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Property profile & analytics

550 Broadway St Marine City, MI 48039

  • Retail space
  • 3,676 SF
  • 0.12 lot acres
For Sale
Last Sale
Mar 07, 2024
$128,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-4585205
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

  • Retail space

Property Details for 550 Broadway St

Year built
1947
Lot size
0.12 lot acres
Property size
3,676 SF
Property type
Retail space
APN
74-02-475-0393-000
APU
74024750393000

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Marine City
County
St. Clair
State
Michigan
Longitude
-82.4946
Latitude
42.7207
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
$3,732
$0.00
$0.00
$77,500
-
$0.00
$0.00
$155,000
More about this property
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