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    OFF-MARKET
    Retail space

    223 Huron Ave, Port Huron, MI 48060-3968

    4,918 SF 0.06 ac lot
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US43-4565395
    Property summary
    AI-generated overview

    This exceptional mixed-use building, located at 223 Huron Avenue in the heart of Port Huron, Michigan, presents a unique investment opportunity. Boasting 4,275 square feet, the property offers a blend of retail, office, and residential space, all within a vibrant downtown setting. The building underwent a complete renovation in 2010, utilizing high-quality materials, and further enhancements were made in 2021 with the addition of two luxurious, two-bedroom, one-bathroom lofts on the upper level. These lofts contribute to the strong rental income potential of this property. The building's prime location on Huron Avenue provides excellent street visibility and walkability to a variety of amenities, including restaurants, entertainment venues, and McMorran Plaza. Its proximity to the Black River and numerous marinas adds to its appeal. The meticulously maintained building offers a compelling combination of established income streams and significant upside potential. The asking price is $525,000, translating to $122.81 per square foot. This represents a rare chance to acquire a well-maintained, income-producing property in a thriving downtown area. The property's zip code is 48060, and it is situated in St. Clair County. This is an ideal investment for those seeking a diversified portfolio with strong rental income and significant potential for future growth.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Total area 4,918 SF
    Lot 0.06 ac (2,614 SF)
    Zoning code CBD
    APN 74-06-298-0107-200
    UPID US43-4565395
    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
    • JM Visuals, LLC Photography 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
    Westmeath Properties 223 LLC · 5 yrs held
    Westmeath Properties 223 LLC
    since 2020
    Last sale
    $410,000
    4 recorded transactions
    2020
    $2,722
    2008
    $150,000
    1969
    1969
    Zoning & alternative use
    CBD · Port Huron, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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