Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    835 24th St Port Huron, MI 48060

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Signalized corner location on 1.285 acres.

    Type:Retail
    Property size:
    13,565 SF
    Lot size:
    1.29 Acres
    Price / SF:
    $61/SF
    Added:
    Feb 25, 2024
    Days on Market:
    795
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 835 24th St

    General Information

    Standard status
    Active
    Size
    13,565 SF
    Lot size
    1.29 Acres
    Property subtype
    Retail

    We can help!

    Listing Contact
    Korissa Kramer, CCIM

    Listing agent Korissa Kramer, CCIM License #MI 6502386241

    Listing office Kramer Commercial Realty

    Listing date Feb 25, 2024

    Source Crexi

    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

    Overview

    Corner Retail Property For Sale

    Located on the signalized corner of 24th Street and Howard Street, this property for sale includes two parcels, 835 24th and 2433 Howard. The total lot size is approximately 1.285 acres. The parcels are identified as 28-750-0010-000 and 28-750-0011-000. The property is suitable for retail and other commercial uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Port Huron
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.453589
    Latitude
    42.974677

    Nearby Similar for Sale

    • $550,000
      12,110 SF

      Versatile Commercial Property in Port Huron

      Retail, service, and storage spaces with income potential.
      3350-3356 Lapeer, Port Huron, MI 48060
      View Details
    • $599,900
      5,400 SF

      Turn Key Bar & Grill

      Established bar and grill with entertainment space on 1.5 acres.
      521 24th Street, Port Huron, MI 48060
      View Details
    • $389,900
      1,900 SF

      Turn-Key Liquor Store Opportunity

      Remodeled liquor store in a high-traffic location.
      3407 ELECTRIC Avenue, Port Huron, MI 48060
      View Details
    • $295,000
      3,088 SF

      Port Huron Commercial Building For Sale

      Move-in ready commercial building with office spaces, cranes, and ample storage.
      425 32nd Street, Port Huron, MI 48060
      View Details
    • $625,000
      6,750 SF

      Versatile Industrial Property Near Freeway

      Multi-use property near I-94, suitable for retail and industrial businesses.
      3905 32ND Street, Port Huron, MI 48060
      View Details
    • $375,000
      5,400 SF

      Medical Office Near Lake Huron

      Well-maintained medical office in prime location next to Lake Huron.
      2609 Electric Avenue, Port Huron, MI 48060
      View Details
    • $269,999
      2,704 SF

      Versatile Commercial Building in Port Huron

      Commercial building with parking, signage, and flexible footprint.
      3103 Lapeer, Port Huron, MI 48060
      View Details
    • $1,220,000
      17,000 SF

      Versatile Industrial Property Near Freeway

      17,000 SF property with retail and industrial zoning.
      3905-3921 32nd Street, Port Huron, MI 48060
      View Details
    • $125,000
      1,540 SF

      Port Huron Multi-Unit Income Property

      Well-maintained three-unit property in Port Huron, Michigan.
      408 15th Street, Port Huron, MI 48060
      View Details
    • $80,000
      1,902 SF

      Port Huron Mixed-Use Opportunity

      Mixed-use property with commercial and residential spaces.
      1203 Varney, Port Huron, MI 48060
      View Details
    • $389,900

      Remodeled Liquor/Convenience Store Business

      Recently remodeled liquor/convenience store in a high-traffic area.
      3407 ELECTRIC Ave, Port Huron, MI 48060
      View Details
    • $59,900
      3,312 SF

      Port Huron Quadruplex For Sale

      Four-unit property in Port Huron, great for investors.
      1725 11th Street, Port Huron, MI 48060
      View Details

    FAQs

    What type of property is this?
    Retail space - Signalized corner location on 1.285 acres.
    Where is this retail space located?
    The property is located at 835 24th St Port Huron, MI.
    What is the asking price?
    The asking price for this property is $829,000.
    What are key features of this property?
    This property features: Prime location on a signalized corner of 24th and Howard.; Includes two parcels of land.; Total lot size is approximately 1.285 acres.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Korissa Kramer, CCIM
    Real Estate License ID: MI 6502386241
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!