Small Professional Office
For Sale
Contact for pricing
533 Main Street, Belleville, MI 48111
Small multi-level office building with separate upper and lower entrances, renovated in 2016, plus gated parking.
Property Size99 SF
Price / SF$6.06
Days on Market202
Property Features for 533 Main Street
General Information
Standard status
Active
Size
99 SF
Total Parking Spaces
6
Property subtype
Office
Zoning
Central Business District (CBD)
Lease Term
Includes All Utilities
Amenities
gated private entry
parking
landscaped gardens
lake frontage
boat dock
hardwood floors
atrium reception
glass enclosed conference
kitchenette
laundry
shower
storage
Building Details
Year Renovated
2016
Stories
2
Properties For Sale
at 533 Main Street Contact usOffice #1
Size
63 SF
Type
Office Building
Term
Negotiable
Office #3 (Sublease)
Size
99 SF
Type
Office Building
Term
Negotiable
Listing Agency:
Swisher Commercial
Listed By:
Tony Caprarese · License #MI #6506046439
(734) 904-3521
Source:
Swishercommercial
Added: Apr 10
Changed: Oct 25
Last Checked: Oct 28 at 7:19AM
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 Swisher Commercial
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Investment Insights
Based on property information with market context.
This small professional office building offers separate entrances for upper and lower levels, with a gated private entry and parking. Interior and exterior renovations were completed in 2016, including new mechanical systems, windows, and roof work. The main level features an atrium reception area, a glass-enclosed conference room, and three private offices, while the lower walk-out level includes two offices, a spacious seating/relaxation area (or additional work area), and a kitchenette. Two bathrooms are provided, one with a shower, along with a mechanical room, laundry area, and ample closet and storage space. Hardwood floors run throughout.
The property includes landscaped gardens and lake frontage with a boat dock, offering a distinct setting for professional use.
The property includes landscaped gardens and lake frontage with a boat dock, offering a distinct setting for professional use.
Key Highlights
- Renovated and remodeled in 2016 with all new mechanical systems, windows, and roof
- Separate upper and lower entrances plus a gated private entry and parking
- Lake frontage with boat dock and landscaped gardens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$341
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,820
$6.8K
Cap Rate 7%
$4,871
$4.9K
Cap Rate 9%
$3,789
$3.8K
Market Conditions
NOI Build-Up for 99 SF
Gross rent
$594 $6.00/SF
− Vacancy
−$140 −$1.41/SF
EGI
$454 $4.59/SF
− OpEx
−$114 −$1.15/SF
NOI
$341 $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%
$6,820
Cap Rate 7%
$4,871
Cap Rate 9%
$3,789
Alternative Uses
Best Use
Office B
$4.9K
$4.3K – $5.7K
NOI $341 @ 7.0% cap · market cap 56.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$18.3K
$16.0K – $21.4K
NOI $1,283 @ 7.0% cap · market cap 213.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Office building - Small multi-level office building with separate upper and lower entrances, renovated in 2016, plus gated parking.
Where is this office building located?
The property is located at 533 Main Street Belleville, MI.
What are key features of this property?
This property features: Renovated and remodeled in 2016 with all new mechanical systems, windows, and roof; Separate upper and lower entrances plus a gated private entry and parking; Lake frontage with boat dock and landscaped gardens
