Restaurant Site with Vacant
For Sale
$99,900
Pending
644 E Huron River Drive, Belleville, MI 48111
COMMERCIAL - Belleville, MI
Property Size240 SF
Lot Size0.17 Acres
Days on Market85
Property Features for 644 E Huron River Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Subdivision
Huron Park Sub
Lot features
Main Street
Standard status
Pending
APN
31-087-04-0028-003
Size
240 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
1216
Utilities
Water source
Public
Building Details
Year built
1965
Listing Agency:
RE/MAX Eclipse · RE/MAX International
(586) 262-2000
Listed By:
Paul Fujimoto · License #6501363914
(313) 930-4699
Added: May 7
Changed: Jun 3
Last Checked: Jul 30 at 3:06PM
MLS# 50206683
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Investment Insights
Based on property information with market context.
This property is a small commercial site that was previously used as an ice cream shop. The sale is being conducted as-is, and the buyer is responsible for obtaining any certificate of occupancy required for the intended use.
The package also includes a vacant lot located at 604 E. Huron River Drive, expanding the usable site for parking and providing room for potential expansion or a new building. The seller notes that the transaction is subject to probate approval.
For buyers looking for a redevelopment-ready restaurant use, food service conversion, or a flexible infill layout, this offering combines an existing restaurant site with additional land to support parking adjustments and future improvements. Because the property is sold as-is, prospective buyers should plan for due diligence regarding condition, site requirements, and occupancy approvals prior to closing.
The package also includes a vacant lot located at 604 E. Huron River Drive, expanding the usable site for parking and providing room for potential expansion or a new building. The seller notes that the transaction is subject to probate approval.
For buyers looking for a redevelopment-ready restaurant use, food service conversion, or a flexible infill layout, this offering combines an existing restaurant site with additional land to support parking adjustments and future improvements. Because the property is sold as-is, prospective buyers should plan for due diligence regarding condition, site requirements, and occupancy approvals prior to closing.
Key Highlights
- Year built: 1965
- Former ice cream shop
- Includes a vacant lot at 604 E. Huron River Drive
Financial Insights For Specialty Retail
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 | $4.3k | $18.00 |
| − Vacancy | −$173 | −$0.72 |
| EGI | $4.1k | $17.28 |
| − OpEx | −$1.0k | −$4.32 |
| NOI | $3.1k | $12.96 |
240 SF · lease $18.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$44.4K
$38.9K – $51.8K
NOI $3,110 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
147
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former ice cream shop site with an included vacant lot, offering flexibility for parking and possible expansion.
Where is this conventional restaurant located?
The property is located at 644 E Huron River Drive Belleville, MI.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: Year built: 1965; Former ice cream shop; Includes a vacant lot at 604 E. Huron River Drive
