Medical Office With Exam
For Sale
$799,900
355 Main Street, Belleville, MI 48111
Commercial Sale, Belleville, MI
Property Size2,431 SF
Lot Size0.28 Acres
Price / SF$329.04
Days on Market148
Property Features for 355 Main Street
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 3
Elementary school district
Van Buren
Middle school district
Van Buren
High school district
Van Buren
Directions
BELLEVILLE ROAD BECOMES MAIN STREET. BETWEEN 4TH AND 3RD STREET ON MAIN STREET
Standard status
Active
APN
31-084-03-0124-000
Size
2,431 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
21D124 LOT 124 ASSESSORS BELLEVILLE PLAT NO. 4 T3S R8E L67 P71 WCR
Tax Annual Amount
5362
Legal Description
21D124 LOT 124 ASSESSORS BELLEVILLE PLAT NO. 4 T3S R8E L67 P71 WCR
Utilities
Utilities
Electricity Available
Heating system
Forced Air
Building Details
Year built
1978
Number of units
1
Building materials
Aluminum Siding, Brick
Listing Agency:
Remerica Hometown One
(734) 420-3400
Listed By:
Nazeha Al-Ado
(734) 644-0980
Added: May 25
Changed: Oct 8
Last Checked: Oct 19 at 4:06PM
MLS# 26024612
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,431-square-foot medical office property, built in 1978, includes a reception area, multiple exam rooms or private offices, and four bathrooms. The layout can support medical, wellness, or general office functions, with ADA-compliant access and forced-air heating. Electricity is available, and the building features aluminum siding and brick construction.
The property occupies 0.28 acres in downtown Belleville near the lake, cafes, pharmacies, Corewell, and other shops. A private parking lot is located behind the building, with additional street parking available. The downtown setting also provides exposure to pedestrian and drive-by activity.
The property occupies 0.28 acres in downtown Belleville near the lake, cafes, pharmacies, Corewell, and other shops. A private parking lot is located behind the building, with additional street parking available. The downtown setting also provides exposure to pedestrian and drive-by activity.
Key Highlights
- 2,431‑square‑foot medical office property on 0.28 acres
- Multiple exam rooms or private offices with adaptable layout
- ADA‑compliant access and four bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,600
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,000
$512.0K
Cap Rate 7%
$365,714
$365.7K
Cap Rate 9%
$284,444
$284.4K
Market Conditions
NOI Build-Up for 2,431 SF
Gross rent
$48.7K $20.04/SF
− Vacancy
−$6.1K −$2.49/SF
EGI
$42.7K $17.55/SF
− OpEx
−$17.1K −$7.02/SF
NOI
$25.6K $10.53/SF
Area
Wayne County, MI
Vacancy
12.42%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,000
Cap Rate 7%
$365,714
Cap Rate 9%
$284,444
Alternative Uses
Best Use
Healthcare Medical
$365.7K
$320.0K – $426.7K
NOI $25,600 @ 7.0% cap · market cap 3.20%
Second Best
Office B
$119.6K
$104.6K – $139.5K
NOI $8,369 @ 7.0% cap · market cap 1.05%
Theoretical Best
Specialty Retail
$450.1K
$393.8K – $525.1K
NOI $31,506 @ 7.0% cap · market cap 3.94%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
Under-served
Demand for This Use
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
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Animal Medical Center of Van Buren — 491 Sumpter Rd, Belleville, MI 48111
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Accessible professional suite with adaptable rooms, rear parking, and a downtown setting near shops, pharmacies, and medical services.
Where is this medical office space located?
The property is located at 355 Main Street Belleville, MI.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 2,431‑square‑foot medical office property on 0.28 acres; Multiple exam rooms or private offices with adaptable layout; ADA‑compliant access and four bathrooms
