Two-Unit Income Property with
1401 Saint Clair Boulevard Algonac, MI 48001
New
For Sale
$214,900
COMMERCIAL - Algonac, MI
Property Size1,404 SF
Lot Size0.70 Acres
Price / SF$153.06
Days on Market5
Property Features for 1401 Saint Clair Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
01-105-0187-000
Size
1,404 SF
Lot size
0.70 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Water source
Public
Listing Agency:
RE/MAX Advisors
(586) 725-1900
Listed By:
Laura Janski · License #6501328247
(810) 300-0262
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 30 at 12:06AM
MLS# 50216225
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Investment Insights
Based on property information with market context.
This income-producing property is divided into two separate sections: a larger, fully renovated two-bedroom cottage currently operated as a VRBO, and a smaller salon space for additional monthly rental income. The cottage includes an open living area, full kitchen, Smart TV, Wi-Fi, and on-site trailer parking, along with a warm wood ceiling and nautical-themed character.
Set on about 0.7 acres with approximately 836 square feet of building space, the property is located roughly two blocks from the public boat launch and within walking distance of downtown Algonac. It is also described as being near the St. Clair River and Lake St. Clair, marinas, fishing, parks, dining, and waterfront activities.
Set on about 0.7 acres with approximately 836 square feet of building space, the property is located roughly two blocks from the public boat launch and within walking distance of downtown Algonac. It is also described as being near the St. Clair River and Lake St. Clair, marinas, fishing, parks, dining, and waterfront activities.
Key Highlights
- Income‑producing property with two separate rental sections near downtown Algonac
- Larger fully renovated 2‑bedroom cottage operated as a VRBO
- Second rental space includes a smaller salon area for additional monthly rental income
Financial Insights For Retail
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 | $26.6k | $18.96 |
| − Vacancy | −$692 | −$0.49 |
| EGI | $25.9k | $18.47 |
| − OpEx | −$7.8k | −$5.54 |
| NOI | $18.1k | $12.93 |
1,404 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Apartment 5plus
$971.9K
$850.4K – $1.13M
NOI $68,030 @ 7.0% cap · market cap 31.66%
Second Best
Retail
$259.3K
$226.9K – $302.5K
NOI $18,149 @ 7.0% cap · market cap 8.45%
Theoretical Best
Multifamily LT 5
$1.06M
$923.6K – $1.23M
NOI $73,884 @ 7.0% cap · market cap 34.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Short term rental property - Fully renovated two-bedroom cottage operated as a VRBO plus an additional salon space generating monthly rental income.
Where is this short term rental property located?
The property is located at 1401 Saint Clair Boulevard Algonac, MI.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: Income‑producing property with two separate rental sections near downtown Algonac; Larger fully renovated 2‑bedroom cottage operated as a VRBO; Second rental space includes a smaller salon area for additional monthly rental income
