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Property profile & analytics
OFF-MARKET Estimated value $775,000
Commercial real estate

7479 Dyke Rd Clay, MI 48001-3013

2.82 ac lot
Individually Owned 2-yr Hold Free & Clear
Property ID
US43-4559135
Property summary
AI-generated overview

This exceptional waterfront property in Clay, MI, presents a rare investment opportunity. The 2.48-acre site boasts 133 feet of bay frontage and over 1000 feet of canal frontage, providing unparalleled access for boaters and fishermen. The property includes a well-established marina, complete with 47 wells and all necessary equipment for year-round operation. A thriving bar/restaurant and vacation rental are also included, offering diverse revenue streams. The 4,041 square foot building complex provides ample space for operations and storage. The property's coveted location ensures high demand and consistent income throughout the year, thanks to its stunning views and direct bay access. This turnkey business offers a unique blend of commercial and recreational opportunities, making it an ideal investment for those seeking a high-return waterfront venture. The established infrastructure and existing clientele provide a solid foundation for continued success and growth. This is a truly exceptional opportunity to acquire a profitable and established waterfront business in a highly desirable location. The property's diverse revenue streams and prime location make it a compelling investment prospect with significant potential for future expansion and profitability. The existing infrastructure and equipment are in place, allowing for immediate operation and revenue generation.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 2.82 ac (122,883 SF)
Zoning code C-3
APN 74-14-496-0013-005
UPID US43-4559135
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • On the ROCKS. Smoke House & Tiki Bar Restaurant
  • Plagens Piers Marina Marina
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$775k
Owner & transaction history
Kip R Plagen · 2 yrs held
Kip R Plagen
since 2023
Last sale
$775,000
1 recorded transaction
2023
$775,000
Zoning & alternative use
C-3 · Clay, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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