Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1607 24Th St Port Huron, MI 48060

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    11,060 SF Free-Standing Building, High Visibility

    Lot size:
    11,060 SF

    Property Features for 1607 24Th St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,060 SF

    Spaces For Lease

    at 1607 24Th St, Port Huron, MI 48060 Contact us
    Unit

    $12 /Mo

    Size
    11,060 SF
    Contact us

    We can help!

    Listing Contact
    Greg Newman
    Greg Newman

    Listing Agency: Keystone Commercial Real Estate Listing Agent: Greg Newman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 11,060 square foot free-standing retail building, located at 1607 24th St, Port Huron, Michigan 48060, presents a unique investment opportunity. Constructed in 1997, the property boasts a modern design and is situated in a high-visibility B-3 zoned area, ensuring maximum exposure to potential customers. The single-tenant building offers ample space and a convenient drive-thru, making it ideal for a variety of businesses. Its previous use as a pharmacy suggests suitability for retail, medical, or service-oriented enterprises. The building's strategic location in St. Clair County, Michigan, provides easy access to major transportation routes and a thriving community. This property offers significant potential for growth and return on investment. The spacious layout allows for flexible configuration to suit diverse business needs. The building's excellent condition and prime location make it an attractive proposition for both owner-occupiers and investors seeking a strong, stable asset. This is a rare opportunity to acquire a well-maintained, free-standing building in a desirable location with high visibility and ample parking. Don't miss out on this chance to secure a valuable commercial property in a growing market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rite Aid Pharmacy Pharmacy higi Physician Rite Aid Pharmacy Western Union Bank Coinhub Bitcoin ATM ... Atm

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm Daycare Center

    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
    -82.452395597368
    Latitude
    42.966447089616

    Nearby Similar for Lease

    • $3,400 /Mo
      4,800 SF

      Prime Corner Commercial Building in Michigan

      4,800 sq ft commercial building suitable for diverse businesses.
      250 Huron Ave, Port Huron, MI 48060
      View Details
    • $3,900 /Mo
      3,750 SF

      Fort Gratiot Commercial Building

      Highly visible commercial building with flexible layout and ample parking.
      2015-1 Holland Ave, Port Huron, MI 48060
      View Details
    • $2,348 /Mo
      2,168 SF

      Downtown Port Huron Office Space

      Former bank branch in downtown Port Huron with ample parking.
      503 Andrew Murphy Dr, Port Huron, MI 48060
      View Details
    • $2,000 /Mo
      2,000 SF

      Downtown Port Huron Commercial Building

      Prime commercial space in a historic downtown location.
      235 Huron Ave, Port Huron, MI 48060
      View Details
    • $1,500 /Mo
      3,400 SF

      Updated Commercial Units in Port Huron

      Updated commercial units for lease in prime Port Huron location.
      230 Huron Ave, Port Huron, MI 48060
      View Details
    • $7,000 /Mo
      5,400 SF

      Medical Office Near Lake Huron

      Well-maintained medical office space adjacent to Lake Huron Hospital.
      2609 Electric Ave, Port Huron, MI 48060
      View Details
    • $750 /Mo
      1,500 SF

      Industrial Space Near St. Clair River

      Industrial space for lease in Port Huron near St. Clair River.
      3565 24Th St, Port Huron, MI 48060
      View Details
    • $1,950 /Mo
      3,750 SF

      Commercial Units in High Traffic Area

      Highly visible commercial units with flexible layouts and ample parking.
      2015 Holland Ave, Port Huron, MI 48060
      View Details
    • Contact for pricing
      35,190 SF

      Port Huron Retail Space Available

      Retail space for lease near I-94, I-69, and Canada.
      649-659 24Th St, Port Huron, MI 48060
      View Details
    • $12 SF/Yr
      93,500 SF

      Grocery-Anchored Shopping Center Space

      Retail space available in a grocery-anchored shopping center.
      2905 Krafft Rd, Port Huron, MI 48060
      View Details
    • $6,000 /Mo

      Industrial Space with Truck Parking

      Industrial property for rent with truck parking and docks.
      3541 32Nd St, Port Huron, MI 48060
      View Details
    • Contact for pricing

      Prime Retail Space in Port Huron

      High-visibility retail space near Birchwood Mall and Blue Water Bridge.
      655 24Th St, Port Huron, MI 48060
      View Details

    FAQs

    What type of property is this?
    Individual retail property - 11,060 SF Free-Standing Building, High Visibility
    Where is this individual retail property located?
    The property is located at 1607 24Th St Port Huron, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 11,060 SF free-standing retail building at 1607 24th St, Port Huron, MI 48060.; Built in 1997, situated in a high-visibility B-3 zoned area.; Single-tenant building with drive-thru, ideal for retail, medical, or service businesses.
    (248) 406-7113 Call to check price and availability
    Request Owner's contact information
    1607 24Th St Port Huron, MI 48060
    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.
    1607 24Th St
    Port Huron, MI 48060
    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
    1607 24Th St Port Huron, MI 48060
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Greg Newman
    Greg Newman
    Real Estate License ID: 6501288543
    (248) 406-7113 (248) 444-0600
    Learn more
    Google sign-in failed. Please try again or use another login method.