Two-Story Office
112 Grand River Ave Port Huron, MI 48060
112 Grand River Ave, Port Huron, MI, 48060
$1,700,000
For Sale
$1,700,000
Two-story office building offers 42,840 SF zoned CBD, with ample parking in downtown Port Huron.
Property Size42,840 SF
Price / SF$39.68
Days on Market2295
Property Features for 112 Grand River Ave
General Information
- Standard status
- Active
- Size
- 42,840 SF
- Property subtype
- Office
Building Details
- Year Built
- 1959
Listing agency
Kramer Commercial Realty
(810) 531-4090
Listed by
Korissa Kramer · License #6502386241
(810) 531-4090
Source
Cpix.resimplifi
Added: Apr 10, 2020 Updated: Jul 20 at 6:33PM Checked: Jul 22 at 2:16AM
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
Investment Insights
Based on property information with market context.
This attractive two-story office building provides a total of 42,840 SF for lease. The property is zoned CBD and is described as well suited for a range of office-oriented uses, including call center, engineering, and general office.
Located in the heart of downtown Port Huron, the building offers ample parking for occupants and visitors. It is adjacent to the St. Clair River, with some water views.
The available configuration and zoning make the property suitable for businesses seeking a downtown office presence within a CBD-designated building footprint.
Located in the heart of downtown Port Huron, the building offers ample parking for occupants and visitors. It is adjacent to the St. Clair River, with some water views.
The available configuration and zoning make the property suitable for businesses seeking a downtown office presence within a CBD-designated building footprint.
Key Highlights
- Two‑story office building with 42,840 SF available for lease
- Zoned CBD, suitable for uses such as call center, engineering, and general office
- Located in the heart of downtown Port Huron
Local Financial Insights For Office B
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 | $257.0k | $6.00 |
| − Vacancy | −$60.4k | −$1.41 |
| EGI | $196.6k | $4.59 |
| − OpEx | −$49.2k | −$1.15 |
| NOI | $147.5k | $3.44 |
42,840 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.11M
$1.84M – $2.46M
NOI $147,477 @ 7.0% cap · market cap 8.68%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$32.21M
$28.18M – $37.57M
NOI $2,254,397 @ 7.0% cap · market cap 132.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Two-story office building offers 42,840 SF zoned CBD, with ample parking in downtown Port Huron.
Where is this office building located?
The property is located at 112 Grand River Ave Port Huron, MI.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Two‑story office building with 42,840 SF available for lease; Zoned CBD, suitable for uses such as call center, engineering, and general office; Located in the heart of downtown Port Huron
