Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    JEFFERSON Street Marine City, MI 48039

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at JEFFERSON Street, Marine City, MI
    For Sale
    $39,900

    LAND - Marine City, MI

    Added:
    May 1, 2025
    Days on Market:
    364
    Last Refresh:
    Apr 29 at 6:06 am

    Property Features for JEFFERSON Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    74024750354100

    Taxes and HOA fees

    Tax Description
    LOT 18, EXC E 50.25' & EXC W 50.25' BLK 31 MAP OF VILLAGE OF MARINE
    Tax Annual Amount
    1306

    We can help!

    Listing Contact
    Daniel H Hauer
    Daniel H Hauer

    Listing agent Daniel H Hauer License #MISPE-6502416160

    Listing office Square Deal Homes 48228 Harbor Drive, Clinton Township, MI

    Listing date May 1, 2025

    MLS# 20250029617 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Marine City Vacant Residential Lot

    This vacant lot presents an opportunity to own property in Marine City, Michigan. The buildable lot is situated near Water Street, within walking distance of downtown amenities. The location provides access to the beach, restaurants, cafes, shops, theaters, and riverfront parks. City water and sewer services are available at the street. Zoned for residential use, the lot offers flexibility for future development. It is suited for a weekend retreat, year-round residence, or investment property. The property is located close to downtown entertainment and offers peaceful surroundings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Marine City
    County
    St. Clair
    State
    Michigan
    Longitude
    -86.0269884
    Latitude
    42.8130414

    Nearby Similar for Sale

    • $308,000
      7,000 SF

      Downtown Marine City Professional Building

      Healthcare service building in the heart of Downtown Marine City.
      115 Main, Marine City, MI 48039
      View Details
    • $595,000
      1,800 SF

      Commercial Building with Drive-Through

      Commercial building with drive-through, redevelopment potential, and established tenant.
      159 Chartier, Marine City, MI 48040
      View Details
    • $199,000
      2,224 SF

      Prime Commercial Opportunity with River View

      Commercial property in Marine City's lively downtown with river view.
      520 S Water, Marine City, MI 48039
      View Details
    • $1,300,000

      St. Clair River Waterfront Land

      Vacant land with recreational potential in Marine City, Michigan.
      6609 S Parker, Marine City, MI 48039
      View Details
    • $119,900

      Residential Land with Outbuildings

      Residential land with city amenities and multiple outbuildings.
      7670 River, Marine City, MI 48039
      View Details
    • $63,500

      Buildable Lot in Marine City

      Level lot with upcoming water line improvements.
      235 N MARY Street, Marine City, MI 48039
      View Details
    • $349,900
      6,696 SF

      Marine City Commercial/Industrial Building

      Retail and shop area in growing Marine City, Michigan.
      123 N Belle River, Marine City, MI 48039
      View Details
    • $29,500

      Vacant Land in Marine City

      Vacant lot suitable for commercial or residential development with utilities.
      0 Parker, Marine City, MI 48039
      View Details
    • $290,000

      Waterfront Lot on St. Clair River

      Buildable waterfront lot with utilities in Marine City, Michigan.
      7503 River Road, Marine City, MI 48039
      View Details
    • $899,000
      18,637 SF

      High-Visibility Retail Space Available

      Over 18,000 sq. ft. retail space on high-visibility corner.
      303 S Parker St, Marine City, MI
      View Details
    • $235,000
      8,700 SF

      Well-Maintained Church Facility For Sale

      8,700 sq. ft. church with ample parking.
      111 West Blvd, Marine City, MI, 48039
      View Details
    • $197,850

      Industrial Land in Marine City

      13.19 acre industrial parcel with utilities available.
      Vacant S Parker, Marine City, MI 48039
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Buildable lot near downtown, water, and amenities in Marine City.
    Where is this residential land & home lot located?
    The property is located at JEFFERSON Street Marine City, MI.
    What is the asking price?
    The asking price for this property is $39,900.
    What are key features of this property?
    This property features: Prime location: Steps from Water Street and downtown Marine City's entertainment, restaurants, and shops.; Buildable vacant lot: Ready for development as a weekend retreat, year‑round residence, or investment property.; Walking distance to amenities: Beach, restaurants, cafes, shops, theaters, and riverfront parks are easily accessible.
    (586) 981-0742
    We can help!
    Listing Contact
    Daniel H Hauer
    Daniel H Hauer
    Real Estate License ID: MISPE-6502416160
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!