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    Single-Story Retail Building and Land Title is generated by Realmo AI

    123 N Belle River Avenue, Marine City, MI 48039

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    New
    For Sale
    $350,000

    COMMERCIAL - Marine, MI

    Property size:
    6,696 SF
    Lot size:
    0.49 Acres
    Price / SF:
    $52/SF
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 3:06 pm

    Property Features for 123 N Belle River Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking
    10
    Interior features
    Broadband
    Standard status
    Active
    APN
    02-375-0010-000
    Size
    6,696 SF
    Lot size
    0.49 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Parcel ID: 02-375-0010-000
    Tax Annual Amount
    2453

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1961
    Floors in Building
    1
    Number of units
    1
    Building materials
    Block
    Roof type
    Rubber

    We can help!

    Listing Contact
    Robert Lawrence
    Robert Lawrence

    Listing agent Robert Lawrence

    Listing office @properties Christie's Int'l 400 S Old Woodward Ave #100, Birmingham, MI

    Listing date Jun 1, 2026

    MLS# 26026477

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 6,696 sq ft single‑story commercial building built in 1961 with forced air heat and central air
    • Includes an adjacent corner parcel under common ownership; offered together for a combined approx. 0.55 acres
    • Approximately 0.487‑acre lot with roughly 14,000 sq ft of open land on the north side, plus a 0.064‑acre parcel to the south
    • Clear‑span commercial building with rubber roof and block construction
    • Zoned B‑2 General Business along a Belle River Avenue corridor; compatible uses include specialty retail, childcare, marine/trades services, and food‑and‑beverage concepts
    • Approx. contiguous Belle River Avenue frontage; one block from the St. Clair River and Marine City’s historic district

    Overview

    Offered as a bundled package, this single-story commercial building is paired with an adjacent corner parcel under common ownership for a first-time sale. The 1961 clear-span structure totals 6,696 square feet and sits on a 0.487-acre lot, complemented by approximately 14,000 square feet of open land on the north side. An additional 0.064-acre commercial parcel to the south extends the assembled frontage and adds parking and site flexibility. Together, the combined offering totals approximately 0.55 acres of contiguous frontage along Belle River Avenue within Marine City’s B-2 General Business zoning corridor.

    The site features frontage on Belle River Avenue in a central commercial corridor, with the St. Clair River and the city’s historic district located about one block away. This positioning can support a range of destination-oriented commercial concepts while keeping access straightforward for customers and tenants operating along the corridor.

    With underlying B-2 zoning, the property may be well suited to specialty retail, climate-controlled or childcare uses, marine and trades services, and food-and-beverage destination concepts, among other broad commercial reuses. The clear-span interior and the combination of building plus open land offer practical options for retailers, service users, and operators seeking adaptable site layout for customer-facing activity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marine City
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.497484
    Latitude
    42.720881

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    FAQs

    What type of property is this?
    Retail space - Clear-span commercial building with assembled frontage, open land, and B-2 zoning for flexible reuse in Marine City.
    Where is this retail space located?
    The property is located at 123 N Belle River Avenue Marine City, MI.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 6,696 sq ft single‑story commercial building built in 1961 with forced air heat and central air; Includes an adjacent corner parcel under common ownership; offered together for a combined approx. 0.55 acres; Approximately 0.487‑acre lot with roughly 14,000 sq ft of open land on the north side, plus a 0.064‑acre parcel to the south
    (248) 705-2086
    We can help!
    Listing Contact
    Robert Lawrence
    Robert Lawrence
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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