Renovated Historic Retail/Salon
1522 Military Street Port Huron, MI 48060
1522 Military Street, Port Huron, MI, 48060
$275,000
For Sale
$275,000
Historic building reimagined with 2020 renovations and approximately 1,500 SF, currently operating as a salon on busy Military Street.
Property Size1,500 SF
Price / SF$183.33
Days on Market66
Property Features for 1522 Military Street
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Business Opportunity
Building Details
- Year Built
- 9999
Listing agency
Real Estate One Port Huron
(810) 650-7861
Listed by
Mark Ellis · License #6505431194
(810) 650-7861
Source
Homesforsaleinmich
Added: May 18 Updated: Jul 22 at 9:56AM Checked: Jul 22 at 9:56AM
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 Real Estate One Port Huron
Investment Insights
Based on property information with market context.
This completely reimagined historic building provides approximately 1,500 square feet of flexible commercial space. Extensively renovated in 2020, the property includes major updates to the mechanicals, systems, and interior finishes while preserving historic character. The building is currently operating as a salon, and the interior layout is positioned for a variety of retail or service uses where branding and atmosphere matter.
Located along one of Port Huron’s most recognizable commercial corridors, the property benefits from visibility and frontage along busy Military Street.
Completed renovations in 2020 help support a move-in ready environment for the next user, with a versatile interior that can accommodate multiple business concepts within the existing footprint.
Located along one of Port Huron’s most recognizable commercial corridors, the property benefits from visibility and frontage along busy Military Street.
Completed renovations in 2020 help support a move-in ready environment for the next user, with a versatile interior that can accommodate multiple business concepts within the existing footprint.
Key Highlights
- Approximately 1,500 SF flexible commercial space in a historic building, currently operating as a salon
- Major renovations completed in 2020, including updates to mechanicals, systems, and interior finishes
- Historic character preserved while modern upgrades were added during the 2020 renovation
Local Financial Insights For 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 | $28.4k | $18.96 |
| − Vacancy | −$739 | −$0.49 |
| EGI | $27.7k | $18.47 |
| − OpEx | −$8.3k | −$5.54 |
| NOI | $19.4k | $12.93 |
1,500 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$277.0K
$242.4K – $323.2K
NOI $19,390 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.13M
$986.7K – $1.32M
NOI $78,935 @ 7.0% cap · market cap 28.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Standard... No Gas
Barber Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Historic building reimagined with 2020 renovations and approximately 1,500 SF, currently operating as a salon on busy Military Street.
Where is this retail space located?
The property is located at 1522 Military Street Port Huron, MI.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Approximately 1,500 SF flexible commercial space in a historic building, currently operating as a salon; Major renovations completed in 2020, including updates to mechanicals, systems, and interior finishes; Historic character preserved while modern upgrades were added during the 2020 renovation
