Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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