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Property profile & analytics
FOR SALE
Drug stores

1607 24Th St Port Huron, MI 48060

11,060 SF 1.41 ac lot Built 1997
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US43-4559320
Property summary
AI-generated 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
Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 1997
Total area 11,060 SF
Lot 1.41 ac (61,420 SF)
Zoning code B-3
APN 74-28-253-0005-000
UPID US43-4559320
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
Current use
Occupant on record · Public records
  • Rite Aid Pharmacy Pharmacy
  • higi Physician
  • Rite Aid Pharmacy
  • Western Union Bank Credit Union
  • Coinhub Bitcoin ATM Teller Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$898k
Blend (final) Blend
$485k
Owner & transaction history
Abc Rocky Mount 1 LLC · 5 yrs held
Abc Rocky Mount 1 LLC
since 2021
3 recorded transactions
2021
Price N/A
2020
Price N/A
2018
Price N/A
Zoning & alternative use
B-3 · Port Huron, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.4M +80.1%
Commercial (general) $1.0M +33.6%
Office building $900,000 +19.5%
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