Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5843 San Juan Fort Gratiot, MI 48059

    View on Map
    Claim this Listing
    For Sale
    $55,000

    Vacant Land - Fort Gratiot, MI

    Lot size:
    0.23 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    31
    Last Refresh:
    Apr 10 at 12:06 am

    Property Features for 5843 San Juan

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    20-004-1055-101
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Annual Amount
    394

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Melody Richard

    Listing agent Melody Richard License #6501390765

    Listing office KW Platinum Port Huron 3750 Pine Grove Ave, Chesterfield, MI

    Listing date Mar 11, 2026

    MLS# 50201291 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Buildable Lot in Shoreview Subdivision

    This .23-acre vacant lot is located within the Shoreview subdivision and is zoned for residential use. It presents a rare opportunity for building in an established neighborhood. The property benefits from existing water, sewer hookup, and electric connections. Situated at the back of a cul-de-sac on a corner lot, the land offers a wooded backdrop.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Gym & Fitness Center Auto Repair Shop Skin Care Clinic Accounting Firm Kitchen & Bath Showroom Department Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Gratiot
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.4794594
    Latitude
    43.0783672

    Nearby Similar for Sale

    • $250,000

      Fort Gratiot Vacant Land Parcel

      12.39 acre residential land near Lake Huron.
      2768 Keewahdin Road, Fort Gratiot Twp, MI 48059
      View Details
    • $4,060,680
      37,478 SF

      Single Tenant Best Buy Building

      Retail building in Fort Gratiot, MI with repurposing opportunities.
      4611 24th Ave, Fort Gratiot, MI 48059
      View Details
    • $75,000

      Buildable Lot in Shoreview Subdivision

      0.52 acre residential lot with utilities in Fort Gratiot.
      3260 N shoreview, Fort Gratiot, MI 48059
      View Details
    • $325,000

      Commercial Land on Lakeshore Drive

      3.6 acres of commercial land with 250 feet frontage.
      5745 Lakeshore Dr., Fort Gratiot, MI 48059
      View Details
    • $250,000

      Fort Gratiot Vacant Land

      15.08-acre lot suited for recreation, agriculture, or private residence.
      4452 Cole, Fort Gratiot, MI 48059
      View Details
    • $550,000

      Fort Gratiot Vacant Land

      37 acres of land in Fort Gratiot, Michigan.
      5741 Lakeshore Dr., Fort Gratiot, MI 48059
      View Details
    • $49,999
      1,512 SF

      Doublewide in Indian Trails Park

      Well-maintained 3BR, 2Bath doublewide in a welcoming community.
      6026 Delaware, Fort Gratiot, MI 48059
      View Details
    • $575,050

      20+ Acres Development Opportunity

      Partially wooded 20+ acre land parcel near Lake Huron.
      00 Lakeshore, Fort Gratiot, MI 48059
      View Details
    • $224,900

      Fort Gratiot Vacant Land

      15+ acre residential land with development potential in Fort Gratiot.
      Parker, Fort Gratiot Twp, MI 48059
      View Details
    • $795,000

      Land in Port Huron Trade

      Commercial land available in the northern Port Huron trade area.
      4845 24th Ave, Fort Gratiot Twp, MI 48059
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant .23 acre lot with utilities in Fort Gratiot.
    Where is this residential land & home lot located?
    The property is located at 5843 San Juan Fort Gratiot, MI.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: Buildable lot in Shoreview subdivision; Water, sewer hookup, and electric already on the property; .23 acre lot
    (810) 300-6363
    We can help!
    Listing Contact
    Melody Richard
    Real Estate License ID: 6501390765
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!