Property profile

256 S Water St Marine City, MI 48039

FOR SALE
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Property ID
US43-4566931
3,349 SF 0.22 ac
Last sale Aug 2024·$225,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

This 1940-era mixed-use property includes office space, a ground-floor retail tenancy, a vacation rental unit, and a detached two-car garage that is leased to an outside party. The office area features a reception desk, private office, dedicated workstation, full kitchen, and a rear storage area. The building is heated by forced-air systems and includes central air conditioning. The property sits on a 0.28-acre lot across from Lighthouse Park with direct views toward the river, and it provides…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value · 2024$125k
Effective rate5.31%

Value estimate

· Nov 2026
$225k
$203k – $248k
AI approach$225k
NOI build-up
Gross scheduled income$26k
Vacancy & credit loss−$2k
Operating expenses−$9k
NOI · 5.25% cap applied$15k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$91/SF
County average, outlier-cleaned · 67 recorded sales of this use type
Observed band · Q1–Q3$47 – $140
Qualifying comparables10

Cap rate analysis

How does the asset earn?
5.25%
$15k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSAINT CLAIR

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service10.0
Kitchen & Bath9.3
Plumbing Service9.1

Location

256 S Water St Marine City, MI 48039
County assessor Recorded deeds · 3 transfers 10 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
335 Water, Marine City, MI 48039-1694 $327,000 Oct 2025 No data
519 Ww, Marine City, MI 48039-1578 $155,000 Dec 2024 No data
558 Broadway, Marine City, MI 48039-1605 $100,000 Mar 2024 2,796 SF
136 Water, Marine City, MI 48039-1836 $270,000 Nov 2023 368 SF
227 Ww, Marine City, MI 48039-1575 $67,193 Nov 2023 2,517 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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