Property summary
This exceptional multi-tenant retail property, located at 4235 24th Ave in Fort Gratiot Township, Michigan, offers a substantial 30,737 square feet of space on a generous 4.96-acre lot. Strategically situated across from the Birchwood Mall, this property enjoys a high-traffic location within the thriving Port Huron retail market. The site benefits from a shadow anchor position adjacent to a Home Depot, ensuring significant consumer traffic and visibility. This presents an excellent opportunity for redevelopment or outlot development, catering to a variety of retail uses. The property's size and location make it ideal for investors seeking a strong return on investment in a well-established retail corridor. The address is 4235 24th Ave, North Lakeport, MI 48059, within St. Clair County. The property's substantial size and prime location offer significant potential for future growth and profitability. This is a rare opportunity to acquire a significant retail asset in a high-demand area. The existing structure provides a solid foundation for redevelopment, while the ample land allows for the creation of additional outlots, further enhancing the property's value and income potential. The proximity to the Birchwood Mall and the shadow-anchoring effect of the Home Depot create a synergistic retail environment, attracting a large and diverse customer base.
Property profile
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Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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