Belle Park Plaza

761-889 Sumpter Road, Belleville, MI

Market Price

Price

8.4%

Cap Rate

$209,879.50

NOI

Overview
Cap Rate
8.4%
NOI
$209,879.50
Building Size
51,335 sqft
Description

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Belleville is a western suburb of Metro Detroit located on the peninsular shores of Belleville Lake in Wayne County, Michigan. Belleville Lake is six miles long and covers over 1,000 acres. The City of Belleville is situated on the south shore of the Lake, offering 1.5 miles of lake frontage. The Belleville Area includes the City of Belleville, the Charter Township of Van Buren and Sumpter Township, and is home to over 40,000 residents.

The city is 18 miles southeast of Ann Arbor and 20 miles southwest of Detroit. Belleville is located just south of Interstate 94 and is surrounded by Van Buren Township. The proximity to Belleville Lake and favorable location along the I-94 corridor between Detroit Metro Airport and Ann Arbor make Belleville the ideal place to live and work. The city also hosts a planned industrial park along the rail road corridor. Belleville hosts the annual National Strawberry Festival, which is held over three days in the third weekend of June.

Highlights
  • This Asset is Scheduled for a Ten-X Online Auction Taking Place June 28-30, 2021
  • 54% Occupied Three Building Center
  • Immediate Upside by Leasing the Remaining 12 Suites
  • Strong Mix of National Retailers and Local Service-Based Tenants
  • Nine of the Tenants Have Over Five Years at This Location
  • Excellent Frontage on Sumpter Road | Large Pylon Sign Increases Visibility
  • Easily Accessible with Multiple Points of Ingress and Egress | Ample Parking Spaces
  • Located 10 Miles From Detroit Metropolitan Airport and Less Than 30 Miles From Downtown Detroit

Location