Medical Office with Exam
For Sale
$350,000
2609 Electric Avenue A, Port Huron, MI 48060
Configured for multi-doctor practice with dedicated administrative, reception, and patient-care areas.
Property Size5,400 SF
Price / SF$64.81
Days on Market87
Property Features for 2609 Electric Avenue A
General Information
Standard status
Active
Size
5,400 SF
Building Details
Year Built
1975
Listing Agency:
Lasco Real Estate Group
Listed By:
Jennifer Lasco · License #6502402604
(248) 840-6059
Source:
Katie-k
Added: Jul 20
Changed: Oct 7
Last Checked: Oct 7 at 2:37PM
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 Lasco Real Estate Group
Investment Insights
Based on property information with market context.
This 5,780-square-foot medical office is arranged to support a multi-doctor practice, with a generous reception and waiting area, administrative workspace, and multiple rooms for examinations and appointments. Built-in desks and filing systems add functional storage to the administrative office, while neutral interior finishes support a range of medical specialties.
The property is positioned within the parking lot of Lake Huron Hospital at 2609 Electric Avenue, A, in Port Huron, Michigan. On-site parking serves both staff and patients, and the hospital setting provides direct proximity to an established healthcare facility.
The property is positioned within the parking lot of Lake Huron Hospital at 2609 Electric Avenue, A, in Port Huron, Michigan. On-site parking serves both staff and patients, and the hospital setting provides direct proximity to an established healthcare facility.
Key Highlights
- 5,780‑square‑foot medical office
- Located in the parking lot of Lake Huron Hospital
- Multiple exam and appointment rooms for patient care
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,590
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,800
$371.8K
Cap Rate 7%
$265,571
$265.6K
Cap Rate 9%
$206,556
$206.6K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$32.4K $6.00/SF
− Vacancy
−$7.6K −$1.41/SF
EGI
$24.8K $4.59/SF
− OpEx
−$6.2K −$1.15/SF
NOI
$18.6K $3.44/SF
Area
St. Clair County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,800
Cap Rate 7%
$265,571
Cap Rate 9%
$206,556
Alternative Uses
Best Use
Healthcare Medical
$477.1K
$417.5K – $556.6K
NOI $33,398 @ 7.0% cap · market cap 9.54%
Second Best
Office B
$265.6K
$232.4K – $309.8K
NOI $18,590 @ 7.0% cap · market cap 5.31%
Theoretical Best
Multifamily LT 5
$4.06M
$3.55M – $4.74M
NOI $284,168 @ 7.0% cap · market cap 81.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for multi-doctor practice with dedicated administrative, reception, and patient-care areas.
Where is this medical office space located?
The property is located at 2609 Electric Avenue A Port Huron, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 5,780‑square‑foot medical office; Located in the parking lot of Lake Huron Hospital; Multiple exam and appointment rooms for patient care
