For Sale
$199,000

1612 Lapeer Ave Port Huron, MI 48060

Prime Commercial Building, Updated Auto Shop, Leaseback Option

Overview

Added:
Dec 11, 2024
Days on market:
133
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.

Highlights

  • 1,355 SF commercial building in Port Huron, MI, currently operating as an auto shop.
  • Sale-leaseback option available with a two-year lease from the current tenant, Red Ridge Auto LLC.
  • Recently renovated (2023) Class C property with a new roof, siding, and gutters (2021).
  • Prime location on a major artery with ample parking (16 spaces) and easy expressway access.
  • $199,000 asking price ($146.86/SF). APN: 74060092001007.

Property Details for 1612 Lapeer Ave

Property type
Retail properties, Office properties
Square Feet
1,355 SF
Class
C
Year Built/Renovated
1955/2023
Stories
1

Location Insight

City
Port Huron
County
St. Clair
State
Michigan
Latitude
42.9771392104
Longitude
-82.443763961291

FAQs

What type of property is this?
Retail property - Prime Commercial Building, Updated Auto Shop, Leaseback Option
Where is the retail property located?
The property is located at 1612 Lapeer Ave Port Huron, MI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,355 SF commercial building in Port Huron, MI, currently operating as an auto shop.; Sale-leaseback option available with a two-year lease from the current tenant, Red Ridge Auto LLC.; Recently renovated (2023) Class C property with a new roof, siding, and gutters (2021).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1612 Lapeer Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message