Waterfront Restaurant with
7493 River, Marine City, MI 48039
For Sale
$899,000
Riverfront dining space combines indoor seating, an outdoor patio, and an enclosed heated bar.
Property Size3,600 SF
Lot Size1.52 Acres
Price / SF$249.72
Days on Market40
Property Features for 7493 River
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Restaurant
Patio
Equipment Included
Additional Details
Business Included
Amenities
dock
boat wells
enclosed tiki bar
flat-screen TVs
Building Details
Year Built
Buildings
Listing Agency:
Kw Platinum
(586) 949-0200
Listed By:
Michael Frank · License MI #6502118179
(810) 650-9339
Source:
Jabachler
Added: Oct 6
Changed: Nov 13
Last Checked: Nov 12 at 11:25PM
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 approximately 3,600-square-foot restaurant sits along the St. Clair River, with views of passing freighters and the Canadian shoreline. The dining room seats approximately 150, while the patio accommodates about 100 more. An enclosed tiki bar provides 24 additional seats and has heaters. The 110-by-15-foot dock includes six boat wells and additional seating. The property was built in 1950 and occupies a 110-by-600-foot parcel.
The commercial kitchen is equipped with newer items, including an ice machine, stove, grill, and fryers. Recent work includes new flooring in the bar and dining room and an updated men's restroom. Ten flat-screen TVs are installed, and on-site parking accommodates approximately 90 vehicles.
The commercial kitchen is equipped with newer items, including an ice machine, stove, grill, and fryers. Recent work includes new flooring in the bar and dining room and an updated men's restroom. Ten flat-screen TVs are installed, and on-site parking accommodates approximately 90 vehicles.
Key Highlights
- 110‑by‑15‑foot dock with six boat wells and additional seating
- Approximately 150 seats indoors, about 100 on the patio, and 24 in the enclosed tiki bar
- Approximately 3,600‑square‑foot restaurant on a 110‑by‑600‑foot parcel
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
380
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 87%
Dining 13%
Dollar General
Shops & Services
5,544 visits/mo
0.4 miles
Sunoco
Shops & Services
3,659 visits/mo
0.4 miles
Jet's Pizza
Dining
1,344 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Riverfront dining space combines indoor seating, an outdoor patio, and an enclosed heated bar.
Where is this conventional restaurant located?
The property is located at 7493 River 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: 110‑by‑15‑foot dock with six boat wells and additional seating; Approximately 150 seats indoors, about 100 on the patio, and 24 in the enclosed tiki bar; Approximately 3,600‑square‑foot restaurant on a 110‑by‑600‑foot parcel
