Two-Story Corner Office
209 Main Street Unit SourceFi Belleville, MI 48111
209 Main Street Unit SourceFi, Belleville, MI, 48111
$500,000
For Sale
$500,000
Two-story commercial building with enclosed offices, kitchenettes, multiple restrooms, ample parking, and a full basement.
Property Size7,761 SF
Price / SF$64.42
Days on Market57
Property Features for 209 Main Street Unit SourceFi
General Information
- Standard status
- Active
- Size
- 7,761 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 18
Listing Agency
Moving The Mitten RE Group Inc
(734) 777-9094
Listed by
Therese Antonelli · License #6501366596
(734) 777-9094
Source
Xome
Added: May 25 Checked: Jul 20 at 1:36 am
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 two-story Colonial Revival/Neo-Classical commercial building offers wide-open interior areas along with enclosed offices, kitchenettes, and multiple restrooms. The property also includes a full basement that can support storage and additional possibilities, and it is equipped with ample parking. An attached six-car garage and porte cochere add covered parking options and shelter for outdoor use.
The building sits on a high-traffic corner lot on Main Street in downtown Belleville. It is zoned for commercial use under the City of Belleville B-2 Central Business District, supporting a range of potential uses including professional and administrative office uses, personal services, recreation, health and fitness, child care facilities, and places of worship, among other commercial formats.
With its combination of office-ready space, restroom and kitchenette capacity, and parking accommodations, the building is positioned for immediate occupancy while allowing flexible configuration for a future tenant or owner-operator within the B-2 district.
The building sits on a high-traffic corner lot on Main Street in downtown Belleville. It is zoned for commercial use under the City of Belleville B-2 Central Business District, supporting a range of potential uses including professional and administrative office uses, personal services, recreation, health and fitness, child care facilities, and places of worship, among other commercial formats.
With its combination of office-ready space, restroom and kitchenette capacity, and parking accommodations, the building is positioned for immediate occupancy while allowing flexible configuration for a future tenant or owner-operator within the B-2 district.
Key Highlights
- 7000+ SF, two‑story commercial building on a high‑traffic corner lot on Main Street in downtown Belleville
- Enclosed office space with kitchenettes and multiple restrooms
- Ample parking with an on‑lot parking area plus street parking
Local Financial Insights For Office B
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 | $46.6k | $6.00 |
| − Vacancy | −$10.9k | −$1.41 |
| EGI | $35.6k | $4.59 |
| − OpEx | −$8.9k | −$1.15 |
| NOI | $26.7k | $3.44 |
7,761 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Retail
$1.05M
$919.2K – $1.23M
NOI $73,537 @ 7.0% cap · market cap 14.71%
Second Best
Office B
$381.7K
$334.0K – $445.3K
NOI $26,717 @ 7.0% cap · market cap 5.34%
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,583 @ 7.0% cap · market cap 20.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Two-story commercial building with enclosed offices, kitchenettes, multiple restrooms, ample parking, and a full basement.
Where is this office building located?
The property is located at 209 Main Street Unit SourceFi 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 on a high‑traffic corner lot on Main Street in downtown Belleville; Enclosed office space with kitchenettes and multiple restrooms; Ample parking with an on‑lot parking area plus street parking
