
Moving The Mitten RE Group Inc
Listed by Moving The Mitten RE Group Inc
$900,000
458 Main Street
Details
APN 31084010266000
Property Type Hospitality, Office
Sub Type Hotel, Medical Office
Square Footage 7,666
NOI $26,610
Year Built 1966
Acreage 0.250
Hospitality
Marketing description
Attractive opportunity in the HEART of charming Downtown Belleville! The City of Belleville DDA has a request for proposals (RFP) for the renovation & reuse of 458 Main Street. This 7,666 sq ft building is situated on a corner lot within the Downtown Development Authority (DDA) boundary. It offers prime exposure and per SEMCOG traffic counts, it is estimated between 3000-5000 cars a day pass this key entry point for the downtown. Formerly a hardware store, the space has been largely gutted and is considered a blank slate for a future business—such as a restaurant, retailer, or other high-traffic business—that will drive customer engagement and support further development in the area. This parcel is currently zoned for the City of Belleville Central Business District. Easy access to I-94, just minutes from DTW and Willow Run Airport and conveniently located between Ann Arbor and Detroit. Immediate proximity to the Belleville Lake waterfront, the statewide Iron Belle Trail, local municipal offices, and established retail and dining establishments. Proposals will be evaluated based on their alignment with the district's goals, which prioritize a mixture of land uses that maintain a vibrant pedestrian presence and social spaces while offering business opportunities complementing the downtown. The entire building measures approximately 7,700 sq ft, containing one large commercial space (estimated at 6,066 sq ft) and three smaller commercial units (estimated at 600, 500, and 500 sq ft, respectively). These units are currently rented by month-to-month tenants, bringing in $2,217.50 in monthly revenue.
Listing Contacts

Moving The Mitten RE Group Inc
Listed by Moving The Mitten RE Group Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$26,610.00
$2,217.50/mo
Valuation Metrics
0
DSCR
2.96%
Cap Rate
2.96%
ROI
Map
Zoning
B-2 CommercialCore CommercialCentral Business
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