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458 Main St 7,666 SF Retail Building Belleville, MI 48111 $1,279,107 CAD ($166.85 CAD/SF) 2.96% Cap Rate
Investment Highlights
- Highly visible corner location marking a signature entry point into Downtown Belleville.
- Expansive, mostly open interior presenting a true blank slate for visionary concepts such as a destination restaurant, specialty retail, or mixed-use
- Walkable setting near Belleville Lake waterfront, Iron Belle Trail, local shops, and established dining venues.
- Significant daily traffic exposure with 3,000–5,000 vehicles passing the site per SEMCOG data.
- Immediate access to I-94 and just minutes from Detroit Metropolitan Airport and Willow Run Airport for convenient regional connectivity.
- Situated within an active Downtown Development Authority district focused on revitalization and mixed-use vibrancy.
Executive Summary
Positioned in the vibrant core of Downtown Belleville, 458 Main Street represents a unique redevelopment and investment opportunity within the city’s Central Business District. Encompassing approximately 7,666 square feet on a prominent corner lot, this property delivers unmatched visibility alongside SEMCOG-estimated traffic counts of 3,000–5,000 vehicles per day. Currently comprised of a large gutted commercial space and three smaller units, the building offers a flexible footprint to accommodate a wide range of concepts—from dining and retail to experiential or mixed-use projects—that can energize the downtown corridor.
The City of Belleville and its Downtown Development Authority actively support proposals that enhance walkability and social interaction. The property’s location places it within walking distance of boutiques, restaurants, waterfront amenities along Belleville Lake, and cultural attractions. Proximity to I-94 ensures quick regional connectivity, with Ann Arbor and Detroit both less than 30 minutes away, and DTW as well as Willow Run Airport just minutes from the site. Investors or owner-users can leverage local revitalization efforts, growing community interest, and the property’s prominent exposure to create a destination asset in this established and charming downtown district.
The City of Belleville and its Downtown Development Authority actively support proposals that enhance walkability and social interaction. The property’s location places it within walking distance of boutiques, restaurants, waterfront amenities along Belleville Lake, and cultural attractions. Proximity to I-94 ensures quick regional connectivity, with Ann Arbor and Detroit both less than 30 minutes away, and DTW as well as Willow Run Airport just minutes from the site. Investors or owner-users can leverage local revitalization efforts, growing community interest, and the property’s prominent exposure to create a destination asset in this established and charming downtown district.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,666 SF
Building Class
B
Year Built
1966
Price
$1,279,107 CAD
Price Per SF
$166.85 CAD
Cap Rate
2.96%
NOI
$37,819 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.36
Lot Size
0.49 AC
Zoning
Commercial - Commercial Zoned District
Frontage
54’ on MAIN STREET
Amenities
- Corner Lot
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 31-084-01-0266-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $298,458 CAD |
Property Taxes
Parcel Number
31-084-01-0266-000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$298,458 CAD
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458 Main St
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