3407 Electric Ave, Port Huron, MI 48060
Recently remodeled liquor/convenience store in a high-traffic location.
- Added:
- Jan 23, 2025
- Days on Market:
- 529
- Last Refresh:
- Mar 16 at 1:08 pm
Property Features for 3407 Electric Ave
General Information
- Standard status
- Active
- Size
- 1,900 SF
- Property subtype
- Business for Sale, Retail
Building Details
- Year Built
- 1989
Listing office Hanging Gardens Real Estate
Listing date Jan 23, 2025
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Hanging Gardens Real Estate
HighLights
- Prime location on I/94 and I/69 business loop with high visibility and foot traffic.
- Recently remodeled liquor/convenience store.
- Business and building included in the sale.
- Turnkey business opportunity with potential for increased revenue.
- Located in a bustling area surrounded by numerous homes.
- Lottery commission of $34,000 annually.
Overview
Local Financial Insights For Specialty 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 | $36.0k | $18.96 |
| − Vacancy | −$937 | −$0.49 |
| EGI | $35.1k | $18.47 |
| − OpEx | −$8.8k | −$4.62 |
| NOI | $26.3k | $13.85 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Port Huron
- County
- St. Clair
- State
- Michigan
- Longitude
- -82.4481753
- Latitude
- 42.9442535
