Exceptional waterfront investment opportunity: This 3,000 square foot boathouse, built in 1999 and renovated in 2010, sits on a 1.7-acre lot in Harrison Township, Michigan (48045). The property boasts 52 docks and a travel lift, providing ample space for boat storage and access. The main building features two luxurious two-bedroom apartments, perfect for owners or rental income. Additional space includes a dedicated office area and a restroom and shower facility for dock users. The property is zoned WF and offers convenient access to I-696 expressway. The asking price is $1,100,000, translating to $366.67 per square foot. This single-tenant property presents a unique blend of residential and commercial potential, ideal for an investor seeking a high-return waterfront asset. The property's single-story design and ample parking further enhance its appeal. The parcel number is 17-12-16-101-007. This is a rare opportunity to acquire a well-established and profitable marina business.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Industrial / Distribution
$14,953,700
Retail / Commercial
$7,798,320
Mixed-Use / Specialty
$7,873,080
Hospitality / Lodging
$5,909,770
Office
$7,933,140
Institutional / Educational
$8,221,490
Residential Income
$9,619,140
Multifamily
$10,968,100
Automotive / Energy
$7,046,990
Parking / Income-Based Land
$2,330,500
Restaurant / Food Service
$4,313,750
Healthcare / Senior Housing
$7,968,520
Location Insight
City
Harrison Township
County
Macomb
State
Michigan
Latitude
42.5988
Longitude
-82.8143
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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River Rd Harrison Township, MI 48045
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River Rd Harrison Township, MI 48045
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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