8881 Samuel Barton Dr Belleville, MI 48111

Property Details for 8881 Samuel Barton Dr

Year built

1988

Lot size

3.18 lot acres

Property size

28,830 SF

Zone code

M1 LIG

Property type

Warehouses

APN

83 047 99 0003 705

APU

83047990003705

Description

This exceptional investment opportunity presents a 28,830-square-foot industrial flex property in Belleville, Michigan, currently leased to Goodyear Auto Service under a Net Lease agreement expiring April 30, 2026. The property boasts a strong 7.76% cap rate and a substantial net operating income (NOI) of $166,812. Situated on a 3.18-acre lot at 8881 Samuel Barton Dr, Belleville, MI 48111, this single-unit building benefits from a prime location directly north of the I-94 & I-275 interchange, providing excellent access to major transportation routes. Its proximity to Ann Arbor, Lansing, and the Detroit Metropolitan Wayne County Airport further enhances its strategic value. The property is adjacent to an industrial park including Visteon Corp., a Fortune 500 automotive company, and benefits from a high barrier to entry in a low-vacancy market. Significant renovations exceeding $500,000 have been completed since 2014, including roof repairs and plumbing upgrades. The lease, in place since 1989, includes a corporate guarantee, minimizing risk and offering a secure investment. The landlord is responsible only for roof and structure maintenance. This is a single-tenant, net-lease investment with no remaining lease options. The asking price is $2,150,000, translating to a price per square foot of $74.58. The property's strong tenant, prime location, and recent renovations make it an attractive investment opportunity.

Location Insight

City

Van Buren Township

County

Wayne

State

Michigan

Longitude

-83.4412

Latitude

42.2387

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments