Industrial Manufacturing Facility with
For Sale
$13,900,000
2555 20th St, Port Huron, MI 48060
144,785 SF industrial facility with cranes and ample power.
Property Size144,785 SF
Price / SF$96
Days on Market267
Property Features for 2555 20th St
General Information
Standard status
Active
Size
144,785 SF
Property subtype
Industrial
Building Details
Building Size
144,785 SF
Year Built
1980
Listing Agency:
Lee & Associates of Michigan
(248) 561-5748
Listed By:
Giancarlo Pinterpe
(248) 561-5748
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Aug 20
Last Checked: Aug 20 at 4:31AM
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 Lee & Associates of Michigan
Investment Insights
Based on property information with market context.
This 144,785 square foot industrial manufacturing facility includes 30,000 square feet of office space. The building features four 12x14 foot overhead doors and one internal dock for loading and maneuvering. It is equipped with three 20-ton bridge cranes with 5-ton auxiliary hoists, as well as fourteen 2-ton jib cranes for material handling. Bus duct power distribution is installed throughout the shop floor, providing electrical capacity. Each bay has utility access, including compressed air, water, and electrical connections. Located east of I-94, this property presents a possible sale/leaseback opportunity.
Key Highlights
- 144,785 SF Industrial Manufacturing Facility with 30,000 SF of Office Space
- Benefit from three 20‑ton bridge cranes with 5‑ton auxiliary hoists
- Bus duct power distribution throughout shop
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,030,073
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$20,601,460
$20.6M
Cap Rate 7%
$14,715,329
$14.7M
Cap Rate 9%
$11,445,256
$11.4M
Market Conditions
NOI Build-Up for 144,785 SF
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.
Gross rent
$1.30M $9.00/SF
− Vacancy
−$91.2K −$0.63/SF
EGI
$1.21M $8.37/SF
− OpEx
−$181.8K −$1.26/SF
NOI
$1.03M $7.11/SF
Area
St. Clair County, MI
Vacancy
7.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$20,601,460
Cap Rate 7%
$14,715,329
Cap Rate 9%
$11,445,256
Alternative Uses
Best Use
Warehouse
$14.72M
$12.88M – $17.17M
NOI $1,030,073 @ 7.0% cap · market cap 7.41%
Second Best
Industrial
$12.12M
$10.60M – $14.14M
NOI $848,295 @ 7.0% cap · market cap 6.10%
Theoretical Best
Multifamily LT 5
$108.84M
$95.24M – $126.99M
NOI $7,619,115 @ 7.0% cap · market cap 54.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
273
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 Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 144,785 SF industrial facility with cranes and ample power.
Where is this manufacturing property located?
The property is located at 2555 20th St Port Huron, MI.
What is the asking price?
The asking price for this property is $13,900,000.
What are key features of this property?
This property features: 144,785 SF Industrial Manufacturing Facility with 30,000 SF of Office Space; Benefit from **three 20‑ton bridge cranes with 5‑ton auxiliary hoists**; Bus duct power distribution throughout shop
