Restaurant with Walk-In
For Sale
$849,900
6700 River Rd, Marine City, MI 48039
The restaurant includes private on-site parking and upgraded dining-room finishes.
Property Size5,585 SF
Lot Size0.74 Acres
Price / SF$152.18
Days on Market25
Property Features for 6700 River Rd
General Information
Standard status
Active
Size
5,585 SF
Lot size
0.74 Acres
Property subtype
Retail
Zoning
B2
Additional Details
Asking Price
$849,900
Building Details
Building Size
5,585 SF
Listing Agency:
Anton, Sowerby & Associates, Inc.
Listed By:
Susan Blanchard · License #6501370698
(586) 918-1956
Source:
Cpix.resimplifi
Added: Sep 11
Changed: Oct 1
Last Checked: Oct 5 at 3:17PM
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 Anton, Sowerby & Associates, Inc.
Investment Insights
Based on property information with market context.
At 6700 River Rd in Marine City, this 5,585-square-foot restaurant sits on approximately 0.74 acres and includes private parking. The B2-zoned property has a large walk-in cooler and freezer, along with a new roof and HVAC units.
Interior work includes renewed dining-room finishes, recovered booths and tabletops, and modern wall tile. Site improvements include a sealed and striped parking lot, a new entryway, and landscaping.
Interior work includes renewed dining-room finishes, recovered booths and tabletops, and modern wall tile. Site improvements include a sealed and striped parking lot, a new entryway, and landscaping.
Key Highlights
- 5,585‑square‑foot restaurant on approximately 0.74 acres
- Zoned B2, General Business
- Large walk‑in cooler and freezer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,354
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,547,080
$1.5M
Cap Rate 7%
$1,105,057
$1.1M
Cap Rate 9%
$859,489
$859.5K
Market Conditions
NOI Build-Up for 5,585 SF
Gross rent
$105.9K $18.96/SF
− Vacancy
−$2.8K −$0.49/SF
EGI
$103.1K $18.47/SF
− OpEx
−$25.8K −$4.62/SF
NOI
$77.4K $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%
$1,547,080
Cap Rate 7%
$1,105,057
Cap Rate 9%
$859,489
Alternative Uses
Best Use
Specialty Retail
$1.11M
$966.9K – $1.29M
NOI $77,354 @ 7.0% cap · market cap 9.10%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$4.20M
$3.67M – $4.90M
NOI $293,903 @ 7.0% cap · market cap 34.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
20k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 55%
Home Improvements & Furnishings 34%
Shops & Services 11%
VG's Grocery
Groceries
11,341 visits/mo
0.1 miles
Tractor Supply Co.
Home Improvements & Furnishings
6,940 visits/mo
0.1 miles
Fifth Third Bank & ATM
Shops & Services
2,217 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - The restaurant includes private on-site parking and upgraded dining-room finishes.
Where is this conventional restaurant located?
The property is located at 6700 River Rd Marine City, MI.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 5,585‑square‑foot restaurant on approximately 0.74 acres; Zoned B2, General Business; Large walk‑in cooler and freezer
