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    The Largest CRE Database in the US with Over 1 Million Listings

    9724 Pearl Beach Blvd Clay, MI 48001

    Sponsored
    For Sale
    $495,000

    Commercial/Industrial - Clay, MI

    Property size:
    4,400 SF
    Lot size:
    0.38 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 31 at 8:06 am

    Property Features for 9724 Pearl Beach Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    144250044000 and 144240043000
    Parking features
    Parking Lot
    Patio and Porch features
    Patio, Deck
    Interior features
    Bath, Cafe/Kitchen, No Elevator, Wood Floors
    Exterior features
    Deck/Patio
    Accessibility
    Accessible Elevator Installed
    Size
    4,400 SF
    Lot size
    0.38 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Ceiling Fan(s), Central Air
    Water front features
    Lake/River Access, All Sports Lake, Lake/River Access, River Frontage, Waterfront, Waterfront
    Water front
    1

    Building Details

    Year built
    1900
    Flooring type
    Wood
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Catherine Baker

    RE/MAX Advisors (586) 725-1900

    Listing agent Catherine Baker (586) 725-1900 License #6501336049

    Listing date Jan 30, 2026

    MLS# 50198516 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Waterfront Bar & Restaurant Opportunity

    This is a rare opportunity to own a landmark bar and restaurant established in 1937, located in historic Pearl Beach. The sale includes the business, real estate, name, an active liquor license, and all contents of the building. The property includes a 40x242 lot on The North Channel, offering expansion or future development potential. The bar features a historic bar top with stools and seating for over 100 patrons. The fully equipped 23x12 commercial kitchen includes large industrial freezers and refrigerators, fryers, grill, griddle, soup station, an industrial dishwasher, and two walk-in coolers. The 4,400 square foot property offers two restrooms, two furnaces, and two A/C units. Above the bar is a spacious approximately 2,000 sq ft apartment with three bedrooms, ideal for an owner-operator, on-site management, or additional rental income. Situated directly next to the public fishing pier, this property has ample parking, a strong waterfront presence, and a loyal local customer base. This property presents an exceptional business and investment opportunity in a highly desirable recreational corridor along the North Channel. The lot size is 0.38 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Johnnie Lega's Restaurant ... Bar & Grill BLAA Chimney Fix ... Chimney Sweep

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Department Store Food Market

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

    Similar Places Nearby

    Johnnie Lega's Restaurant & Tavern, Club Capri

    Location Insight

    • Map
    • Local Demand
    City
    Clay
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.5982128
    Latitude
    42.6263563

    Nearby Similar for Sale

    • $350,000
      4,400 SF

      Established Waterfront Bar/Restaurant For Sale

      Turn-key bar and restaurant with living space and waterfront views.
      9724 Pearl Beach Blvd, Clay, MI 48001
      View Details
    • $495,000
      5,953 SF

      Industrial Property in Clay, MI

      5,953 SF industrial property available for sale.
      1878 Fruit St, Clay, MI 48001
      View Details
    • $1,699,900
      4,041 SF

      Prime Clay Marina & Waterfront Property

      Profitable waterfront business, exceptional location.
      7479 Dyke Rd, Clay, MI 48001
      View Details
    • $559,900
      4,400 SF

      9724 Pearl Beach Blvd, Clay, MI 48001

      Industrial properties • 4,400 SF
      9724 Pearl Beach Blvd, Clay, MI 48001
      View Details

    FAQs

    What type of property is this?
    Bar - Turnkey bar and restaurant with living quarters and waterfront lot.
    Where is this bar located?
    The property is located at 9724 Pearl Beach Blvd Clay, MI.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: - Turnkey Waterfront Bar & Restaurant: Includes business, real estate, name, liquor license, and all contents for immediate operation; - Prime Waterfront Location: Situated in historic Pearl Beach on The North Channel, next to the public fishing pier, with strong waterfront presence; - Additional Waterfront Lot: Includes a 40x242 lot on The North Channel for expansion or future development
    (586) 725-1900
    Request Owner's contact information
    9724 Pearl Beach Blvd Clay, MI 48001
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    Clay, MI 48001
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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.

    More about this property
    9724 Pearl Beach Blvd Clay, MI 48001
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    We can help!
    Listing Contact
    Catherine Baker
    Real Estate License ID: 6501336049
    (586) 725-1900
    Learn more
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