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    Turnkey Commercial Space in Port Sanilac Title is generated by Realmo AI

    41 N Ridge Street, Port Sanilac, MI 48469

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    For Sale
    $369,900

    COMMERCIAL - Port Sanilac, MI

    Type:Retail
    Property size:
    2,900 SF
    Lot size:
    0.46 Acres
    Price / SF:
    $127/SF
    Added:
    Mar 17, 2026
    Days on Market:
    68
    Last Refresh:
    May 23 at 6:06 pm

    Property Features for 41 N Ridge Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Bathrooms
    2
    Rooms
    Basement, Bathroom 2, Bathroom 1
    Parking
    10
    Interior features
    Broadband
    Standard status
    Active
    APN
    212-270-000-053-00
    Size
    2,900 SF
    Lot size
    0.46 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Information provided is deemed reliable but not guaranteed. Buyer and buyer's agent to verify all information, including
    Tax Annual Amount
    3500

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Water front features
    Lake
    Water front
    1

    Building Details

    Year built
    1960
    Floors in Building
    1
    Number of units
    1
    Building materials
    Wood Siding
    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 17, 2026

    MLS# 26010214

    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.

    HighLights

    • Turnkey commercial space with extensive upgrades ideal for retail, dining, or other commercial uses.
    • High visibility location in the heart of Port Sanilac with steady drive‑by and walk‑in traffic.
    • Whole‑building Generac backup generator and extensive electrical upgrades (200‑amp panel, multiple 220V lines, LED lighting).
    • Professionally installed paver patio with Techo‑Bloc herringbone brick design.
    • Comprehensive ADT‑monitored security system with motion detection and exterior cameras.
    • Ample parking and usable space with crushed limestone base for drainage and outdoor expansion.

    Overview

    Located in Port Sanilac, this commercial property presents a turnkey opportunity suitable for retail, dining, or various commercial applications. The property benefits from high visibility and consistent drive-by traffic. Exterior enhancements include a professionally installed paver patio featuring a Techo-Bloc herringbone brick design. The rear and side lots are improved with a crushed limestone base, promoting drainage and providing space for parking, storage, or expansion. A whole-building Generac backup generator ensures power reliability, supported by electrical upgrades such as a 200-amp panel, multiple 220V lines, updated LED lighting, and new emergency exit systems. Exterior electrical access is facilitated by a dedicated breaker box with multiple 110V and 220V receptacles. Security features include an ADT-monitored system with motion detection and multiple exterior cameras, along with white aluminum fencing and a custom rolling gate. Interior improvements encompass upgraded insulation, drywall, flooring, and paint. A roll-up overhead door provides access to the rear lot for loading and unloading. The structure incorporates a combination of slab, crawl space, and Michigan-style basement. City water and sewer services are in place. The location offers parking and attracts walk-in traffic. The property is situated on a 0.46-acre lot and includes 2900 square feet of space. It is located at 41 N Ridge Street, Port Sanilac, MI 48469.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $334.5K
    NOI $30,105 @ 9.00% cap · cautious / downside scenario
    Moderate
    $430.1K
    NOI $30,105 @ 7.00% cap · market / base-case scenario
    Aggressive
    $602.1K
    NOI $30,105 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $44.9k $15.48
    − Vacancy −$1.9k −$0.65
    EGI $43.0k $14.83
    − OpEx −$12.9k −$4.45
    NOI $30.1k $10.38
    2,900 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $430.1K
    $376.3K – $501.8K (±1% cap)
    NOI $30,105 @ 7.0% cap · market cap 8.14%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $615.9K
    $538.9K – $718.6K (±1% cap)
    NOI $43,113 @ 7.0% cap · market cap 11.66%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shoreline Outdoor Living ... Furniture & Home Goods

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Sanilac
    County
    Sanilac
    State
    Michigan
    Longitude
    -82.542781
    Latitude
    43.431828

    Nearby Similar for Sale

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    • $3,500,000
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      Lake Huron Marina For Sale

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    • $2,050,000
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      Port Sanilac Commercial Opportunity

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    FAQs

    What type of property is this?
    Storefront property - Extensively improved commercial property ideal for retail or dining.
    Where is this storefront property located?
    The property is located at 41 N Ridge Street Port Sanilac, MI.
    What is the asking price?
    The asking price for this property is $369,900.
    What are key features of this property?
    This property features: Turnkey commercial space with extensive upgrades ideal for retail, dining, or other commercial uses.; High visibility location in the heart of Port Sanilac with steady drive‑by and walk‑in traffic.; Whole‑building Generac backup generator and extensive electrical upgrades (200‑amp panel, multiple 220V lines, LED lighting).
    (810) 650-1232
    We can help!
    Listing Contact
    Julie Fagan
    Real Estate License ID: 6502414739
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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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