7479 Dyke Rd Clay, MI 48001
- Commercial real estate
- 2.82 lot acres
Current Use by Public Records
- On the ROCKS. Smoke House & Tiki Bar / Restaurant / Bar
- Plagens Piers Marina / Marina
Property Details for 7479 Dyke Rd
- Lot size
- 2.82 lot acres
- Zone code
- C-3
- Property type
- Commercial real estate
- APN
- 74-14-496-0013-005
- APU
- 74144960013005
Description
This exceptional waterfront property in Clay, MI, presents a rare investment opportunity. The 2.48-acre site boasts 133 feet of bay frontage and over 1000 feet of canal frontage, providing unparalleled access for boaters and fishermen. The property includes a well-established marina, complete with 47 wells and all necessary equipment for year-round operation. A thriving bar/restaurant and vacation rental are also included, offering diverse revenue streams. The 4,041 square foot building complex provides ample space for operations and storage. The property's coveted location ensures high demand and consistent income throughout the year, thanks to its stunning views and direct bay access. This turnkey business offers a unique blend of commercial and recreational opportunities, making it an ideal investment for those seeking a high-return waterfront venture. The established infrastructure and existing clientele provide a solid foundation for continued success and growth. This is a truly exceptional opportunity to acquire a profitable and established waterfront business in a highly desirable location. The property's diverse revenue streams and prime location make it a compelling investment prospect with significant potential for future expansion and profitability. The existing infrastructure and equipment are in place, allowing for immediate operation and revenue generation.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,025,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $660,000
- 6.5%
- $720,000
- 7%
- $680,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $755,000
- Geo Method
- $675,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $690,000
- Retail
- $605,000
- Mixed-Use
- $665,000
- Hospitality
- $630,000
- Educational
- $715,000
- Residential Income
- $675,000
- Energy
- $720,000
- Income-Based Land
- $730,000
- Food Service
- $830,000
Location Insight
- Map
- Local Demand
- City
- Clay
- County
- St. Clair
- State
- Michigan
- Longitude
- -82.6215
- Latitude
- 42.6648
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA