Versatile Commercial/Industrial Space for
1295 S Parker St, Marine City, MI 48039
For Sale
$1,299,900
33,000+ sq ft commercial/industrial space with expansion potential.
Property Size33,000 SF
Lot Size0.68 Acres
Days on Market347
Property Features for 1295 S Parker St
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Insignia Realty LLC
Listed By:
Heidi Weeden
(586) 747-6422
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 19 at 8:59AM
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 Insignia Realty LLC
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Investment Insights
Based on property information with market context.
This property offers over 33,000 square feet of commercial, industrial, and office space, presenting an exceptional opportunity. The property comprises three parcels, providing ample room for expansion. It is currently zoned as Mixed Marina. Electrical service includes 3-phase power. The asphalt shingle roof was newly installed in 2024, and the flat roof was newly installed in 2025. New gutters have been installed, and the sprinkler system was inspected in 2025. Compressed air is distributed throughout the building, and the compressors will remain with the property. A new furnace (GFA) was installed in 2023. A 15-camera security system is in place. The space is currently divided into 7 suites, but can be easily converted to accommodate various needs. Spray foam insulation is installed throughout the building. Overhead doors of varying sizes (15', 12', 10', and 8') are located throughout the building. Ceiling heights vary, with 16' clearance in the larger shop area. The building offers great exposure on Main Street and includes plenty of parking. An adjacent vacant lot could be utilized for outside storage or a building addition.
Key Highlights
- Over 33,000 sq. ft. of Commercial/Industrial and office space on 3 parcels.
- New Asphalt Shingle Roof ('24) and Flat Roof ('25).
- 3 Phase Electrical and Compressed Air throughout (Compressors Stay).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,603
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,272,060
$2.3M
Cap Rate 7%
$1,622,900
$1.6M
Cap Rate 9%
$1,262,256
$1.3M
Market Conditions
NOI Build-Up for 33,000 SF
Gross rent
$198.0K $6.00/SF
− Vacancy
−$46.5K −$1.41/SF
EGI
$151.5K $4.59/SF
− OpEx
−$37.9K −$1.15/SF
NOI
$113.6K $3.44/SF
Area
St. Clair County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,272,060
Cap Rate 7%
$1,622,900
Cap Rate 9%
$1,262,256
Alternative Uses
Best Use
Flex RnD
$5.71M
$5.00M – $6.66M
NOI $399,768 @ 7.0% cap · market cap 30.75%
Second Best
Industrial
$2.76M
$2.42M – $3.22M
NOI $193,347 @ 7.0% cap · market cap 14.87%
Theoretical Best
Multifamily LT 5
$24.81M
$21.71M – $28.94M
NOI $1,736,580 @ 7.0% cap · market cap 133.59%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 48039, MI
7,485
Population
3,701
Households
2
Avg Household Size
46
Median Age
20%
College-Educated
92%
High-School Grad
23.0 sq mi
ZIP Area
325
Density / Sq Mi
$76,304
Median Household Income
$42,715
Median Earnings
$879
Median Rent
$170,800
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Neiman's Bistro 428 — 560 S Water St, Marine City, MI 48039
Frequently Asked Questions
What type of property is this?
Flex space - 33,000+ sq ft commercial/industrial space with expansion potential.
Where is this flex space located?
The property is located at 1295 S Parker St Marine City, MI.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: Over 33,000 sq. ft. of Commercial/Industrial and office space on 3 parcels.; New Asphalt Shingle Roof ('24) and Flat Roof ('25).; 3 Phase Electrical and Compressed Air throughout (Compressors Stay).
