1607 24Th StPort Huron, MI 48060

Property Details for 1607 24Th St

Year built

1997

Lot size

1.41 AC

Property size (Sq ft)

11,060 SF

Zone code

B-3

Property type

Drug stores

APN

74-28-253-0005-000

APU

74282530005000

Description

This exceptional 11,060 square foot free-standing retail building, located at 1607 24th St, Port Huron, Michigan 48060, presents a unique investment opportunity. Constructed in 1997, the property boasts a modern design and is situated in a high-visibility B-3 zoned area, ensuring maximum exposure to potential customers. The single-tenant building offers ample space and a convenient drive-thru, making it ideal for a variety of businesses. Its previous use as a pharmacy suggests suitability for retail, medical, or service-oriented enterprises. The building's strategic location in St. Clair County, Michigan, provides easy access to major transportation routes and a thriving community. This property offers significant potential for growth and return on investment. The spacious layout allows for flexible configuration to suit diverse business needs. The building's excellent condition and prime location make it an attractive proposition for both owner-occupiers and investors seeking a strong, stable asset. This is a rare opportunity to acquire a well-maintained, free-standing building in a desirable location with high visibility and ample parking. Don't miss out on this chance to secure a valuable commercial property in a growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,381,468

  6.5%

  $3,121,355

  7%

  $2,898,401

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,607,072

  Geo Method

  $2,607,072

• Alternative Use

  Use

  Valuation

  Residential

  $2,632,980

  Hospitality

  $2,411,796

  Educational

  $2,006,586

  Medical

  $2,075,595

  Retail

  $3,121,355

Location Insight

City

Port Huron

County

St. Clair

State

Michigan

Latitude

42.9662

Longitude

-82.4529

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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