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    Lakefront Bar and Restaurant Title is generated by Realmo AI

    7707 Dyke Road, Fair Haven, MI 48023

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    Claim this Listing
    Pending
    $795,000

    COMMERCIAL - Fair Haven, MI

    Property size:
    1,405 SF
    Lot size:
    0.74 Acres
    Added:
    Dec 17, 2025
    Days on Market:
    170
    Last Refresh:
    Jun 5 at 4:06 am

    Property Features for 7707 Dyke Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Patio and Porch features
    Patio
    Exterior features
    Deck/Patio
    Standard status
    Pending
    APN
    23-220-0001-000
    Size
    1,405 SF
    Lot size
    0.74 Acres

    Taxes and HOA fees

    Tax Annual Amount
    9813

    Utilities

    Water source
    Public
    Water front
    1

    We can help!

    Listing Contact
    Maria McGuire
    Maria McGuire

    Listing agent Maria McGuire License #6504242665

    Listing office RE/MAX Advisors 34350 23 Mile Rd, New Baltimore, MI

    Listing date Dec 17, 2025

    MLS# 50196272

    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.

    HighLights

    • 184' of lake frontage with a steel seawall at a lakefront bar/restaurant
    • Boat dockage for customers plus public water service
    • Large yard with an enclosed tiki bar by the water and patio
    • Parking lot on site
    • Buyer receives first right of refusal on an adjacent canal lot to the north with an additional 49' of water frontage

    Overview

    Rarely do waterfront hospitality properties come to market with established community identity. This for-sale bar and restaurant is built around a lakefront guest experience and includes a steel seawall, boat dockage for customers, and a large yard designed for warm-weather use. An enclosed tiki bar sits by the water, supporting year-round on-site social space and events.

    The property is located at 7707 Dyke Road in Fair Haven, Michigan, on the St. Clair County lakefront. The site offers 184 feet of lake frontage and includes additional outdoor space that supports a bar-and-restaurant operation oriented to both land and water arrivals. The buyer also receives first right of refusal on an adjacent canal lot just north of the property, which provides an additional 49 feet of water frontage.

    For operators or buyers seeking a turnkey hospitality asset, the combination of dockage, substantial shoreline, and dedicated outdoor entertaining space provides a practical foundation for a bar and restaurant concept. The enclosed tiki bar and customer-accessible waterfront improvements support a guest-facing layout intended for repeat visitation through seasonal programming and classic menu-driven draw.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Restaurant Real Estate Agency Building Supply Auto Repair Shop Auto Parts Store Hotel & Motel Storage Facility Bar & Pub Garden Center Electronics & Wireless Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • The Raft — Ira, 7707 Dyke Rd, Ira Township, MI 48023
    • On the ROCKS. Smoke House & Tiki Bar — 7479 Dyke Rd, Clay Township, MI 48001
    • On the ROCKS Tiki Bar and Grille — Dyke Rd, Algonac, MI 48001
    • Off The Hook Sports Grill — 8094 Dixie Hwy, Ira Township, MI 48023

    Location Insight

    • Map
    • Local Demand
    City
    Fair Haven
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.622999
    Latitude
    42.670629

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    • $500,000
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      Fair Haven Commercial Property on M-29

      1.4 acres with updated buildings, parking, and flexible zoning.
      8622 Dixie Hwy, IraTownship_StClair, MI 48023
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    FAQs

    What type of property is this?
    Bar & Pub - Own a longtime lakefront bar/restaurant with substantial frontage, customer dockage, and an enclosed tiki bar for outdoor dining.
    Where is this bar & pub located?
    The property is located at 7707 Dyke Road Fair Haven, MI.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: 184' of lake frontage with a steel seawall at a lakefront bar/restaurant; Boat dockage for customers plus public water service; Large yard with an enclosed tiki bar by the water and patio
    (586) 996-4059
    We can help!
    Listing Contact
    Maria McGuire
    Maria McGuire
    Real Estate License ID: 6504242665
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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