Waterfront Restaurant with
New
For Sale
$899,000
7493 River Road, Marine City, MI 48039
COM/IND/BUS OPP, Marine City, MI
Property Size3,600 SF
Lot Size1.00 Acre
Price / SF$249.72
Days on Market1
Property Features for 7493 River Road
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Cottrellville Twp (74014)
Standard status
Active
APN
74-17-758-0041-000
Size
3,600 SF
Lot size
1.00 Acre
Utilities
Water source
Public
Amenities
dock
boat wells
flat-screen TVs
Building Details
Year built
1950
Listing Agency:
KW Platinum · Keller Williams Realty
(586) 949-0200
Listed By:
Michael Frank · License #6502118179
(810) 650-9339
Added: Oct 6
Last Checked: Oct 6 at 3:06PM
MLS# 50223954
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.
AJ’s Salt Docks is a 3,600-square-foot restaurant on a 1-acre parcel along the St. Clair River. The property has indoor seating for approximately 150, an outdoor patio for approximately 100, and an enclosed 24-seat tiki bar with heaters. A 110' x 15' dock adds seating and includes six boat wells. The commercial kitchen is equipped with newer equipment, including an ice machine, stove, grill, and top fryers. Other improvements include new flooring in the bar and dining room, 10 flat-screen TVs, and an updated men's restroom. The building was constructed in 1950.
The waterfront setting provides views of passing freighters and the Canadian shoreline. The property also includes on-site parking for approximately 90 vehicles.
The waterfront setting provides views of passing freighters and the Canadian shoreline. The property also includes on-site parking for approximately 90 vehicles.
Key Highlights
- 3,600‑square‑foot waterfront restaurant on a 1‑acre parcel
- Indoor seating for approximately 150, plus an outdoor patio for approximately 100
- Enclosed 24‑seat tiki bar with 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.
Property Analytics
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Open 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
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
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Frequently Asked Questions
What type of property is this?
Restaurant - A full commercial kitchen, extensive guest seating, and on-site parking support restaurant operations.
Where is this 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 waterfront restaurant on a 1‑acre parcel; Indoor seating for approximately 150, plus an outdoor patio for approximately 100; Enclosed 24‑seat tiki bar with heaters
