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    OFF-MARKET
    Retail properties & Spaces

    4235 24Th Ave, Fort Gratiot Township, MI 48059

    30,737 SF 4.96 ac lot
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Retail properties & Spaces
    Total area 30,737 SF
    Lot 4.96 ac (216,058 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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