Belle Plaza | Development Opportunity | South Bend MSA
1900 S 11th St, Niles, MI, USA Map
Listing Price $5,950,000
| Status | Active |
| Lease Type | Full Service |
| Property Type | Retail |
| GLA (Sq. Ft.) | 59,564 |
| NOI | $343,835 |
| State (BOR) | MI |
| Broker of Record | Steve Chaben |
| License # (BOR) | 6502387903 |
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 59,564 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.
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