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Property profile & analytics
FOR SALE
Auto shops

1612 Lapeer Ave Port Huron, MI 48060

Built 1955
Entity Owned 3-yr Hold
Property ID
US43-4557869
Property summary
AI-generated overview

Welcome to a unique opportunity where innovation meets potential! This versatile Commercial Building, previously used for an Automotive sales and service hub, is now ready for it's Next Chapter. With numerous upgrades to both the Exterior and Interior (roofing, siding, gutters -2021 - Expansion of parking lot in the back of the Building to accommodate 16 cars, Vinyl Flooring and soffit ceiling installed throughout the main office and bathroom, re-designed interior to a 2 larger room layout, added a Garage Door to the back of the building, and fully insulated walls in the main office), this property is a canvas waiting for your vision! Conveniently located just minutes away from I-94, and Downtown - Port Huron!! Whether you're an entrepreneur ready to launch a New Business or an Established Company looking for an ideal location, this property is for you! Bring your Offers and let's explore how this space can work for you!!

Property profile
Verified
Property type Auto shops
Year built 1955
UPID US43-4557869
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Red Ridge Auto LLC · 3 yrs held
Red Ridge Auto LLC
since 2023
1 recorded transaction
2023
$110,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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