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    1025 St Clair Riv Dr Algonac, MI 48001

    Sponsored
    For Sale
    $2,600,000

    Prime Algonac retail space, 12,977 SF, vacant.

    Property size:
    12,977 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional retail storefront opportunity presents 12,977 square feet of vacant space situated on a 1.475-acre lot in Algonac, Michigan. The property, built in 2006, is zoned CBD (Central Business District) and boasts a highly desirable location on St. Clair River Drive (Michigan SR 29), the city's main thoroughfare. The building features a double-lane drive-thru and ample parking with 64 designated spaces. Its strategic placement offers unparalleled convenience, being just a minute's walk from the Walpole-Algonac Ferry, providing easy access across the Saint Clair River to Canada. Furthermore, its proximity to the Blue Water Bridge, a major US-Canada crossing point located only 25 miles away, presents significant potential for attracting a diverse customer base. The asking price is $2,600,000, translating to $200.35 per square foot. This fee-simple ownership presents a unique chance to acquire a substantial retail property in a vibrant location with excellent access and high visibility. The property is currently vacant, allowing for immediate occupancy and customization to suit a wide range of retail businesses.

    Property Features for 1025 St Clair Riv Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,977 SF
    Lot Size
    64,251 SF

    Building Details

    Year Built
    2006

    HighLights

    • $2,600,000 asking price for a 12,977 SF retail storefront in Algonac, MI.
    • 1.475‑acre lot with CBD zoning.
    • Features a double‑lane drive‑thru and 64 parking spaces.
    • Located on St. Clair River Drive (M‑29), Algonac's main thoroughfare.
    • One‑minute walk to the Walpole‑Algonac Ferry.
    • 25 miles from the Blue Water Bridge.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Algonac
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.531723570662
    Latitude
    42.618033713229

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    FAQs

    What type of property is this?
    Individual retail property - Prime Algonac retail space, 12,977 SF, vacant.
    Where is this individual retail property located?
    The property is located at 1025 St Clair Riv Dr Algonac, MI.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: $2,600,000 asking price for a 12,977 SF retail storefront in Algonac, MI.; 1.475-acre lot with CBD zoning.; Features a double-lane drive-thru and 64 parking spaces.
    Request Owner's contact information
    1025 St Clair Riv Dr Algonac, MI 48001
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    1025 St Clair Riv Dr Algonac, MI 48001
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