Mixed-Use Market with
6005 Marine City Hwy, Cottrellville Township, MI 48039
For Sale
$689,900
The market includes a commercial kitchen, walk-in cooler, display cases, and a second-level apartment.
Property Size2,632 SF
Lot Size0.51 Acres
Price / SF$262.12
Days on Market23
Property Features for 6005 Marine City Hwy
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Corner Location
Road Access
Mixed-Use Components
Additional Details
Business Included
Currently Operating
Amenities
whole-building generator
full basement
Building Details
Buildings
Listing Agency:
Ironstone Realty
Listed By:
Daniel Lovell · License #MISPE-6502428262
(586) 354-6347
Source:
Metrodetroithomeguide
Added: Oct 18
Changed: Nov 8
Last Checked: Nov 8 at 6:37AM
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 Ironstone Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,632-square-foot market on 0.51 acres offers a storefront, glass display cases, a large walk-in cooler, and a commercial kitchen. Most equipment and fixtures are included. A whole-building generator, full basement with interior and exterior access, and a separate storage building are also on site. The second level contains a three-bedroom, one-bath apartment with large closets and a walk-in shower. The owner will provide family recipes and offer training in traditional preparation methods if requested.
At 6005 Marine City Hwy, the property occupies a corner with access from two roads and ample parking. An additional 7.49 acres to the south and west is available separately. The market serves Polish and other ethnic food products, and its social media audience exceeds 13,000 followers. The business has passed annual health inspections for 11 years; water is tested yearly.
At 6005 Marine City Hwy, the property occupies a corner with access from two roads and ample parking. An additional 7.49 acres to the south and west is available separately. The market serves Polish and other ethnic food products, and its social media audience exceeds 13,000 followers. The business has passed annual health inspections for 11 years; water is tested yearly.
Key Highlights
- 2,632‑square‑foot market building on 0.51 acres
- Second‑level apartment with 3 bedrooms and 1 bath
- Commercial kitchen, walk‑in cooler, and glass display cases; most equipment and fixtures included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,454
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$729,080
$729.1K
Cap Rate 7%
$520,771
$520.8K
Cap Rate 9%
$405,044
$405.0K
Market Conditions
NOI Build-Up for 2,632 SF
Gross rent
$49.9K $18.96/SF
− Vacancy
−$1.3K −$0.49/SF
EGI
$48.6K $18.47/SF
− OpEx
−$12.2K −$4.62/SF
NOI
$36.5K $13.85/SF
Area
St. Clair County, MI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$729,080
Cap Rate 7%
$520,771
Cap Rate 9%
$405,044
Alternative Uses
Best Use
Specialty Retail
$520.8K
$455.7K – $607.6K
NOI $36,454 @ 7.0% cap · market cap 5.28%
Second Best
Retail
$486.1K
$425.3K – $567.1K
NOI $34,024 @ 7.0% cap · market cap 4.93%
Theoretical Best
Multifamily LT 5
$1.98M
$1.73M – $2.31M
NOI $138,505 @ 7.0% cap · market cap 20.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The market includes a commercial kitchen, walk-in cooler, display cases, and a second-level apartment.
Where is this mixed-use property located?
The property is located at 6005 Marine City Hwy Cottrellville Township, MI.
What is the asking price?
The asking price for this property is $689,900.
What are key features of this property?
This property features: 2,632‑square‑foot market building on 0.51 acres; Second‑level apartment with 3 bedrooms and 1 bath; Commercial kitchen, walk‑in cooler, and glass display cases; most equipment and fixtures included
