1625 Pine Grove Ave, Port Huron, MI 48060

Building Details

Building Size 2,046 SF More

Buildings 1 More

Stories 2 More

Listing Agency: Kramer Commercial Realty

Listed By: Korissa Kramer · License #MI 6502386241 Show Phone

Source: Cpix.resimplifi

Added: Aug 4 Changed: Nov 4 Last Checked: Nov 8 at 2:17AM

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Investment Insights

Based on property information with market context.

This 2,046 SF mixed-use property combines a renovated commercial area with an updated loft apartment. The main level provides approximately 1,000 SF of commercial space with new flooring, lighting, paint, electrical, and plumbing. The upper level contains a ±900 SF apartment with two bedrooms, one full bathroom, living and dining areas, and a fully updated interior.

Commercial and residential components are separately metered, supporting distinct occupancy arrangements within the building. The property is located on Pine Grove Avenue in Port Huron and carries C1 zoning. Its configuration accommodates retail, office, or service use on the first floor, with residential space above.

Key Highlights

• Approximately 1,000 SF of renovated commercial space
• ±900 SF loft apartment with 2 bedrooms and 1 full bath
• Separate metering for commercial and residential units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,117

Cap Rate

6.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$282,340 $282.3K

Cap Rate 7%

$201,671 $201.7K

Cap Rate 9%

$156,856 $156.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,046 SF

Gross rent

$24.6K $12.00/SF

− Vacancy

−$2.0K −$0.96/SF

EGI

$22.6K $11.04/SF

− OpEx

−$8.5K −$4.14/SF

NOI

$14.1K $6.90/SF

Area

St. Clair County, MI

Vacancy

8.00%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$282,340

Cap Rate 7%

$201,671

Cap Rate 9%

$156,856

Alternative Uses

Best Use

Apartment 5plus

$1.42M

$1.24M – $1.65M (±1% cap)

NOI $99,138 @ 7.0% cap · market cap 42.19%

Second Best

Retail

$377.8K

$330.6K – $440.8K (±1% cap)

NOI $26,448 @ 7.0% cap · market cap 11.25%

Theoretical Best

Multifamily LT 5

$1.54M

$1.35M – $1.79M (±1% cap)

NOI $107,668 @ 7.0% cap · market cap 45.82%

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

Retail space

Suggested Use

Top Pick Big Box & Wholesale Store Skin Care Clinic (Bike/Boat/Book/etc) Store Plumbing Service Kitchen & Bath Showroom Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

675

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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Flexible commercial and residential configuration with separate utility metering and updated interiors.

Where is this mixed-use property located?

The property is located at 1625 Pine Grove Ave Port Huron, MI.

What is the asking price?

The asking price for this property is $235,000.

What are key features of this property?

This property features: Approximately 1,000 SF of renovated commercial space; ±900 SF loft apartment with 2 bedrooms and 1 full bath; Separate metering for commercial and residential units