Maintained Office Building with
For Sale
$485,000
209 Main St, Belleville, MI 48111
Interior includes office, conference, and meeting rooms, along with a finished basement for additional functional space.
Property Size7,761 SF
Price / SF$62.49
Days on Market133
Property Features for 209 Main St
General Information
Standard status
Active
Size
7,761 SF
Taxes and HOA fees
Annual Taxes
$19,718
Amenities
Conference Rooms
Meeting Rooms
Finished Basement
Listing Agency:
RE/MAX Crossroads III
Listed By:
Glenn Silvenis · License #226970
(734) 699-4000
Source:
Exprealty
Added: May 27
Changed: Oct 3
Last Checked: Oct 5 at 7:31PM
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 RE/MAX Crossroads III
Investment Insights
Based on property information with market context.
This 7,761-square-foot office building at 209 Main St includes a range of work and gathering areas, with offices, conference rooms, and meeting rooms arranged throughout the property. A finished basement adds usable interior space, while the attached garage accommodates more than six vehicles.
The property is located on Main Street in Belleville, Michigan. Deed restrictions apply to the building’s use and should be reviewed as part of evaluating potential occupancy or redevelopment plans.
The property is located on Main Street in Belleville, Michigan. Deed restrictions apply to the building’s use and should be reviewed as part of evaluating potential occupancy or redevelopment plans.
Key Highlights
- 7,761‑square‑foot office building on Main Street
- Office, conference, and meeting rooms throughout the building
- Finished basement provides additional interior space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,717
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,340
$534.3K
Cap Rate 7%
$381,671
$381.7K
Cap Rate 9%
$296,856
$296.9K
Market Conditions
NOI Build-Up for 7,761 SF
Gross rent
$46.6K $6.00/SF
− Vacancy
−$10.9K −$1.41/SF
EGI
$35.6K $4.59/SF
− OpEx
−$8.9K −$1.15/SF
NOI
$26.7K $3.44/SF
Area
Wayne County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,340
Cap Rate 7%
$381,671
Cap Rate 9%
$296,856
Alternative Uses
Best Use
Office B
$381.7K
$334.0K – $445.3K
NOI $26,717 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,583 @ 7.0% cap · market cap 20.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 48111, MI
44,055
Population
19,406
Households
2.3
Avg Household Size
40
Median Age
27%
College-Educated
92%
High-School Grad
66.9 sq mi
ZIP Area
659
Density / Sq Mi
$74,125
Median Household Income
$42,194
Median Earnings
$1,162
Median Rent
$239,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Interior includes office, conference, and meeting rooms, along with a finished basement for additional functional space.
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 $485,000.
What are key features of this property?
This property features: 7,761‑square‑foot office building on Main Street; Office, conference, and meeting rooms throughout the building; Finished basement provides additional interior space
