Historic Two-Story Mixed-Use
209 Main St Belleville, MI 48111
For Sale
$500,000
A two-story commercial building with offices, multiple restrooms, and parking, ready for immediate occupancy.
Property Size7,000 SF
Price / SF$71.43
Days on Market53
Property Features for 209 Main St
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1889
Listing Agency:
Moving The Mitten RE Group Inc
(734) 777-9094
Listed By:
Therese Antonelli · License #6501366596
(734) 777-9094
Source:
Elliman
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 25 at 8:49AM
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 RE Group Inc
Investment Insights
Based on property information with market context.
This stately Colonial Revival / Neo-Classical commercial building is available for immediate occupancy and offers a flexible interior for a range of uses. The property includes approximately 7,000+ square feet across two stories with wide open areas, enclosed offices, kitchenettes, and multiple restrooms. A full basement provides additional storage and potential for further build-out or operational needs. For parking support, the site includes ample parking in a lot, street parking availability, and a 6-car attached garage with a porte cochere that offers covered shelter for vehicles and possible outdoor use.
The building is situated on a high-traffic corner lot on Main Street in downtown Belleville. It is located within the City of Belleville’s B-2 Central Business District and is positioned to serve customers and visitors passing through the business corridor, with walkability noted as somewhat walkable.
Zoned commercial in the B-2 Central Business District, the building is suited for many tenant and owner-operator concepts, including professional and administrative offices, personal service uses, recreation, child care facilities, health and fitness facilities, and place of worship. The configuration also supports food and beverage concepts such as restaurants, bars, taverns, and wineries or breweries with outdoor seating, as well as hospitality and retail-oriented uses like a bed and breakfast or grocery store.
The building is situated on a high-traffic corner lot on Main Street in downtown Belleville. It is located within the City of Belleville’s B-2 Central Business District and is positioned to serve customers and visitors passing through the business corridor, with walkability noted as somewhat walkable.
Zoned commercial in the B-2 Central Business District, the building is suited for many tenant and owner-operator concepts, including professional and administrative offices, personal service uses, recreation, child care facilities, health and fitness facilities, and place of worship. The configuration also supports food and beverage concepts such as restaurants, bars, taverns, and wineries or breweries with outdoor seating, as well as hospitality and retail-oriented uses like a bed and breakfast or grocery store.
Key Highlights
- 7000+ SF two‑story commercial building built in 1889
- Wide open areas plus enclosed offices, kitchenettes, and multiple restrooms
- Zoned commercial (City of Belleville B‑2 Central Business District) with many permitted uses
Financial Insights For Hotel Hospitality
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 | $105.0k | $15.00 |
| − Vacancy | −$47.3k | −$6.75 |
| EGI | $57.8k | $8.25 |
| − OpEx | −$30.3k | −$4.33 |
| NOI | $27.4k | $3.92 |
7,000 SF · lease $15.00/SF/yr · vacancy 45.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$391.9K
$342.9K – $457.2K
NOI $27,431 @ 7.0% cap · market cap 5.49%
Second Best
Office B
$344.3K
$301.2K – $401.6K
NOI $24,098 @ 7.0% cap · market cap 4.82%
Theoretical Best
Specialty Retail
$1.30M
$1.13M – $1.51M
NOI $90,720 @ 7.0% cap · market cap 18.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - A two-story commercial building with offices, multiple restrooms, and parking, ready for immediate occupancy.
Where is this office building located?
The property is located at 209 Main St Belleville, MI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 7000+ SF two‑story commercial building built in 1889; Wide open areas plus enclosed offices, kitchenettes, and multiple restrooms; Zoned commercial (City of Belleville B‑2 Central Business District) with many permitted uses
