114 Division St Bellaire, MI 49615

Property Details for 114 Division St

Property type

Commercial real estate

APN

05-41-030-013-00

APU

54103001300

Description

This exceptional investment opportunity presents a 1,569 square foot office building ideally situated in Bellaire, Michigan. Located just one minute from downtown Bellaire, this property boasts high visibility and convenient access to local amenities. The building sits on a sizable 0.43-acre lot, offering ample space and potential for future expansion or development. The main floor comprises five individual offices, a dedicated conference room perfect for meetings and presentations, a practical kitchenette, and a restroom. A spiral staircase leads to the second floor, which includes three additional offices and two restrooms. A unique architectural feature of the second floor is the inclusion of covered outdoor balconies attached to the offices, providing pleasant outdoor workspace or break areas. The property is currently leased, projecting an 8% capitalization rate in the first year, making it an attractive proposition for investors seeking strong returns. The building's solid construction and desirable location contribute to its long-term value and potential for future appreciation. This is a rare opportunity to acquire a well-maintained, income-producing commercial property in a thriving Michigan community. The current lease provides immediate cash flow, minimizing vacancy risk for the new owner. This property is ready for immediate ownership and offers a compelling combination of location, income, and potential for growth.

Location Insight

City

Bellaire

County

Antrim

State

Michigan

Longitude

-85.1989

Latitude

44.9741

Property Tax & Assessments