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Belle Plaza Portfolio
Niles, MI

$4,700,000 USD

General Retail For Sale  •  62,519 SF

3 Properties View all

Property Details

• Property Type General Retail

40 Walk Score

Highlights

Attractive 9.18% Cap Rate with $431K NOI – Immediate in-place cash flow with value-add upside through lease and expense optimization.

62,519 SF Retail Center on 7.63 Acres – Large footprint with 23 suites, ample parking, and strong flexibility for re-tenanting or redevelopment.

Value-Add Opportunity (Approx. 69% Occupied) – Lease-up potential and underutilized expense reimbursements create near-term NOI growth.

Signalized Hard Corner with 26,000+ VPD – High-visibility location at M-51 & Bell Rd., near US-12 interchange.

Anchored by Investment-Grade Dollar General (BBB) – National tenant driving consistent traffic and stability.

Redevelopment Potential with ~600’ Frontage – Positioned within established retail corridor across from new Aldi and surrounded by national retailers.

Public Transportation

Commuter Rail	Drive	Walk	Distance
Niles Amtrak Station (Blue Water - Amtrak, Wolverine - Amtrak)	6 min	-	3.2 mi
Airport	Drive	Walk	Distance
South Bend International	26 min	-	14.3 mi