off busy Main Street, the building is supported by an on-site parking lot. An additional lot is included to extend current parking, with the remarks noting a supplemental adjacent lot included for added acreage.
The property is zoned commercial and is presented as ready for an office, medical, dental, or mixed-use configuration based on the current zoning and existing office improvements.
Situated on a side street just steps off busy Main Street, the building is supported by an on-site parking lot. An additional lot is included to extend current parking, with the remarks noting a supplemental adjacent lot included for added acreage.
The property is zoned commercial and is presented as ready for an office, medical, dental, or mixed-use configuration based on the current zoning and existing office improvements.
Key Highlights
- 2,800 SF, two‑story office building built in 1904 with 10 offices, a conference room, and kitchenette
- Completely remodeled down to the studs in 2011 with new plumbing, electrical, flooring, and paint
- New roof installed in 2018
Local Financial Insights For Healthcare Medical
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 | $54.8k | $20.04 |
| − Vacancy | −$6.8k | −$2.49 |
| EGI | $48.0k | $17.55 |
| − OpEx | −$19.2k | −$7.02 |
| NOI | $28.8k | $10.53 |
2,736 SF · lease $20.04/SF/yr · vacancy 12.42% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$411.6K
$360.2K – $480.2K
NOI $28,812 @ 7.0% cap · market cap 6.40%
Second Best
Office B
$134.6K
$117.7K – $157.0K
NOI $9,419 @ 7.0% cap · market cap 2.09%
Theoretical Best
Specialty Retail
$506.6K
$443.2K – $591.0K
NOI $35,459 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Viterna Law
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-story office building with 10 offices, conference room, kitchenette, and on-site parking, remodeled in 2011.
Where is this office building located?
The property is located at 175 2nd Street Belleville, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,800 SF, two‑story office building built in 1904 with 10 offices, a conference room, and kitchenette; Completely remodeled down to the studs in 2011 with new plumbing, electrical, flooring, and paint; New roof installed in 2018
