Commercial Office Building Near
For Sale
$700,000
933 Pine Grove Ave, Port Huron, MI 48060
6,865 SF commercial office building in downtown Port Huron.
Property Size6,865 SF
Price / SF$101.97
Days on Market590
Property Features for 933 Pine Grove Ave
General Information
Standard status
Active
Size
6,865 SF
Class
B
Total Parking Spaces
30
Property subtype
Office, Healthcare
Zoning
CBD
Building Details
Building Size
6,865 SF
Year Built
1980
Buildings
1
Stories
1
Listing Agency:
Kramer Commercial Realty
Listed By:
Korissa Kramer · License #6502386241
(810) 531-4090
Source:
Cpix.resimplifi
Added: Mar 19, 2025
Changed: Oct 25
Last Checked: Oct 28 at 4:58AM
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 Kramer Commercial Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,865 square foot commercial office building is located near downtown Port Huron, two blocks from McLaren Hospital. The property features solid brick construction and is fully sprinklered. An expansive full basement provides additional space and ample storage. The building includes a generator. The versatile space is suitable for a variety of commercial office ventures. The property offers great visibility, making it ideal for attracting clients or customers.
Key Highlights
- Prime location near downtown Port Huron and McLaren Hospital.
- 6,865 square foot building suitable for a variety of commercial uses.**
- Solid brick construction with timeless appeal.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,633
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,660
$472.7K
Cap Rate 7%
$337,614
$337.6K
Cap Rate 9%
$262,589
$262.6K
Market Conditions
NOI Build-Up for 6,865 SF
Gross rent
$41.2K $6.00/SF
− Vacancy
−$9.7K −$1.41/SF
EGI
$31.5K $4.59/SF
− OpEx
−$7.9K −$1.15/SF
NOI
$23.6K $3.44/SF
Area
St. Clair County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,660
Cap Rate 7%
$337,614
Cap Rate 9%
$262,589
Alternative Uses
Best Use
Office B
$337.6K
$295.4K – $393.9K
NOI $23,633 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$5.16M
$4.52M – $6.02M
NOI $361,261 @ 7.0% cap · market cap 51.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,351
Businesses Nearby
Explore this area
Business Placement
Demographics for 48060, MI
39,775
Population
18,066
Households
2.2
Avg Household Size
39
Median Age
17%
College-Educated
89%
High-School Grad
20.7 sq mi
ZIP Area
1,921
Density / Sq Mi
$51,342
Median Household Income
$32,017
Median Earnings
$1,005
Median Rent
$152,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - 6,865 SF commercial office building in downtown Port Huron.
Where is this office building located?
The property is located at 933 Pine Grove Ave Port Huron, MI.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Prime location near downtown Port Huron and McLaren Hospital.; 6,865 square foot building suitable for a variety of commercial uses.**; Solid brick construction with timeless appeal.
