Corner Storefront
3980 Pine Grove Ave, Fort Gratiot Township, MI 48059
For Sale
$449,000
C-2-zoned commercial building with flexible space for retail, office, medical, showroom, or service-oriented operations.
Property Size3,680 SF
Lot Size1.32 Acres
Price / SF$122.01
Days on Market99
Property Features for 3980 Pine Grove Ave
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Corner Location
Road Access
Additional Details
Asking Price
Building Details
Building Size
Buildings
Listing Agency:
Kramer Commercial Realty
Listed By:
Korissa Kramer · License #MI 6502386241
(810) 531-4090
Source:
Cpix.resimplifi
Added: Aug 3
Changed: Oct 31
Last Checked: Nov 8 at 2:09AM
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 Kramer Commercial Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,680 SF commercial building occupies approximately 1.32 acres and is configured for flexible business use. The property can accommodate retail, office, medical, showroom, or service-related operations, with on-site parking supporting customer and staff access. C-2 zoning provides the stated land-use designation for the site.
Positioned at the signalized intersection of Pine Grove Avenue and Krafft Road in Fort Gratiot Township, the property offers access from a prominent corner setting. The building and land are offered together for sale, providing a commercial site with an adaptable existing structure and surface parking.
Positioned at the signalized intersection of Pine Grove Avenue and Krafft Road in Fort Gratiot Township, the property offers access from a prominent corner setting. The building and land are offered together for sale, providing a commercial site with an adaptable existing structure and surface parking.
Key Highlights
- 3,680 SF commercial building
- Approximately 1.32 acres
- Signalized corner at Pine Grove Avenue and Krafft Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,561
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,220
$431.2K
Cap Rate 7%
$308,014
$308.0K
Cap Rate 9%
$239,567
$239.6K
Market Conditions
NOI Build-Up for 3,680 SF
Gross rent
$33.1K $9.00/SF
− Vacancy
−$2.3K −$0.63/SF
EGI
$30.8K $8.37/SF
− OpEx
−$9.2K −$2.51/SF
NOI
$21.6K $5.86/SF
Area
St. Clair County, MI
Vacancy
7.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,220
Cap Rate 7%
$308,014
Cap Rate 9%
$239,567
Alternative Uses
Best Use
Retail
$679.6K
$594.6K – $792.9K
NOI $47,571 @ 7.0% cap · market cap 10.59%
Second Best
Industrial
$308.0K
$269.5K – $359.4K
NOI $21,561 @ 7.0% cap · market cap 4.80%
Theoretical Best
Multifamily LT 5
$2.77M
$2.42M – $3.23M
NOI $193,655 @ 7.0% cap · market cap 43.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
254k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 27%
Groceries 21%
Apparel 21%
Home Improvements & Furnishings 14%
T.J. Maxx
Apparel
44,092 visits/mo
0.3 miles
Kroger
Groceries
35,569 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
26,196 visits/mo
0.4 miles
Aldi
Groceries
18,465 visits/mo
0.4 miles
Dollar Tree
Shops & Services
17,738 visits/mo
0.3 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
$199,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - C-2-zoned commercial building with flexible space for retail, office, medical, showroom, or service-oriented operations.
Where is this storefront property located?
The property is located at 3980 Pine Grove Ave Fort Gratiot Township, MI.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 3,680 SF commercial building; Approximately 1.32 acres; Signalized corner at Pine Grove Avenue and Krafft Road
