Retail-Office Building with
3103 Lapeer Road Port Huron, MI 48060
3103 Lapeer Road, Port Huron, MI, 48060
$229,999
For Sale
$229,999
COMMERCIAL - Port Huron, MI
Property Size2,704 SF
Lot Size0.19 Acres
Price / SF$85.06
Days on Market279
Property Features for 3103 Lapeer Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 28-218-0016-000
- Size
- 2,704 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2993
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1948
Listing Agency
Realty Executives Home Towne Chesterfield
(586) 949-8300
49940 Gratiot, Port Huron, MI
Listed by
Joan Schinderle-King · License #6501292224
(586) 383-9975
Added: Oct 14, 2025 Checked: Jul 19 at 6:06 am
MLS# 50191423
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding commercial building at 3103 Lapeer Road offers a flexible, wide footprint and is zoned B3 for a variety of commercial uses. The exterior includes a large 12’ x 4’ marquee sign, and the property provides 14 parking spaces for customer or staff access. The building has been used locally for business operations for decades, previously serving as an insurance agency since 1974, and before that operating as a restaurant.
The property is located right next to O-Reilly Auto Parts, with the benefit of visibility and easy access from the roadway. On-site parking supports day-to-day operations and visits from clients or customers.
The layout and zoning make this an appropriate fit for office, retail, or service-based businesses looking for a versatile location on a B3 parcel with on-site parking and a prominent marquee sign. The retiring owner indicates openness to seller financing options, which may be of interest to qualified buyers or operators seeking an alternative to conventional financing.
The property is located right next to O-Reilly Auto Parts, with the benefit of visibility and easy access from the roadway. On-site parking supports day-to-day operations and visits from clients or customers.
The layout and zoning make this an appropriate fit for office, retail, or service-based businesses looking for a versatile location on a B3 parcel with on-site parking and a prominent marquee sign. The retiring owner indicates openness to seller financing options, which may be of interest to qualified buyers or operators seeking an alternative to conventional financing.
Key Highlights
- Commercial building built in 1948 with forced air heating
- Zoned B3 and designed with a wide, flexible footprint for a variety of uses
- 14 on‑site parking spaces with easy access
Local Financial Insights For Office B
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 | $16.2k | $6.00 |
| − Vacancy | −$3.8k | −$1.41 |
| EGI | $12.4k | $4.59 |
| − OpEx | −$3.1k | −$1.15 |
| NOI | $9.3k | $3.44 |
2,704 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Retail
$499.3K
$436.9K – $582.6K
NOI $34,954 @ 7.0% cap · market cap 15.20%
Second Best
Office B
$133.0K
$116.4K – $155.2K
NOI $9,309 @ 7.0% cap · market cap 4.05%
Theoretical Best
Multifamily LT 5
$2.03M
$1.78M – $2.37M
NOI $142,294 @ 7.0% cap · market cap 61.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
CSI Financial Services ...
Insurance Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Versatile B3 building beside O’Reilly Auto Parts with a large marquee and 14 parking spaces.
Where is this office units located?
The property is located at 3103 Lapeer Road Port Huron, MI.
What is the asking price?
The asking price for this property is $229,999.
What are key features of this property?
This property features: Commercial building built in 1948 with forced air heating; Zoned B3 and designed with a wide, flexible footprint for a variety of uses; 14 on‑site parking spaces with easy access
