Medical Office Building with
115 Main Street Marine City, MI 48039
115 Main Street, Marine City, MI, 48039
$308,000
For Sale
$308,000
COMMERCIAL - Marine City, MI
Property Size7,000 SF
Lot Size0.36 Acres
Price / SF$44
Days on Market100
Property Features for 115 Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Exterior features
- Wheelchair Access
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 02-475-0304-000
- Size
- 7,000 SF
- Lot size
- 0.36 Acres
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Listing agency
Premier Properties Real Estate LLC
(810) 359-2000
Listed by
Lawrence Palleschi · License #6506041487
(810) 404-1584
Added: Apr 13 Updated: Jul 16 at 2:37AM Checked: Jul 21 at 6:06PM
MLS# 50204147
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.
Investment Insights
Based on property information with market context.
This professional medical office building is currently operating as a healthcare service and is set up for comfortable day-to-day access. The layout includes a common/reception area and three restrooms. The property offers three easy-access entrances with no steps, along with two natural gas furnaces and A/C units. Signage includes both a building sign and a pole sign, and fixtures and furniture may be negotiated with the sale.
The building provides on-street and lot parking for more than 15 vehicles, supporting patient and visitor access.
With multiple entrances and a functional front-office configuration, the space may be well suited for an established operation or a new user looking to move in with existing improvements.
The building provides on-street and lot parking for more than 15 vehicles, supporting patient and visitor access.
With multiple entrances and a functional front-office configuration, the space may be well suited for an established operation or a new user looking to move in with existing improvements.
Key Highlights
- Downtown Marine City professional building currently used as a healthcare service
- Three easy‑access entrances with no steps plus wheelchair access and an accessible ramp approach
- On‑street and lot parking for 15+ vehicles
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.0k | $6.00 |
| − Vacancy | −$9.9k | −$1.41 |
| EGI | $32.1k | $4.59 |
| − OpEx | −$8.0k | −$1.15 |
| NOI | $24.1k | $3.44 |
7,000 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$618.5K
$541.2K – $721.6K
NOI $43,294 @ 7.0% cap · market cap 14.06%
Second Best
Office B
$344.3K
$301.2K – $401.6K
NOI $24,098 @ 7.0% cap · market cap 7.82%
Theoretical Best
Multifamily LT 5
$5.26M
$4.60M – $6.14M
NOI $368,366 @ 7.0% cap · market cap 119.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Medical office building with three step-free entrances, a common reception area, and parking for over 15 vehicles.
Where is this medical office space located?
The property is located at 115 Main Street Marine City, MI.
What is the asking price?
The asking price for this property is $308,000.
What are key features of this property?
This property features: Downtown Marine City professional building currently used as a healthcare service; Three easy‑access entrances with no steps plus wheelchair access and an accessible ramp approach; On‑street and lot parking for 15+ vehicles
