One-Story Open-Span Industrial
520 Bellevue St Detroit, MI 48207
520 Bellevue St, Detroit, MI, 48207
$450,000
For Sale
$450,000
Built in 1913, this one-story industrial building offers large column-free open space and includes an adjacent lot.
Property Size6,250 SF
Price / SF$72
Days on Market85
Property Features for 520 Bellevue St
General Information
- Standard status
- Active
- Size
- 6,250 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1913
Listing agency
O'Connor Realty Detroit, LLC
(313) 963-9891
Listed by
Bill Swanson · License #6501381221
(313) 963-9891
Source
Elliman
Added: Apr 28 Updated: Jul 21 at 6:52AM Checked: Jul 21 at 6:52AM
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 O'Connor Realty Detroit, LLC
Investment Insights
Based on property information with market context.
Built in 1913, this one-story industrial building features vaulted ceilings and a dramatic open-span layout. The structure includes approximately 6,250 SF +/- total with more than 5,500 SF of open space free of any columns, supporting flexible interior arrangements.
The property also includes the adjacent lot, which can accommodate parking or other outdoor opportunities. Public remarks indicate the building is located about one block from the planned WNBA Riverfront practice facility, with that city council-approved practice facility site described as half a block to the south near the Detroit River adjacent to Belle Isle. BikeScore, walkScore, and transitScore are listed as 83, 72, and 50, respectively.
For redevelopment, this configuration provides substantial unobstructed floor area within a single-story shell, along with nearby outdoor staging potential via the included adjacent lot.
The property also includes the adjacent lot, which can accommodate parking or other outdoor opportunities. Public remarks indicate the building is located about one block from the planned WNBA Riverfront practice facility, with that city council-approved practice facility site described as half a block to the south near the Detroit River adjacent to Belle Isle. BikeScore, walkScore, and transitScore are listed as 83, 72, and 50, respectively.
For redevelopment, this configuration provides substantial unobstructed floor area within a single-story shell, along with nearby outdoor staging potential via the included adjacent lot.
Key Highlights
- Built in 1913, one‑story open‑span industrial building with vaulted ceilings
- 6,250 SF +/- building with more than 5,500 SF of column‑free open space
- Includes the adjacent lot for parking or other outdoor opportunities
Local Financial Insights For Industrial
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 | $45.8k | $7.32 |
| − Vacancy | −$2.3k | −$0.37 |
| EGI | $43.4k | $6.95 |
| − OpEx | −$13.0k | −$2.08 |
| NOI | $30.4k | $4.86 |
6,250 SF · lease $7.32/SF/yr · vacancy 5.08% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$640.7K
$560.6K – $747.5K
NOI $44,850 @ 7.0% cap · market cap 9.97%
Second Best
Warehouse
$636.2K
$556.7K – $742.3K
NOI $44,536 @ 7.0% cap · market cap 9.90%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,514 @ 7.0% cap · market cap 21.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Heart & Soul Ministries
Church
Similar For Sale Nearby
Similar Off Market Nearby
- Detroit Taco Factory — pleasure dr, detroit, mi 48207
- Belle Isle Perfect Picnic Club — 99 Pleasure Dr, Detroit, MI 48207
- 3242 E. Jefferson Ave. Detroit, MI 48207 — 3242 E Jefferson Ave, Detroit, MI 48207
- Millenium Catering — 227 Iron St #133, Detroit, MI 48207
FAQs
What type of property is this?
Flex space - Built in 1913, this one-story industrial building offers large column-free open space and includes an adjacent lot.
Where is this flex space located?
The property is located at 520 Bellevue St Detroit, 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: Built in 1913, one‑story open‑span industrial building with vaulted ceilings; 6,250 SF +/- building with more than 5,500 SF of column‑free open space; Includes the adjacent lot for parking or other outdoor opportunities
