Waterfront Terminal Facility For
2380 Military St Port Huron, MI 48060
2380 Military St, Port Huron, MI, 48060
Contact for pricing
For Sale
Contact for pricing
Waterfront terminal facility with docking for various vessels.
Property Size45,000 SF
Price / SF$88.89
Days on Market1071
Property Features for 2380 Military St
General Information
- Standard status
- Active
- Size
- 45,000 SF
- Property subtype
- Industrial
Listing agency
Kramer Commercial Realty
(810) 531-4090
Listed by
Korissa Kramer, CCIM · License #MI 6502386241
Source
Crexi
Added: Aug 16, 2023 Updated: Jul 10 at 3:41PM Checked: Jul 19 at 8:38AM
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.
The terminal company underwent renovations in 2003, resulting in a new docking facility designed for cruise boats, Great Lakes ships, and foreign freighters. The dock area is equipped to accommodate various types of watercraft, featuring power pedestals of 110, 220, and 440 volts to support large ships. Stainless steel railings are installed along the pier's length and can be removed in sections to facilitate ship access at any point along the dock. The property size is 45000 square feet.
Key Highlights
- Modern docking facility built in 2003.
- Accommodates cruise boats, Great Lakes ships, and foreign freighters.
- Power pedestals available: 110, 220, and 440 volts.
Local Financial Insights For Industrial
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 | $405.0k | $9.00 |
| − Vacancy | −$28.4k | −$0.63 |
| EGI | $376.7k | $8.37 |
| − OpEx | −$113.0k | −$2.51 |
| NOI | $263.7k | $5.86 |
45,000 SF · lease $9.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Industrial
$3.77M
$3.30M – $4.39M
NOI $263,655 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$33.83M
$29.60M – $39.47M
NOI $2,368,064 @ 7.0% cap · market cap 59.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Industrial properties
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FAQs
What type of property is this?
Industrial property - Waterfront terminal facility with docking for various vessels.
Where is this industrial property located?
The property is located at 2380 Military St Port Huron, MI.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Modern docking facility built in 2003.; Accommodates cruise boats, Great Lakes ships, and foreign freighters.; Power pedestals available: 110, 220, and 440 volts.
