Property profile

103 Division St Bellaire, MI 49615

FOR SALE
Commercial real estate
Property ID
US43-2958621
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This 1,400 square foot industrial building is situated on a highly visible section of M-88 in Bellaire, Michigan, the county seat of Antrim County. The property boasts excellent visibility and convenient access, making it ideal for a variety of commercial uses. Completely remodeled around 2012, the building features low-maintenance tile floors and vinyl siding, allowing for easy upkeep. Abundant natural light brightens the interior. Two handicap-accessible bathrooms add to the building's functionality. Currently operating as a restaurant, this versatile space is equally well-suited for retail, office, salon, gallery, or other commercial ventures. The 0.23-acre lot (approximately 50' x 200') includes an easement for parking and a driveway, ensuring ample space for customers and employees. A convenient shed at the rear of the building provides additional storage. This sale includes the real estate only

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 05-41-030-011-10
UPID US43-2958621

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering

Location

103 Division St Bellaire, MI 49615
Bellaire metro Census 960401
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

since 2017
3 recorded transactions
2017
Price N/A
2017
$58,000
2011
$3,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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