1635 Pine Grove AvePort Huron, MI 48060

Property Details for 1635 Pine Grove Ave

Year built

1971

Lot size

0.12 AC

Property size (Sq ft)

1,260 SF

Zone code

C1

Property type

Grocery and convenience stores

APN

74-06-365-0487-000

APU

74063650487000

Description

This established convenience store, located at 1635 Pine Grove Ave in Port Huron, Michigan, presents a compelling owner-user investment opportunity. The 900-square-foot single-story building, constructed in 1971, sits on a 0.3-acre lot (7,405 square feet) and boasts a convenient drive-thru. The property is zoned C1 and includes 10 parking spaces. Currently operating at 100% occupancy, this single-unit retail space offers a proven track record of success. Its prime location at the intersection of Pine Grove, Whipple, and Poplar Streets ensures high visibility and accessibility. The asking price is $269,000. The property's APN is 74063650487000. This is a rare opportunity to acquire a thriving business in a desirable location. The property's long-standing success and convenient drive-thru make it an attractive investment for an owner-operator seeking a profitable venture.

• CAP approach

  CAP return

  Valuation

  6%

  $385,231

  6.5%

  $355,597

  7%

  $330,198

• Comparable approach

  Method

  Valuation

  Relative Method

  $297,008

  Geo Method

  $297,008

• Alternative Use

  Use

  Valuation

  Residential

  $299,960

  Hospitality

  $274,762

  Educational

  $228,598

  Medical

  $236,460

  Retail

  $355,597

Location Insight

City

Port Huron

County

St. Clair

State

Michigan

Latitude

42.9919

Longitude

-82.4328

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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