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    Single-Story Commercial Flex Building Title is generated by Realmo AI

    123 N Belle River Avenue, Marine City, MI 48039

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    Single-story clear-span commercial building with assembled frontage and flexible adjacent land for varied retail and service uses.

    Type:Industrial, Office, Retail
    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 3:51 am

    Property Features for 123 N Belle River Avenue

    General Information

    Standard status
    Active
    Size
    6,696 SF
    Lot size
    0.49 Acres
    Property subtype
    Industrial, Office, Retail

    Building Details

    Year Built
    1961

    We can help!

    Listing Contact
    Robert Lawrence

    Listing agent Robert Lawrence License #6506022838

    Listing office @Properties

    Listing date Jun 1, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of @Properties

    HighLights

    • 6,696‑SF single‑story commercial building built in 1961 with clear‑span space
    • 0.55‑acre assembled offering with contiguous Belle River Avenue frontage under common ownership
    • B‑2 General Business zoning with broad commercial reuse options (specialty retail, childcare, marine & trades, food‑and‑beverage concepts)
    • 0.487‑acre lot includes about 14,000 SF of open land on the north side
    • Adjacent 0.064‑acre commercial parcel to the south extends assembled frontage and parking flexibility
    • Located one block from the St. Clair River and within Marine City’s historic district

    Overview

    The offering includes a 6,696-square-foot, single-story commercial building built in 1961 with a clear-span interior configuration. The property is bundled under common ownership with an adjacent corner parcel, creating a contiguous assemblage along Belle River Avenue. The site also includes open land on the north side and an additional commercial parcel to the south, supporting parking and reuse flexibility.

    The assembled property totals approximately 0.55 acres and provides frontage within Marine City’s B-2 General Business zoning corridor. It is located about one block from the St. Clair River and near the city’s historic district, which can support both neighborhood-serving and destination-oriented retail and service concepts.

    B-2 zoning offers broad reuse options, including specialty retail, climate-controlled or childcare uses, marine and trades services, and food-and-beverage destination concepts among other permitted commercial applications. For tenants and owner-operators seeking an adaptable, clear-span commercial building with additional on-site land for vehicle staging and site planning, this combination of building plus adjacent parcels is designed to accommodate a range of retail and service layouts.
    Location Intelligence

    Current Use by Public Records

    Flex 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.

    Similar Places Nearby

    • Blue Water Barbecue Company, LLC — 214 N Mary St, Marine City, MI 48039
    • Neiman's Bistro 428 — 560 S Water St, Marine City, MI 48039
    • Achatz Catering — 6105 King Rd, Marine City, MI 48039

    Location Insight

    • Map
    • Local Demand
    City
    Marine City
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.4974918
    Latitude
    42.7208903

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    FAQs

    What type of property is this?
    Flex space - Single-story clear-span commercial building with assembled frontage and flexible adjacent land for varied retail and service uses.
    Where is this flex 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‑SF single‑story commercial building built in 1961 with clear‑span space; 0.55‑acre assembled offering with contiguous Belle River Avenue frontage under common ownership; B‑2 General Business zoning with broad commercial reuse options (specialty retail, childcare, marine & trades, food‑and‑beverage concepts)
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Robert Lawrence
    Real Estate License ID: 6506022838
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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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