Property profile

550 Broadway St Marine City, MI 48039

OFF-MARKET
Retail space
Property ID
US43-4585205
3,676 SF 0.12 ac lot Built 1947
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property at 550 Broadway Street in Marine City, Michigan, presents a unique investment opportunity. The 4,000 square foot building, currently housing a successful antique store, boasts a strong annual revenue exceeding $145,000 with 33 established vendors. Recent updates include a new roof, forced air furnace, and electrical system. The property's prime location on Broadway Street, overlooking the Belle River, places it in the heart of a vibrant waterfront community with thriving tourism. Marine City offers numerous amenities, including shops, a marina, museums, theaters, restaurants, and parks, creating a high-demand environment for businesses. The building also features a 2,500 square foot second floor, ideal for additional revenue generation or live/work space. The asking price for the building is $225,000. The existing antique business is available for an additional $50,000. This presents a rare chance to acquire a profitable, established business or to create a new venture in a rapidly growing community. The property benefits from dedicated parking, a significant advantage in this desirable location. The building's strategic position within Marine City, a town experiencing significant growth and attracting investors, makes this a compelling investment opportunity with substantial potential for future returns. The seller is motivated and open to discussing details upon request.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1947
Total area 3,676 SF
Lot 0.12 ac (5,271 SF)
APN 74-02-475-0393-000
UPID US43-4585205

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

550 Broadway St Marine City, MI 48039-1605
Marine City metro Census 644000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$130k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$130k

Owner & transaction history

since 2024
Last sale
$128,000
3 recorded transactions
2024
Price N/A
2024
$128,000
2020
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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