Office Building with Marquee
For Sale
$183,998
3103 Lapeer Road, Port Huron, MI 48060
COM/IND/BUS OPP, Port Huron, MI
Property Size2,704 SF
Lot Size0.19 Acres
Price / SF$68.05
Days on Market374
Property Features for 3103 Lapeer Road
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Port Huron Twp (74044)
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 · Realty Executives International
(586) 949-8300
Listed By:
Joan Schinderle-King
(586) 383-9975
Added: Oct 14, 2025
Changed: Oct 21
Last Checked: Oct 22 at 12:06AM
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.
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Investment Insights
Based on property information with market context.
This 2,704-square-foot office building occupies a 0.19-acre parcel and dates to 1948. The property has forced-air heating, public water, 14 parking spaces, and a 12' x 4' marquee sign. Its zoning designation is B3.
The building stands next to an O'Reilly Auto Parts location on Lapeer Road in Port Huron. It previously housed an insurance agency and, earlier, a restaurant.
The building stands next to an O'Reilly Auto Parts location on Lapeer Road in Port Huron. It previously housed an insurance agency and, earlier, a restaurant.
Key Highlights
- 2,704‑square‑foot office building on a 0.19‑acre parcel
- B3 zoning
- 14 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,309
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,180
$186.2K
Cap Rate 7%
$132,986
$133.0K
Cap Rate 9%
$103,433
$103.4K
Market Conditions
NOI Build-Up for 2,704 SF
Gross rent
$16.2K $6.00/SF
− Vacancy
−$3.8K −$1.41/SF
EGI
$12.4K $4.59/SF
− OpEx
−$3.1K −$1.15/SF
NOI
$9.3K $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%
$186,180
Cap Rate 7%
$132,986
Cap Rate 9%
$103,433
Alternative Uses
Best Use
Office B
$133.0K
$116.4K – $155.2K
NOI $9,309 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.03M
$1.78M – $2.37M
NOI $142,294 @ 7.0% cap · market cap 77.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
269
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - The B3-zoned property is immediately beside an O'Reilly Auto Parts location.
Where is this office building located?
The property is located at 3103 Lapeer Road Port Huron, MI.
What is the asking price?
The asking price for this property is $183,998.
What are key features of this property?
This property features: 2,704‑square‑foot office building on a 0.19‑acre parcel; B3 zoning; 14 parking spaces
