Entity Owned 
For Sale
1 / 2
$4,500,000
41680 Conger Bay Dr, Harrison Township, MI 48045
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Property summary
AI-generated overview
This exceptional commercial property, located at 41680 Conger Bay Drive in Harrison Township, Michigan, presents a unique investment opportunity. The property encompasses a substantial 31.79 acres of land, including a 6,384 square foot storefront building. The single-story structure sits on a large lot, offering significant potential for expansion or redevelopment. The asking price is $3,500,000, translating to $110,097.52 per acre. The property's strategic location, approximately 30 miles northeast of Detroit, offers convenient access to major transportation routes. Its proximity to Selfridge National Airbase (five miles east) and Metro Beach (1.5 miles north by water) adds to its appeal. A key feature is the presence of 250 boat wells equipped with seawalls and 30-amp service, suggesting potential for various marine-related businesses. Favorable boring and soil test results are available upon request, providing valuable information for potential development plans. The property's APN is 17-12-10-300-004, and the zip code is 48045. This property in Macomb County offers a compelling blend of retail space and expansive land, making it ideal for a variety of commercial ventures.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1967
Total area
6,790 SF
Lot
15.39 ac (670,388 SF)
Zoning code
MARINA
APN
17-12-10-300-002
UPID
US43-1530569
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Marina
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$698k
Blend (final)
Blend
$315k
Owner & transaction history
since 2026
1 recorded transaction
Zoning & alternative use
MARINA · Harrison Township, MI
Top alternative use upside
Restaurant
$965,000
+37.9%
Medical building
$835,000
+19.5%
Retail stores
$710,000
+1.5%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$315k
Value range
$284k – $347k
±10% around blend
Estimated value / SF
$46 / SF
Confidence
High
9 county-verified comps
Property data
75
Market benchmarks
33
Comparable evidence
90
$284k
blend $315k
$347k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,790 SF
Lot area
15.39 ac
Year built
1967
Stories
1
APN
17-12-10-300-002
Zoning
MARINA
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$560k
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
13.6 mi away · 6,371 SF
14.4 mi away · 7,785 SF
15.9 mi away · 5,400 SF
16.0 mi away · 6,880 SF
17.6 mi away · 5,816 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$315k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 293 sales
$103
-55%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $46/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+38%
vs current-use indication
Medical Building
Retail Stores
Commercial (general) · current use
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
Not available
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$315k
Move the market yield to see immediate price impact.
Value / SF
$46
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$20k
$397k
$284k
$221k
$22k
$441k
$315k
$245k
$24k
$485k
$346k
$270k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$221k
1.1 mi · Nov 2025 · $33/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1967
Heating
FORCED AIR
Stories
1
Total area
6,790 SF
Lot
15.39 ac (670,388 SF)
Zoning code
MARINA
APN
17-12-10-300-002
UPID
US43-1530569
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
MARINA · Harrison Township, MIZoning MARINA · permitted uses
MARINA · Harrison Township, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Heating
FORCED AIR
Stories
1
Lot
15.39 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MARINA
Jurisdiction
Harrison Township, MI
Recorded code
MARINA
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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