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    2494 S Lakeshore Road Port Sanilac, MI 48469

    View on Map
    For Sale
    $199,900

    COMMERCIAL - Port Sanilac, MI

    Type:Retail
    Property size:
    3,000 SF
    Lot size:
    1.56 Acres
    Added:
    Mar 20, 2026
    Days on Market:
    13
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 2494 S Lakeshore Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Parking
    10
    Interior features
    Broadband
    Standard status
    Active
    APN
    210-026-300-140-00
    Size
    3,000 SF
    Lot size
    1.56 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    SA-26 305A T11N R16E SEC 26 COMM AT INTER OF S LINEOF SEC. WITH CEN. OF HWY U.S. 25, RUNN W300 FT ALONG S LINE OF SEC.,
    TaxAnnualAmount
    1139

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Cooling system
    Wall Unit(s)
    Water source
    Well
    Water front features
    Lake
    Water front
    1

    Building Details

    Year built
    1970
    Floors in Building
    2
    Number of units
    1
    Roof type
    Composition

    We can help!

    Listing Contact
    Julie Fagan

    Listing agent Julie Fagan License #6502414739

    Listing office eXp Realty, LLC 39555 Orchard Hill Place #600, Novi, MI

    Listing date Mar 20, 2026

    MLS# 26011041

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Property on Lakeshore Road

    This commercial property is located on Lakeshore Road (M-25) in Applegate, situated on approximately 1.56 acres. The property benefits from excellent visibility, steady traffic flow, and convenient access along the Lake Huron corridor. The property was formerly operated as a neighborhood market. The site is well-suited for a variety of uses including retail and food service. The spacious lot provides ample room for parking, outdoor use, or future expansion. Located between Lexington and Port Sanilac, this property benefits from both local and seasonal traffic, making it an ideal investment or owner-user opportunity. The property includes a store front and upper apartment. The building size is approximately 3000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Port Sanilac
    County
    Sanilac
    State
    Michigan
    Longitude
    -82.563779
    Latitude
    43.483518

    Nearby Similar for Sale

    • $389,900
      2,900 SF

      Prime Commercial Space, Port Sanilac

      Turnkey commercial property with extensive upgrades and high visibility.
      41 N Ridge Street, Port Sanilac, MI 48469
      View Details
    • $3,500,000
      29,300 SF

      Lake Huron Marina For Sale

      Full-service Great Lakes marina with storage and service facilities.
      7365 Cedar Street, Port Sanilac, MI 48469
      View Details
    • $2,050,000
      42,760 SF

      Port Sanilac Commercial Opportunity

      Family-run business with expansion potential near Lake Huron.
      205 N Ridge St, Port Sanilac, MI 48469
      View Details

    FAQs

    What type of property is this?
    Storefront property - Prime commercial opportunity with high visibility and traffic flow.
    Where is this storefront property located?
    The property is located at 2494 S Lakeshore Road Port Sanilac, MI.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: Prime commercial location on highly traveled Lakeshore Rd (M‑25) with excellent visibility.; Approximately 1.03‑acre lot offering ample space for parking, outdoor use, or future expansion.; Suitable for various uses including retail, food service, or redevelopment.
    (810) 650-1232
    We can help!
    Listing Contact
    Julie Fagan
    Real Estate License ID: 6502414739
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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