Downtown Port Huron Mixed-Use
For Sale
$1,700,000
112 Grand River Ave, Port Huron, MI 48060
Two-story, 42,840 SF building in downtown Port Huron.
Property Size42,840 SF
Price / SF$39.68
Days on Market2383
Property Features for 112 Grand River Ave
General Information
Standard status
Active
Size
42,840 SF
Class
B
Total Parking Spaces
285
Property subtype
Office
Zoning
CBD
Building Details
Building Size
42,840 SF
Year Built
1959
Year Renovated
2005
Buildings
1
Stories
2
Listing Agency:
Kramer Commercial Realty
Listed By:
Korissa Kramer · License #6502386241
(810) 531-4090
Source:
Cpix.resimplifi
Added: Apr 10, 2020
Changed: Oct 12
Last Checked: Oct 16 at 5:55AM
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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Investment Insights
Based on property information with market context.
This attractive two-story building offers a total of 42,840 square feet. Zoned CBD, the property is suitable for various uses, including call centers, engineering firms, and general office purposes. It is situated in a prime downtown Port Huron location and provides ample parking. The building is adjacent to the St. Clair River, offering some water views.
Key Highlights
- Excellent downtown Port Huron location
- Large leasable area: 42,840 SF
- Zoned CBD, suitable for various uses (call center, engineering, general office)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,477
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,949,540
$2.9M
Cap Rate 7%
$2,106,814
$2.1M
Cap Rate 9%
$1,638,633
$1.6M
Market Conditions
NOI Build-Up for 42,840 SF
Gross rent
$257.0K $6.00/SF
− Vacancy
−$60.4K −$1.41/SF
EGI
$196.6K $4.59/SF
− OpEx
−$49.2K −$1.15/SF
NOI
$147.5K $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%
$2,949,540
Cap Rate 7%
$2,106,814
Cap Rate 9%
$1,638,633
Alternative Uses
Best Use
Mixed Use
$4.22M
$3.69M – $4.93M
NOI $295,596 @ 7.0% cap · market cap 17.39%
Second Best
Office B
$2.11M
$1.84M – $2.46M
NOI $147,477 @ 7.0% cap · market cap 8.68%
Theoretical Best
Multifamily LT 5
$32.21M
$28.18M – $37.57M
NOI $2,254,397 @ 7.0% cap · market cap 132.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,108
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
Check the figures for this property
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?
Mixed-use property - Two-story, 42,840 SF building in downtown Port Huron.
Where is this mixed-use property located?
The property is located at 112 Grand River Ave Port Huron, MI.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Excellent downtown Port Huron location; Large leasable area: 42,840 SF; Zoned CBD, suitable for various uses (call center, engineering, general office)
