Fort Gratiot Storefront
3040 Krafft Rd, Fort Gratiot, MI 48059
For Sale
$1,425,000
Established retail setting near major national retailers and Birchwood Mall in Michigan’s Blue Water region.
Property Size3,157 SF
Days on Market48
Property Features for 3040 Krafft Rd
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Year Renovated
Listing Agency:
Encore Real Estate Investment Services
Listed By:
Brent Hanna · License #6501393688
(248) 702-0293
Source:
Commercialcafe
Added: Sep 21
Changed: Nov 3
Last Checked: Nov 6 at 5:16AM
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 Encore Real Estate Investment Services
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Investment Insights
Based on property information with market context.
This storefront property at 3040 Krafft Rd in Fort Gratiot, Michigan, was built in 2000. The asset is positioned within a retail-oriented community that serves residents across the Blue Water region and northern St. Clair County.
Fort Gratiot’s commercial base includes Walmart, Meijer, Target, Home Depot, Lowe’s, Kohl’s, Best Buy, ALDI and Kroger, along with Birchwood Mall. The township is immediately north of Port Huron and benefits from access to the Blue Water Bridge, connecting the area with Ontario, Canada. A five-mile trade area includes approximately 38,600 residents, 15,900 households, $466 million in annual consumer spending and more than 17,500 daytime employees.
Fort Gratiot’s commercial base includes Walmart, Meijer, Target, Home Depot, Lowe’s, Kohl’s, Best Buy, ALDI and Kroger, along with Birchwood Mall. The township is immediately north of Port Huron and benefits from access to the Blue Water Bridge, connecting the area with Ontario, Canada. A five-mile trade area includes approximately 38,600 residents, 15,900 households, $466 million in annual consumer spending and more than 17,500 daytime employees.
Key Highlights
- Storefront property at 3040 Krafft Rd, Fort Gratiot, MI 48059
- Constructed in 2000
- Located near Birchwood Mall and major national retailers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,810
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,200
$816.2K
Cap Rate 7%
$583,000
$583.0K
Cap Rate 9%
$453,444
$453.4K
Market Conditions
NOI Build-Up for 3,157 SF
Gross rent
$59.9K $18.96/SF
− Vacancy
−$1.6K −$0.49/SF
EGI
$58.3K $18.47/SF
− OpEx
−$17.5K −$5.54/SF
NOI
$40.8K $12.93/SF
Area
St. Clair County, MI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,200
Cap Rate 7%
$583,000
Cap Rate 9%
$453,444
Alternative Uses
Best Use
Retail
$583.0K
$510.1K – $680.2K
NOI $40,810 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.37M
$2.08M – $2.77M
NOI $166,133 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
374k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Shops & Services 18%
Home Improvements & Furnishings 16%
Groceries 14%
T.J. Maxx
Apparel
44,092 visits/mo
0.1 miles
Kroger
Groceries
35,569 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
26,196 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
23,932 visits/mo
0.4 miles
Texas Roadhouse
Dining
23,764 visits/mo
0.4 miles
Demographics for 48059, MI
15,319
Population
7,324
Households
2.1
Avg Household Size
47
Median Age
30%
College-Educated
94%
High-School Grad
31.7 sq mi
ZIP Area
483
Density / Sq Mi
$78,841
Median Household Income
$44,716
Median Earnings
$956
Median Rent
$199,200
Median Home Value
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Market
Average Price Trend$/SF for Storefront properties in St. Clair County, MI
Properties on Market for Storefront properties in St. Clair County
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Kroger Floral — 3946 24th Ave, Port Huron, MI 48060
Frequently Asked Questions
What type of property is this?
Storefront property - Established retail setting near major national retailers and Birchwood Mall in Michigan’s Blue Water region.
Where is this storefront property located?
The property is located at 3040 Krafft Rd Fort Gratiot, MI.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: Storefront property at 3040 Krafft Rd, Fort Gratiot, MI 48059; Constructed in 2000; Located near Birchwood Mall and major national retailers
