51391 Willis Rd, Belleville, MI 48111
Commercial building on 0.42 acre corner lot in Belleville.
- Added:
- Mar 8, 2024
- Days on Market:
- 850
- Last Refresh:
- Jul 5 at 11:08 am
Property Features for 51391 Willis Rd
General Information
- Standard status
- Active
- Size
- 2,646 SF
- Lot size
- 0.42 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1925
Listing office Thomas Duke Company (248) 476-3700
Listing date Mar 8, 2024
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 Thomas Duke Company
HighLights
- 0.42 acre corner lot
- 2,646 SF commercial building
- Located in Belleville, Michigan
- Commercial Building
- Built in 1925
- Corner Lot
Overview
Local Financial Insights For 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 | $38.1k | $14.40 |
| − Vacancy | −$2.3k | −$0.86 |
| EGI | $35.8k | $13.54 |
| − OpEx | −$10.7k | −$4.06 |
| NOI | $25.1k | $9.48 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Belleville
- County
- Wayne
- State
- Michigan
- Longitude
- -83.5411949
- Latitude
- 42.1584342
