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Property profile & analytics
OFF-MARKET
Specialty properties

2001 Water St Port Huron, MI 48060-2540

4,920 SF 1.09 ac lot Built 1920
Individually Owned 9-yr Hold Free & Clear
Property ID
US43-4516335
Property summary
AI-generated overview

This exceptional turnkey business opportunity in Port Huron, Michigan, includes a 4,920 square foot warehouse on a 0.56-acre lot at 2001 Water Street, zip code 48060. Built in 1920, the property boasts a 1,000 square foot showroom with a bathroom, and a 3,100 square foot garage/shop featuring a cement floor. A full basement and a one-bedroom apartment (currently unrented, offering potential rental income) are also included. The business, all equipment (including a 2012 F450 Dually truck and a 1999 Holestar 4200 hydraulic trailer), and over 50 boat stands and blocks are part of the sale. The property's prime location between Bridge Harbor Marina and two boat launches contributes to its strong financial performance. Averaging $300,000 in annual income over the past three years ($60,000 from winter storage and $240,000 from service calls and maintenance), this presents a lucrative investment. The asking price is $825,000, with the seller open to a land contract with a $250,000 down payment at 5% interest, with terms negotiable. This is a rare opportunity to acquire a thriving, established business with significant income potential and valuable assets.

Property profile
Verified
Property type Specialty properties
Use group PROFESSIONAL CLUBS/ASSOCIATIONS
Year built 1920
Total area 4,920 SF
Lot 1.09 ac (47,655 SF)
Zoning code B-3
APN 74-28-762-0007-000
UPID US43-4516335
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
  • Certified Marine Service (Bike/Boat/Book/etc) Store
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
Peter Hodgins · 9 yrs held
Peter Hodgins
since 2017
1 recorded transaction
2017
$54,000
Zoning & alternative use
B-3 · Port Huron, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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