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501 Broadway St 1,305 SF Retail Building Marine City, MI 48039 $609,086 CAD ($466.73 CAD/SF)
Investment Highlights
- Located on M-29 with high visibility and strong traffic counts in a downtown corridor.
- Includes an additional rear lot offering flexibility for storage or external business use.
- Suitable for a variety of commercial uses including automotive sales and service operations.
- Newer flat roof with updated drains, gutters, garage doors, furnace, and hot water tank.
- Located near the St. Clair River and surrounded by local retail and dining attractions.
Executive Summary
Situated in the heart of Marine City along M-29, this versatile commercial property offers a unique opportunity to acquire a well-positioned asset in a vibrant waterfront community. Featuring a functional single-story building with recent upgrades including a newer flat roof, new furnace, hot water tank, and updated garage doors, the property is adaptable for a range of uses such as automotive services, sales, or general retail operations.
An adjoining lot, included in the sale, adds operational flexibility for vehicle display, storage, or outdoor business activities. With prominent frontage along one of the city’s main commercial corridors, the site benefits from significant daily traffic and strong local visibility. Marine City’s downtown draws consistent patronage from residents and seasonal visitors alike, fueled by its proximity to the St. Clair River, retail shops, and dining destinations.
This property’s accessible location, combined with multiple improvements and expansion potential, positions it as an appealing investment for buyers seeking steady utility and long-term value in a growing community.
An adjoining lot, included in the sale, adds operational flexibility for vehicle display, storage, or outdoor business activities. With prominent frontage along one of the city’s main commercial corridors, the site benefits from significant daily traffic and strong local visibility. Marine City’s downtown draws consistent patronage from residents and seasonal visitors alike, fueled by its proximity to the St. Clair River, retail shops, and dining destinations.
This property’s accessible location, combined with multiple improvements and expansion potential, positions it as an appealing investment for buyers seeking steady utility and long-term value in a growing community.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
1,305 SF
Building Class
C
Year Built/Renovated
1946/2016
Price
$609,086 CAD
Price Per SF
$466.73 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.28 AC
Parking
8 Spaces (6.67 Spaces per 1,000 SF Leased)
Frontage
86’ on Broadway St
Somewhat walkable
30/100
Moderately drivable
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 02-475-0361-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $67,424 CAD |
Property Taxes
Parcel Number
02-475-0361-000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$67,424 CAD
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501 Broadway St
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