256 S Water St, Marine, MI 48039

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.