Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    29.3 Acres of Land Title is generated by Realmo AI

    Ecorse Rd, Belleville, MI 48111

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    29.3 acres of land available for sale.

    Type:Land
    Lot size:
    29.30 Acres
    Added:
    Aug 22, 2020
    Days on Market:
    2109
    Last Refresh:
    May 19 at 9:19 pm

    Property Features for Ecorse Rd

    General Information

    Standard status
    Active
    Lot size
    29.30 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Eric Banks
    Eric Banks

    Listing agent Eric Banks License #MI 6502360983

    Listing office Dominion Real Estate

    Listing date Aug 22, 2020

    Source Crexi

    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 Dominion Real Estate

    HighLights

    • Large acreage: 29.3 acres of land
    • Land

    Overview

    This property consists of 29.3 acres of land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Belleville
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4324462
    Latitude
    42.2535879

    Nearby Similar for Sale

    • $349,999
      5,016 SF

      Belleville Medical Office Building

      Income-generating medical office building with value-add leasing potential.
      25 Owen Street, Belleville, MI 48111
      View Details
    • $1,600,000
      36,800 SF

      Belleville, MI Agricultural Property

      5.5 acre agricultural property with 36,800 square foot building.
      14857 Martinsville Road, Belleville, MI 48111
      View Details
    • $99,900
      240 SF

      Belleville Commercial Property with Vacant Lot

      Former ice cream shop with expansion potential and vacant lot.
      644 E Huron River, Belleville, MI 48111
      View Details
    • $65,000

      Belleville Land for New Home

      Wooded lot near expressways, restaurants, and shopping in Belleville.
      Rawsonville Road, Belleville, MI 48111
      View Details
    • $119,900

      Belleville Land with Pole Barn

      4.8 acres with pole barn, well, and recreational potential.
      47106 Wear Rd, BellevilleCity_Wayne, MI 48111
      View Details
    • $750,000

      Industrial Land Near Willow Run

      Light industrial land close to Willow Run Airport.
      0000 Beck Rd, VanBurenCharterTownship_Wayne, MI 48111
      View Details
    • Contact for pricing

      Retail Space in Belleville Plaza

      Retail space available in Dollar Tree anchored shopping center.
      761 -899 Sumpter Road | Belleville, MI 48111
      View Details
    • $799,900
      2,431 SF

      Downtown Belleville Professional Office Space

      Professionally designed office space in downtown Belleville, near the lake.
      355 Main Street, Belleville, MI 48111
      View Details
    • $599,900

      Development Property on Belleville Road

      Approximately 2-acre development property, additional acreage available.
      7585 BELLEVILLE Rd, VanBurenCharterTownship_Wayne, MI 48111
      View Details
    • $1,600,000
      39,000 SF

      Industrial/Flex Building on Six Acres

      39,000 SF multi-tenant building on 6 acres for sale.
      14857 Martinsville Rd, Belleville, MI 48111
      View Details
    • $302,999

      Three-Unit Brick Home with Garage

      Three-unit brick home with garage, currently fully rented.
      43300 N INTERSTATE 94 SERVICE Dr, VanBurenCharterTownship_Wayne, MI 48111
      View Details
    • $400,000

      Vacant Land Parcel in Belleville

      1.82 acre vacant land parcel near downtown Belleville, Michigan.
      000 Savage Rd, Belleville, MI 48111
      View Details

    FAQs

    What type of property is this?
    Land - 29.3 acres of land available for sale.
    Where is this land located?
    The property is located at Ecorse Rd Belleville, MI.
    What are key features of this property?
    This property features: Large acreage: **29.3 acres of land**; Land
    (248) 399-9999 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Eric Banks
    Eric Banks
    Real Estate License ID: MI 6502360983
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Ecorse Rd, Belleville, MI 48111
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!