1635 Pine Grove Street Port Huron, MI 48060
COMMERCIAL - Port Huron, MI
- Added:
- Sep 24, 2024
- Days on Market:
- 657
- Last Refresh:
- Jul 12 at 3:06 am
Property Features for 1635 Pine Grove Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 06-365-0487-000
- Size
- 900 SF
- Lot size
- 0.17 Acres
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1980
- Roof type
- Flat
Listing agent Anthony Rubino License #6502425251 (586) 873-5419
Listing office Pilot Property Group - Residential LLC 38600 Van Dyke Ste 325, Shelby Twp, MI (586) 254-0900
Listing date Sep 24, 2024
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Investment Insights
Based on property information with market context.
Located at 1635 Pine Grove Street in Port Huron, Michigan (St. Clair County), the asset is positioned as an established retail stop within the local market. The listing emphasizes the drive-through concept and the continued success of the party store in its current location.
For a buyer or tenant looking for an operating retail platform, the drive-through functionality is the primary functional feature, supporting sales models that benefit from quick, convenience-focused customer flow. The property’s modest scale may also appeal to buyers seeking a smaller retail building rather than a larger commercial facility. Please note that details such as specific interior layout, tenant status, and improvements beyond the drive-through configuration are not provided in the available information.
Key Highlights
- Long‑standing drive‑thru party store business
- Year built: 1980
- Heating: forced air
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.1k | $18.96 |
| − Vacancy | −$444 | −$0.49 |
| EGI | $16.6k | $18.47 |
| − OpEx | −$5.0k | −$5.54 |
| NOI | $11.6k | $12.93 |
