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    Property profile & analytics

    232 Water St Marine City, MI 48039-1688

    • Turn key restaurants
    • 3,360 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-4567298
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 232 Water St

    Lot size
    0.19 lot acres
    Property size
    3,360 SF
    Property type
    Turn key restaurants
    APN
    74-02-475-0240-000
    APU
    74024750240000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marine City
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.492
    Latitude
    42.7172
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,902
    $0.00
    $0.00
    $252,800
    -
    $0.00
    $0.00
    $505,600

    Comparable in this City

    • Value Estimation by Request
      1,977 SF

      330 Water St

      RESTAURANT • 1,977 SF
      330 Water St, Marine City, MI 48039-1689
      View Details
    • Value Estimation by Request
      1,050 SF

      250 Parker St

      RESTAURANT • 1,050 SF
      250 Parker St, Marine City, MI 48039-3502
      View Details
    • Value Estimation by Request
      3,429 SF

      321 Chartier

      RESTAURANT • 3,429 SF
      321 Chartier, Marine City, MI 48039-2321
      View Details
    • Value Estimation by Request
      4,040 SF

      7200 Riv Rd

      RESTAURANT • 4,040 SF
      7200 Riv Rd, Cottrellville, MI 48039-2818
      View Details
    • Value Estimation by Request
      2,299 SF

      137 Parker St

      RESTAURANT • 2,299 SF
      137 Parker St, Marine City, MI 48039-1553
      View Details
    • Value Estimation by Request
      2,040 SF

      308 Parker St

      RESTAURANT • 2,040 SF
      308 Parker St, Marine City, MI 48039-3503
      View Details

    Similar Nearby for Sale

    • $500,000
      2,040 SF

      Established Restaurant in Marine City

      Long-standing restaurant with real estate, equipment, and business included.
      308 S Parker St, Marine City, MI 48039
      View Details
    • $500,000
      2,700 SF

      Former Restaurant Near Lake St. Clair

      Former McDonald's restaurant near Lake St. Clair and shopping center.
      6658 Riverside Rd, Marine City, MI 48039
      View Details
    • $229,900
      3,676 SF

      Spacious Commercial Building in Marine City

      Prime location in growing Marine City, close to St. Clair River.
      550 Broadway St, Marine City, MI 48039
      View Details
    • $349,900

      Marine City Retail/Shop Opportunity

      Hybrid building with retail and shop area in Marine City.
      123 N Belle River Rd, Cottrellville, MI 48039
      View Details
    • $899,000
      18,637 SF

      High-Visibility Retail Space Available

      Over 18,000 sq. ft. retail space on high-visibility corner.
      303 S Parker St, Marine City, MI 48039
      View Details
    • $375,000
      6,696 SF

      Belle River Road Flex Space

      6,696 SF Flex Space, Vacant, $375,000
      123 Belle River Ave, Marine City, MI 48039
      View Details
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    232 Water St
    Marine City, MI 48039-1688
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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
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