Waterfront Restaurant with
For Sale
$899,000
7493 River Road, Marine City, MI 48039
Indoor and patio dining are complemented by a heated enclosed tiki bar and a full commercial kitchen.
Property Size3,600 SF
Lot Size1.52 Acres
Price / SF$249.72
Days on Market28
Property Features for 7493 River Road
General Information
Standard status
Active
Size
3,600 SF
Total Parking Spaces
90
Lot size
1.52 Acres
Property subtype
Business
Additional Details
Business Included
Yes
Patio
Yes
Currently Operating
Yes
Amenities
dock
flat-screen TVs
Building Details
Year Built
1950
Listing Agency:
KW Platinum
(586) 949-0200
Listed By:
Michael Frank · License #6502118179
(810) 650-9339
Source:
Tilleryrealtygroup
Added: Oct 6
Changed: Nov 2
Last Checked: Nov 2 at 2:42AM
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 KW Platinum
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Investment Insights
Based on property information with market context.
This 3,600-square-foot restaurant on the St. Clair River accommodates approximately 150 guests indoors, with additional capacity for approximately 100 on the patio. An enclosed tiki bar seats 24 and has heaters. The commercial kitchen is equipped with newer equipment, including an ice machine, stove, grill, and top fryers. Recent work includes new flooring in the bar and dining room and an updated men's restroom; the restaurant also has 10 flat-screen TVs.
A 110' x 15' dock provides seating and contains six boat wells. Views extend across the river toward passing freighters and the Canadian shoreline. The 110' x 600' parcel includes on-site parking for approximately 90 vehicles.
A 110' x 15' dock provides seating and contains six boat wells. Views extend across the river toward passing freighters and the Canadian shoreline. The 110' x 600' parcel includes on-site parking for approximately 90 vehicles.
Key Highlights
- 3,600‑square‑foot restaurant on the St. Clair River
- Indoor seating for approximately 150; patio accommodates approximately 100
- Enclosed tiki bar seats 24 and has heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,861
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$997,220
$997.2K
Cap Rate 7%
$712,300
$712.3K
Cap Rate 9%
$554,011
$554.0K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$68.3K $18.96/SF
− Vacancy
−$1.8K −$0.49/SF
EGI
$66.5K $18.47/SF
− OpEx
−$16.6K −$4.62/SF
NOI
$49.9K $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%
$997,220
Cap Rate 7%
$712,300
Cap Rate 9%
$554,011
Alternative Uses
Best Use
Specialty Retail
$712.3K
$623.3K – $831.0K
NOI $49,861 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.71M
$2.37M – $3.16M
NOI $189,445 @ 7.0% cap · market cap 21.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Well-served
Demand for This Use
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?
Conventional restaurant - Indoor and patio dining are complemented by a heated enclosed tiki bar and a full commercial kitchen.
Where is this conventional restaurant located?
The property is located at 7493 River Road Marine City, MI.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 3,600‑square‑foot restaurant on the St. Clair River; Indoor seating for approximately 150; patio accommodates approximately 100; Enclosed tiki bar seats 24 and has heaters
