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Property profile & analytics
OFF-MARKET
Retail space

1612 Lapeer Ave Port Huron, MI 48060-4150

1,355 SF 0.46 ac lot Built 1955
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US43-4563480
Property summary
AI-generated overview

This exceptional 1,355 square foot commercial building, located at 1612 Lapeer Avenue in Port Huron, Michigan, presents a unique investment opportunity. Currently operating as an auto shop, this Class C property offers a sale-leaseback option, providing a seamless transition for the new owner. The building, constructed in 1955 and extensively renovated in 2023, boasts a prime location on a major artery into Port Huron, with easy access to expressways. Recent upgrades include a new roof, siding, and gutters (2021), expanded parking for 16 vehicles, new vinyl flooring and soffit ceilings in the main office and bathroom, and a redesigned layout featuring two larger rooms. Further enhancements include a new garage door, a six-camera security system, and fully insulated walls in the main office. The property is zoned for commercial use and sits on a 1-story building. The asking price is $199,000, resulting in a price per square foot of $146.86. The seller, Red Ridge Auto LLC, is offering a two-year leaseback to the new owner, minimizing disruption and maximizing potential returns. The property's APN is 74060092001007. This is an ideal opportunity for an investor seeking a turnkey operation with significant upside potential.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1955
Total area 1,355 SF
Lot 0.46 ac (20,212 SF)
Zoning code C1
APN 74-06-009-2001-007
UPID US43-4563480
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
  • Red Ridge Auto Car Dealership
  • Thumb Fire Extinguisher Service Inc Production Facility Security Service
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Red Ridge Auto LLC · 3 yrs held
Red Ridge Auto LLC
since 2023
Last sale
$110,000
2 recorded transactions
2023
$110,000
1969
Price N/A
Zoning & alternative use
C1 · Port Huron, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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