504 Main St Belleville, MI 48111-3115

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.