Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1025 St Clair Riv Dr Algonac, MI 48001

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1025 St Clair Riv Dr Algonac, MI 48001

    View on Map
    • Retail properties & Spaces
    • 12,977 SF
    • 1.48 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1025 St Clair Riv Dr

    Year built
    2006
    Lot size
    1.48 lot acres
    Property size
    12,977 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Freestanding property

    Description

    This exceptional 12,977-square-foot freestanding retail building presents a unique investment opportunity in Algonac, Michigan. Situated on a 1.475-acre lot, this single-tenant property boasts a prime location on St. Clair River Drive (M-29), the city's main thoroughfare. Built in 2006, the building offers ample parking with 64 designated spaces and a convenient double-lane drive-thru. The property is zoned CBD (Central Business District) and benefits from high visibility and accessibility. Its proximity to the Walpole-Algonac Ferry, providing easy access to Canada, and its location just 25 miles from the Blue Water Bridge, one of the busiest US-Canada crossings, significantly enhances its strategic value. The entire 12,977 square feet is currently vacant, offering flexibility for a wide range of retail uses. This property is an ideal choice for businesses seeking a high-traffic location with excellent visibility and convenient access to both domestic and international markets. The substantial lot size also allows for potential expansion or redevelopment opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Algonac
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.5317
    Latitude
    42.6181

    Comparable in this City

    • Value Estimation by Request
      12,977 SF

      1025 St Clair Riv Dr

      Individual retail properties • 12,977 SF
      1025 St Clair Riv Dr, Algonac, MI 48001
      View Details
    • Value Estimation by Request
      48,000 SF

      417 Michigan St

      Lifestyle centers • 48,000 SF
      417 Michigan St, Algonac, MI 48001
      View Details
    • Value Estimation by Request
      12,970 SF

      1025 St Clair Riv Dr

      Retail properties & Spaces • 12,970 SF
      1025 St Clair Riv Dr, Algonac, MI 48001
      View Details
    • Value Estimation by Request
      45,290 SF

      1027-1105 St Clair Riv Dr

      Retail properties & Spaces • 45,290 SF
      1027-1105 St Clair Riv Dr, Algonac, MI 48001
      View Details
    • Value Estimation by Request
      4,066 SF

      5108 Pointe Tremble Rd

      GROCERY, SUPERMARKET • 4,066 SF
      5108 Pointe Tremble Rd, Algonac, MI 48001-4363
      View Details
    • Value Estimation by Request
      3,360 SF

      2850 Pointe Tremble Rd

      FINANCIAL BUILDING • 3,360 SF
      2850 Pointe Tremble Rd, Algonac, MI 48001-4635
      View Details

    Similar Nearby for Sale

    • $795,000
      11,067 SF

      Retail Property in Clay, MI

      Retail property available for lease in Clay, Michigan.
      6509 Dyke Rd, Clay, MI 48001
      View Details
    • Contact for pricing

      Retail Property in Algonac, MI

      Retail property available for sale in Algonac, Michigan.
      1025 St Clair Riv Dr, Algonac, MI 48001
      View Details
    • Contact for pricing

      Neighborhood Shopping Center with Kroger

      Neighborhood shopping center anchored by Kroger and Dollar Tree.
      2600 Pointe Tremble Rd, Algonac, MI 48001
      View Details
    • $319,000

      M-29 Retail Property For Sale

      Retail property on M-29 with parking and updates.
      588 Pointe Tremble Rd, Algonac, MI 48001
      View Details
    • $149,900
      27.62 Acres

      Wooded Acreage Near Township Park

      27+ acre wooded land parcel ideal for residential development.
      0000 Taft Rd, Clay, MI 48001
      View Details
    • $95,999
      0.17 Acres

      Buildable Lot with Canal Access

      Vacant land in Clay, MI with water and sewer.
      7440 Dyke Rd, Clay, MI 48001
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,500 SF

      Grocery-Anchored Retail Center Space

      Retail space available in grocery-anchored center with national co-tenants.
      2600-2658 Pointe Tremble Rd, Algonac, MI 48001
      View Details
    • $2,200 /Mo

      M-29 Retail Space Available

      Retail space on state highway with ample parking.
      588 Pointe Tremble Rd, Algonac, MI 48001
      View Details
    • Contact for pricing

      Retail Space at River Walk

      Neighborhood shopping center with anchor position and former bank available.
      1027-1105 St Clair Riv Dr, Algonac, MI 48001
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Algonac, Michigan.
      1025 St Clair Riv Dr, Algonac, MI 48001
      View Details
    • $18 SF/Yr
      24,000 SF

      Algonac Retail Space Available

      Retail space available for lease in Algonac, Michigan.
      1027- Saint Clair River Dr, Algonac, MI 48001
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1025 St Clair Riv Dr
    Algonac, MI 48001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!