Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    103 Michigan St Port Huron, MI 48060-3878

    • Bars
    • 6,158 SF
    • 0.13 lot acres
    OFF-MARKET
    Last Sale
    Feb 14, 2025
    $700,000
    Value Estimations
    $700,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4567618
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Vintage Tavern / Night Club / Seafood Restaurant

    Property Details for 103 Michigan St

    Year built
    1920
    Lot size
    0.13 lot acres
    Property size
    6,158 SF
    Zone code
    CBD
    Property type
    Bars
    APN
    74-06-298-0097-200
    APU
    74062980097200

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $755,000
      COMMERCIAL (GENERAL)
      $560,000
      OFFICE BUILDING
      $500,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Port Huron
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.4234
    Latitude
    42.9763
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,953
    $0.00
    $0.00
    $313,900
    -
    $0.00
    $0.00
    $627,800

    Comparable in this City

    • Value Estimation by Request
      3,451 SF

      3301 24th St

      BAR, TAVERN • 3,451 SF
      3301 24th St, Port Huron, MI 48060-6807
      View Details
    • Value Estimation by Request
      3,213 SF

      3663 Lapeer Rd

      BAR, TAVERN • 3,213 SF
      3663 Lapeer Rd, Port Huron, MI 48060-2555
      View Details
    • Value Estimation by Request
      3,125 SF

      1925 24th St

      BAR, TAVERN • 3,125 SF
      1925 24th St, Port Huron, MI 48060-4709
      View Details
    • Value Estimation by Request
      2,200 SF

      710 Lapeer Ave

      BAR, TAVERN • 2,200 SF
      710 Lapeer Ave, Port Huron, MI 48060-4410
      View Details
    • Value Estimation by Request
      5,250 SF

      932 Military St

      NIGHTCLUB (COCKTAIL LOUNGE) • 5,250 SF
      932 Military St, Port Huron, MI 48060-5472
      View Details
    • Value Estimation by Request
      3,288 SF

      405 Quay St

      NIGHTCLUB (COCKTAIL LOUNGE) • 3,288 SF
      405 Quay St, Port Huron, MI 48060-3829
      View Details

    Similar Nearby for Sale

    • $529,900
      1.50 Acres

      Port Huron Vacant Commercial Land

      1.5 acre commercial land with high traffic and highway access.
      521 24Th St, 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 St, Port Huron, MI 48060
      View Details
    • $795,000
      10,706 SF

      Turnkey Sports Bar Opportunity

      Profitable sports bar with renovation and expansion potential.
      1934 Lapeer Ave, Port Huron, MI 48060
      View Details
    • $829,000
      13,565 SF

      Prime Port Huron QSR Opportunity

      High-traffic corner lot, 13,565 SF QSR
      835 24Th St, Port Huron, MI 48060
      View Details
    • $219,000
      900 SF

      Port Huron Drive-Thru Store

      Established drive-thru party store in a prime Port Huron location.
      1635 Pine Grove Ave, Port Huron, MI 48060
      View Details
    • $1,399,000
      70,968 SF

      Downtown Port Huron Office Building

      Six-story, 70,968 SF office building with restaurant and river views.
      511 Fort St, Port Huron, MI 48060
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,180 SF

      Prime Port Huron Retail Opportunity

      11,180 SF Former Drug Store w/ Drive-Thru
      2910 Pine Grove Ave, Port Huron, MI 48060
      View Details
    • $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
    • $10 SF/Yr
      32,000 SF

      Pine Grove Plaza Retail Space

      Port Huron retail space, multiple units available.
      2830 Pine Grove 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
    • $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
    • $14 SF/Yr
      8,000 SF

      Port Huron Retail Center

      Prime Port Huron location, 8,000 sq ft retail space.
      3944 24Th Ave, Port Huron, MI 48060
      View Details
    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.
    103 Michigan St
    Port Huron, MI 48060-3878
    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.