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Tim Burkey

timothy.burkey@exprealty.com +1(574) 339-3045

$ 289,000

Est. payment -/mo

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256 S Water Street Marine, MI 48039

3 Baths

2,200 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 2,200 sqft

Price per Sqft $131

Municipality Marine City

MLS Listing ID 26058012

Full Baths 3

Year Built 1940

Annual Tax Amount $4,000

Tax Year 2026

Lot Size 0.285 Acres

Acres 0.28

Lot Dimensions 155 x 80

Property Sub-Type Retail

Source Michigan Regional Information Center (MichRIC)

Property Description

Rare mixed-use investment (with Vacation Rental) on Water Street in downtown Marine City with direct, unobstructed river views across from Lighthouse Park. This corner-lot building offers three income streams: a front retail storefront (tenant leased through 8/2027), a fully furnished professional office suite with reception area, private office, workstation, full kitchen, ADA restroom and rear storage, and an upper-level 3 bedroom vacation rental with strong occupancy. A large two-car detached garage adds rental income or storage. Public water and sewer, natural gas, and high-speed internet; remodeled in 2019. Walkable to shops, restaurants, parks and the riverfront in a busy tourist district. Cash, conventional, or land contract terms available. This property is tenant occupied. Do not enter. Showings will be scheduled upon receipt of offer and proof of funds. We have move-in inspections with detailed pictures and detailed information available upon request to see the condition of the property. Interior visit will be available during due diligence. Financing terms: Cash, Conventional Mortgage, or Land Contract with 10% down ($28,900), 8% interest, payments of $2,000 per month, with a balloon payment of the remaining balance due at the end of 5 or 10 years. The property also includes a large two-car detached garage. This property is tenant occupied. Do not enter. Showings will be scheduled upon receipt of offer and proof of funds. We have move-in inspections with detailed pictures and detailed information available upon request to see the condition of the property. Interior visit will be available during due diligence. Financing terms: Cash, Conventional Mortgage, or Land Contract with 10% down ($28,900), 8% interest, payments of $2,000 per month, with a balloon payment of the remaining balance due at the end of 5 or 10 years. The property also includes a large two-car detached garage.

Location

State MI

County St. Clair

Direction Corner of S Water St and Washington St in downtown Marine City, across from the St. Clair River.

Body of Water St. Clair River

Interior

Interior Features Broadband

Heating Forced Air

Cooling Central Air

Inclusions Real Estate, Furniture, Equipment

Exterior

Utilities Available Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected

Waterfront Description River

View Y/N No

Roof Type Composition

Street Surface Paved

Total Parking Spaces 2

Building

Building Description Aluminum Siding,Block, Barrier Free

Foundation Block

Structure Type Aluminum Siding,Block

New Construction No

Schools

School District East China

Others

Tax ID 02-475-0238-000

Ownership LLC

Acceptable Financing Conventional, Contract, Cash

Listing Terms Conventional, Contract, Cash

Listed by eXp Realty, LLC

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Tim Burkey

+1(574) 339-3045

timothy.burkey@exprealty.com

Tim Burkey

256 S Water Street Marine, MI 48039

Key Details

Location

Interior

Exterior

Building

Schools

Others

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256 S Water Street