Property profile

51391 Willis Rd Belleville, MI 48111

FOR SALE
Warehouses
Property ID
US43-1570404
2,643 SF 0.42 ac lot Built 1925
Individually Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,646 square foot storefront property at 51391 Willis Rd, Belleville, MI 48111 presents a compelling redevelopment opportunity. Situated on a sizable 0.42-acre corner lot, this building offers significant potential for a variety of commercial uses. Built in 1925, the structure boasts a main floor of 1,608 square feet and an additional 892 square feet on the second floor, providing ample space for expansion or creative repurposing. The property is zoned for both residential and commercial use, opening up a range of possibilities for the discerning investor. The location in Belleville, Wayne County, Michigan, offers excellent visibility and accessibility. This property is ideal for entrepreneurs seeking a unique space to establish their business or for investors looking to capitalize on a prime redevelopment opportunity. Note that an adjacent single-family home at 9045 Rawsonville Rd is also available for purchase, presenting an additional investment opportunity. The property's APN is 81-026-99-0016-000. Asking price is $433,000.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1925
Total area 2,643 SF
Lot 0.42 ac (18,295 SF)
APN 81 026 99 0016 000
UPID US43-1570404

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
  • Hardware & Home Improvement Big Box & Wholesale Store

Location

51391 Willis Rd Belleville, MI 48111
Belleville metro Census 589401 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$175k

Owner & transaction history

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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