Downtown Storefront with Open
208 S Water Street Marine City, MI 48039
208 S Water Street, Marine City, MI, 48039
$244,900
For Sale
$244,900
COMMERCIAL - Marine City, MI
Property Size1,624 SF
Lot Size0.05 Acres
Price / SF$150.80
Days on Market76
Property Features for 208 S Water Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 02-475-0243-000
- Size
- 1,624 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1943
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1964
- Roof type
- Flat
Listing agency
J. A. Bachler Realtor
(810) 765-8895
Listed by
Trent Attebury · License #6502433743
(810) 533-4381
Added: May 8 Updated: Jun 3 at 5:40PM Checked: Jul 22 at 12:06PM
MLS# 50206932
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 pristine commercial storefront features an open interior plan designed to support a variety of business uses. The property size is 1,624 square feet, situated on a 0.05-acre lot.
Located in the center of downtown Marine City, the building is positioned next to Water Street Winery and Brewing Co. and the Marine City Fish Company. The property also offers views of the St. Clair River, and it benefits from its placement along South Water Street.
With its flexible open layout and strong downtown context, this storefront is well suited for operators seeking a readily accessible commercial space in a walkable retail cluster. The building’s condition and adaptable interior should help accommodate a range of retail and service concepts, and land contract terms are available to qualified buyers.
Located in the center of downtown Marine City, the building is positioned next to Water Street Winery and Brewing Co. and the Marine City Fish Company. The property also offers views of the St. Clair River, and it benefits from its placement along South Water Street.
With its flexible open layout and strong downtown context, this storefront is well suited for operators seeking a readily accessible commercial space in a walkable retail cluster. The building’s condition and adaptable interior should help accommodate a range of retail and service concepts, and land contract terms are available to qualified buyers.
Key Highlights
- Commercial building built in 1964 with forced air heating and central air cooling
- Open interior layout well suited for a variety of uses
- Flat roof and public water source
Local 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 | $30.8k | $18.96 |
| − Vacancy | −$801 | −$0.49 |
| EGI | $30.0k | $18.47 |
| − OpEx | −$9.0k | −$5.54 |
| NOI | $21.0k | $12.93 |
1,624 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$299.9K
$262.4K – $349.9K
NOI $20,993 @ 7.0% cap · market cap 8.57%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,461 @ 7.0% cap · market cap 34.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - Pristine storefront on South Water Street offers an open layout and river views in a downtown Marine City setting.
Where is this storefront property located?
The property is located at 208 S Water Street Marine City, MI.
What is the asking price?
The asking price for this property is $244,900.
What are key features of this property?
This property features: Commercial building built in 1964 with forced air heating and central air cooling; Open interior layout well suited for a variety of uses; Flat roof and public water source
