8881 Samuel Barton DrBelleville, MI 48111

  • Warehouses
  • 28,830 SF
For Sale
$2,150,000 View listing

Property Details for 8881 Samuel Barton Dr

Year built
1988
Lot size
3.18 AC
Property size (Sq ft)
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
Latitude
42.2387
Longitude
-83.4412
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$31,816
-
-
$677,400
-
-
-
$1,354,800

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