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    Property profile & analytics

    504 Main St Belleville, MI 48111-3115

    • Retail space
    • 5,812 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-4961974
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Urban Barber Shop Brand / Barber Shop
    • CET Pharmacy Group / Pharmacy
    • 24hr Flyers / Graphic Designer
    • B’s Wax / Waxing Hair Removal Service / Permanent Make-Up Clinic
    • Nails By Tee Beauty Bar / Beauty Salon

    Property Details for 504 Main St

    Year built
    1946
    Lot size
    0.17 lot acres
    Property size
    5,812 SF
    Property type
    Retail space
    APN
    31 084 01 0270 001
    APU
    31084010270001

    Description

    This exceptional 5,895 square foot retail storefront, located at 504 Main St, Belleville, MI 48111, presents a compelling investment opportunity. Built in 1967 and renovated in 2019, the property boasts a prime downtown location with excellent visibility and frontage on Main Street. Currently housing six tenants with an 83% occupancy rate, the property generates a strong net operating income (NOI) of $72,928, resulting in a 9.12% capitalization rate. The asking price is $800,000, translating to $135.71 per square foot. The property benefits from a strong mix of local service-based tenants and is strategically positioned near national retailers such as CVS Pharmacy, Chase Bank, State Farm, and Edward Jones. The surrounding area demonstrates significant growth, with multiple new developments underway in downtown Belleville. Furthermore, the property enjoys a highly desirable location, situated within a 5-mile radius of a population exceeding 62,000 residents and conveniently located approximately 10 miles from Detroit Metropolitan Airport and 31 miles from Detroit City Airport. This multi-tenant, net-lease property offers a stable income stream and significant potential for future appreciation. The property is a rare find in a thriving market.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4919
    Latitude
    42.2095
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,120
    $0.00
    $0.00
    $175,700
    -
    $0.00
    $0.00
    $351,400

    Comparable in this City

    • Value Estimation by Request
      1,225 SF

      24985 Sumpter Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,225 SF
      24985 Sumpter Rd, Belleville, MI 48111-9628
      View Details
    • Value Estimation by Request
      3,450 SF

      1136 Sumpter Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,450 SF
      1136 Sumpter Rd, Van Buren Township, MI 48111-2935
      View Details
    • Value Estimation by Request
      1,482 SF

      247 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,482 SF
      247 Main St, Belleville, MI 48111-2643
      View Details
    • Value Estimation by Request
      1,368 SF

      245 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,368 SF
      245 Main St, Belleville, MI 48111-2643
      View Details
    • Value Estimation by Request
      800 SF

      382 Main St

      RETAIL STORES (PERSONAL SERVICES) • 800 SF
      382 Main St, Belleville, MI 48111-2646
      View Details
    • Value Estimation
      $140,000
      1,268 SF

      151 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,268 SF
      151 Main St, Belleville, MI 48111-2737
      View Details

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    Similar Nearby for Lease

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      Belleville Road Retail Spaces

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      Belleville Retail Space Available

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    • $3,000,000
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      Belleville Automotive/Retail Property For Rent

      28,830 SF automotive/retail property with I-275 frontage.
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    • Contact for pricing
      9,114 SF

      Belleville Road Retail Opportunity

      High-traffic retail spaces available in Belleville, MI
      10401 Belleville Rd, Belleville, MI 48111
      View Details
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    Belleville, MI 48111-3115
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    Realmo Value Estimation

    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.

    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.

    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
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