Light Industrial Multi-Building
3319 Dove Street Port Huron, MI 48060
3319 Dove Street, Port Huron, MI, 48060
$1,300,000
For Sale
$1,300,000
Four industrial buildings with 16-foot ceilings and large overhead doors on a zoned I-L site with undeveloped yard space.
Property Size14,900 SF
Price / SF$87.25
Days on Market87
Property Features for 3319 Dove Street
General Information
- Standard status
- Active
- Size
- 14,900 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2004
Listing agency
Pilot Property Group - Residential LLC
(586) 873-5419
Listed by
Anthony U Rubino · License #6502425251
(586) 873-5419
Source
Phgrealty
Added: Apr 27 Updated: Jul 22 at 6:58AM Checked: Jul 22 at 6:58AM
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 Pilot Property Group - Residential LLC
Investment Insights
Based on property information with market context.
The property includes four industrial buildings totaling approximately 14,900 square feet, comprising three buildings of approximately 3,600 square feet each and one building of approximately 4,100 square feet. Each building offers 16-foot ceiling heights, large overhead doors, heating, and ample on-site parking, supporting a range of industrial or contractor uses.
The site is zoned I-L (Light Industrial) and features approximately 0.75 acres of undeveloped land behind the buildings, which may allow for future expansion or outdoor storage. Access is described as convenient to the Blue Water Bridge international border crossing to Canada, as well as I-94 and I-69.
The property is 75% occupied, with two tenants on new three-year lease agreements. The remaining unit offers an opportunity for additional lease-up.
The site is zoned I-L (Light Industrial) and features approximately 0.75 acres of undeveloped land behind the buildings, which may allow for future expansion or outdoor storage. Access is described as convenient to the Blue Water Bridge international border crossing to Canada, as well as I-94 and I-69.
The property is 75% occupied, with two tenants on new three-year lease agreements. The remaining unit offers an opportunity for additional lease-up.
Key Highlights
- Four industrial buildings totaling approx. 14,900 SF: three at approx. 3,600 SF and one at approx. 4,100 SF
- All buildings feature 16‑foot ceiling heights and large overhead doors, plus heating and ample on‑site parking
- 75% occupied with two tenants on new three‑year lease agreements
Local Financial Insights For Warehouse
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 | $134.1k | $9.00 |
| − Vacancy | −$9.4k | −$0.63 |
| EGI | $124.7k | $8.37 |
| − OpEx | −$18.7k | −$1.26 |
| NOI | $106.0k | $7.11 |
14,900 SF · lease $9.00/SF/yr · vacancy 7.00% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$2.58M
$2.26M – $3.01M
NOI $180,501 @ 7.0% cap · market cap 13.88%
Second Best
Warehouse
$1.51M
$1.33M – $1.77M
NOI $106,006 @ 7.0% cap · market cap 8.15%
Theoretical Best
Multifamily LT 5
$11.20M
$9.80M – $13.07M
NOI $784,092 @ 7.0% cap · market cap 60.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- 1721 Indoor Storage — 1721 Dove St, Port Huron, MI 48060
- port huron boat storage — 1721 Dove St, Port Huron, MI 48060
- 32nd Street Storage — 3541 32nd St, Port Huron, MI 48060
FAQs
What type of property is this?
Warehouse - Four industrial buildings with 16-foot ceilings and large overhead doors on a zoned I-L site with undeveloped yard space.
Where is this warehouse located?
The property is located at 3319 Dove Street Port Huron, MI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four industrial buildings totaling approx. 14,900 SF: three at approx. 3,600 SF and one at approx. 4,100 SF; All buildings feature 16‑foot ceiling heights and large overhead doors, plus heating and ample on‑site parking; 75% occupied with two tenants on new three‑year lease agreements
