Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Hybrid Retail and Shop Building Title is generated by Realmo AI

    123 N Belle River Road, Marine City, MI 48039

    View on Map
    Claim this Listing
    For Sale
    $349,900

    COMMERCIAL - Marine City, MI

    Property size:
    6,696 SF
    Lot size:
    0.41 Acres
    Price / SF:
    $52/SF
    Added:
    Sep 9, 2024
    Days on Market:
    634
    Last Refresh:
    Jun 4 at 5:06 am

    Property Features for 123 N Belle River Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    02-375-0010-000
    Size
    6,696 SF
    Lot size
    0.41 Acres

    Utilities

    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1972
    Roof type
    Flat

    We can help!

    Listing Contact
    Anthony Rubino
    Anthony Rubino

    Listing agent Anthony Rubino License #6502425251

    Listing office Pilot Property Group - Residential LLC 38600 Van Dyke Ste 325, Shelby Twp, MI

    Listing date Sep 9, 2024

    MLS# 50154762

    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.

    HighLights

    • Hybrid building with retail/shop area
    • Forced‑air heating system
    • Flat roof
    • New roof and HVAC units installed in 2012
    • Built in 1972
    • Public water source

    Overview

    This for-sale property is a hybrid commercial building designed with both retail and shop area space. The building has had significant major system improvements, including a new roof and HVAC units installed in 2012, supporting long-term operational reliability.

    Located in Marine City, Michigan, the property sits on a 0.41-acre lot. The offering includes a total building size of 6,696 square feet, providing a flexible footprint for uses that combine customer-facing retail with back-of-house or shop operations.

    The configuration can work well for business owners or investors seeking an on-premises layout where retail sales and service or light shop functions can be housed under one roof. With the 2012 roof and HVAC updates already completed, tenants or operators can focus on customizing the space to their specific retail and shop workflow while planning around an improved building systems baseline.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Marine City
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.497238
    Latitude
    42.72079

    Nearby Similar for Sale

    • $308,000
      7,000 SF

      Medical Office Building with Step-Free Access

      Professional healthcare-ready building with no-step entrances, parking for 15+, and multiple restrooms and HVAC units.
      115 Main Street, Marine City, MI 48039
      View Details
    • $244,900
      1,624 SF

      Downtown Storefront with Open Interior

      Pristine storefront on South Water Street offers an open layout and river views in a downtown Marine City setting.
      208 S Water Street, Marine City, MI 48039
      View Details
    • $595,000

      Restaurant Building with Drive-Through

      Commercial building with drive-through, redevelopment potential, and excellent parking.
      159 Chartier St, Marine City, MI 48040
      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
    • $500,000
      2,700 SF

      Former Restaurant Near Lake St. Clair

      Former McDonald's restaurant near Lake St. Clair and shopping center.
      6658 Riverside Rd., Marine City, MI 48039
      View Details
    • $349,900

      Marine City Retail/Shop Opportunity

      Hybrid building with retail and shop area in Marine City.
      123 N Belle River Rd, Marine City, MI 48039
      View Details
    • $599,000
      56,950 SF

      Self-Storage Facility Opportunity

      Proposed self-storage facility near downtown Marine City.
      9693 Shortcut Road, Marine City, MI 48039
      View Details
    • $500,000
      2,700 SF

      Retail Property Near Lake St. Clair

      Retail property located near Lake St. Clair and shopping.
      6658 River Rd, Marine City, MI
      View Details

    FAQs

    What type of property is this?
    Retail space - For sale hybrid building with a retail/shop area and roof and HVAC units updated in 2012.
    Where is this retail space located?
    The property is located at 123 N Belle River Road Marine City, MI.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: Hybrid building with retail/shop area; Forced‑air heating system; Flat roof
    (586) 873-5419
    We can help!
    Listing Contact
    Anthony Rubino
    Anthony Rubino
    Real Estate License ID: 6502425251
    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

    Thank You for Inquiry
    123 N Belle River Road, Marine City, MI 48039
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!