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Shopping Neighborhood

Belle Plaza | Development Opportunity | South Bend MSA

1900 S 11th St, Niles, MI 49120

Listing Price: $5,950,000

Cap Rate
5.80%
Gross SF
59,564
Rentable SF
59,564
Price/Gross SF
$99.89
Lot Size
7.63 acres
Year Built
1976

Investment Overview

Subject is a 52,350 Square-Foot Retail Center on a 7.63-Acre Lot with Ample Parking, Pylon
Signage, Easy Ingress/Egress, and Strategically Located on a Busy Signalized Intersection.
Heavy Development with New Aldi Going in Across the Street.
Internet Resistant Tenant Mix and Strong Upside Play with Stabilization and Development
Options.

Investment Highlights

  • Robust Traffic Counts on M-51 and Bell Rd Avenue (27k VPD), a Quarter Mile off of Pulaski Highway (Source: CoStar, 2024)
  • Well Established Retail Corridor | Nearby National Retailers Include: Aldi (UC), Walmart, Harbor Freight, Lowe's, Tractor Supply, Midas, Culver's, Taco Bell, Wendy's, Burger King, and Others
  • Thriving Community with an Average Household Income of Over $93K within Five Miles of the Subject Asset, as of 2024
  • Subject is Just Over 8 Miles from South Bend International Airport, Serving Over One Million Passengers Annually (flysbn.com
  • Parks and Outdoor Recreational Facilities Nearby Include: Notre Dame Stadium, Leeper Park, Howard Park, Burke Golf Course, Warren Golf Course, Chain O' Lakes, Chamberlain Lake Nature Preserve, and More
  • Subject is 8 Miles from Downtown South Bend with a Population of 103,415

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Steve Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Shopping Neighborhood

Belle Plaza | Development Opportunity | South Bend MSA

Listing Price: $5,950,000

Cap Rate
5.80%
Gross SF
59,564
Rentable SF
59,564
Price/Gross SF
$99.89
Lot Size
7.63 acres
Year Built
1976

Investment Highlights

  • Robust Traffic Counts on M-51 and Bell Rd Avenue (27k VPD), a Quarter Mile off of Pulaski Highway (Source: CoStar, 2024)
  • Well Established Retail Corridor | Nearby National Retailers Include: Aldi (UC), Walmart, Harbor Freight, Lowe's, Tractor Supply, Midas, Culver's, Taco Bell, Wendy's, Burger King, and Others
  • Thriving Community with an Average Household Income of Over $93K within Five Miles of the Subject Asset, as of 2024
  • Subject is Just Over 8 Miles from South Bend International Airport, Serving Over One Million Passengers Annually (flysbn.com
  • Parks and Outdoor Recreational Facilities Nearby Include: Notre Dame Stadium, Leeper Park, Howard Park, Burke Golf Course, Warren Golf Course, Chain O' Lakes, Chamberlain Lake Nature Preserve, and More
  • Subject is 8 Miles from Downtown South Bend with a Population of 103,415

Investment Overview

Subject is a 52,350 Square-Foot Retail Center on a 7.63-Acre Lot with Ample Parking, Pylon Signage, Easy Ingress/Egress, and Strategically Located on a Busy Signalized Intersection. Heavy Development with New Aldi Going in Across the Street. Internet Resistant Tenant Mix and Strong Upside Play with Stabilization and Development Options.

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Steve Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

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