235 Broadway StMarine City, MI 48039

Property Details for 235 Broadway St

Lot size

0.06 AC

Property size (Sq ft)

2,363 SF

Property type

Retail space

APN

74-02-475-0302-000

APU

74024750302000

Description

This exceptional 2,363 square foot retail storefront at 235 Broadway Street in Marine City, Michigan, presents a unique investment opportunity. Located on a high-traffic street, this single-tenant property enjoys prominent visibility as the first building encountered upon entering the downtown area. The building, situated on a single story, boasts a spacious, open-concept layout ideal for a variety of businesses that thrive on foot traffic and ground-level exposure. Completely renovated in 2018, this turnkey property is ready for immediate occupancy. The property's zoning is designated as CBD (Central Business District), reflecting its prime location within the city's commercial core. The building's 2,363 square feet of vacant space offers ample room for a wide range of retail ventures. The property's APN is 02-475-0302-000. Marine City's continued growth makes this an attractive proposition for entrepreneurs seeking to capitalize on a burgeoning market. This property has a proven track record of success as a retail location, offering a strong foundation for future business endeavors. The building's modern upgrades ensure a seamless transition for any new tenant. This is an exceptional opportunity to establish a thriving business in a vibrant and growing community.

• CAP approach

  CAP return

  Valuation

  6%

  $673,160

  6.5%

  $621,379

  7%

  $576,994

• Comparable approach

  Method

  Valuation

  Relative Method

  $557,008

  Geo Method

  $557,008

• Alternative Use

  Use

  Valuation

  Residential

  $524,156

  Hospitality

  $480,124

  Educational

  $399,458

  Medical

  $413,196

  Retail

  $621,379

Location Insight

City

Marine City

County

St. Clair

State

Michigan

Latitude

42.7194

Longitude

-82.492

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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