Drive-Through Restaurant
159 Chartier Street Marine City, MI 48040
159 Chartier Street, Marine City, MI, 48040
$595,000
For Sale
$595,000
COMMERCIAL - Marine City, MI
Property Size1,800 SF
Lot Size0.41 Acres
Price / SF$330.56
Days on Market110
Property Features for 159 Chartier Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 02-900-0004-000
- Size
- 1,800 SF
- Lot size
- 0.41 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9728
Utilities
- Water source
- Public
Building Details
- Year built
- 2016
Listing agency
Berkshire Hathaway HomeServices Kee Realty SCS
(586) 774-2300
Listed by
Mario Como · License #6506045071
(586) 774-2300
Added: Apr 3 Updated: Jun 3 at 5:41PM Checked: Jul 21 at 6:06PM
MLS# 50203283
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 sale is for the real estate only and includes a drive-through restaurant building completed in 2016. The property offers an ADA-compliant setup with two ADA bathrooms for both employees and customers, and it is supported by extensive parking for service and customer access. The building size is listed at 1,800 square feet, and the total site area is 0.41 acres.
The property is located at 159 Chartier Street in Marine City, Michigan, in St. Clair County. It is configured to support drive-through operations and includes on-site space that can accommodate customer parking needs.
The building is currently leased, with the tenant’s lease noted as extending through spring 2027 and a listed rent of $3,000 per month under a triple net lease structure. The property also includes land described as suitable for development of a second income-producing building. Buyers have the option to maintain the existing tenant long term or redevelop for other food service use, depending on their operating or development plans.
The property is located at 159 Chartier Street in Marine City, Michigan, in St. Clair County. It is configured to support drive-through operations and includes on-site space that can accommodate customer parking needs.
The building is currently leased, with the tenant’s lease noted as extending through spring 2027 and a listed rent of $3,000 per month under a triple net lease structure. The property also includes land described as suitable for development of a second income-producing building. Buyers have the option to maintain the existing tenant long term or redevelop for other food service use, depending on their operating or development plans.
Key Highlights
- Real estate sale only for a high‑quality building completed in 2016
- Current lease through spring 2027 with a tenant 10‑year track record
- $3,000 monthly rent on a triple net (NNN) lease
Local Financial Insights For Specialty 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 | $34.1k | $18.96 |
| − Vacancy | −$887 | −$0.49 |
| EGI | $33.2k | $18.47 |
| − OpEx | −$8.3k | −$4.62 |
| NOI | $24.9k | $13.85 |
1,800 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$356.2K
$311.6K – $415.5K
NOI $24,931 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.35M
$1.18M – $1.58M
NOI $94,723 @ 7.0% cap · market cap 15.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Drive through restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - 2016-built, ADA-compliant drive-through restaurant with extensive parking, offered with a lease extending through spring 2027.
Where is this drive through restaurant located?
The property is located at 159 Chartier Street Marine City, MI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Real estate sale only for a high‑quality building completed in 2016; Current lease through spring 2027 with a tenant 10‑year track record; $3,000 monthly rent on a triple net (NNN) lease
