937 OAK Street $990,000

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    937 OAK Street Port Huron, MI 48060

    • 2,184 sq. ft.
    • 0.16 Acres
    • Commercial
    • MLS# 60333221
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    Views: 9 Days On Site: 85

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    Property Details

    Seize this rare opportunity to own a well-established business in a prime location! This package includes a thriving party store, and multiple rental properties, making it a versatile investment. Development and Gas station plans have been approved! So much potential!! Beer & Wine & Hot Foods store: A staple in the community for decades, this liquor store has a loyal customer base and is positioned for continued success. Rental Properties: - Tri-plex: Three studio apartments that provide steady rental income. - Two Single-Family Homes: Each home adds to the overall rental revenue. - Storage Building with Studio Apartment: Additional studio apartment enhances the rental portfolio. Current rental rates are strong, with potential for increased revenue based on standard market rents in the area. Future Development Potential: An approved development plan is in place to remove the existing homes and build a gas station, offering excellent growth and diversification opportunities. Additionally, there is an option to purchase the neighboring auto shop, further expanding the business possibilities. Auto shop will be needed to build gas station. Prime Location: The property is ideally situated near great complementary businesses, fire stations, schools, and parks. This strategic location ensures a steady stream of customers and tenants, enhancing the overall appeal and potential of the investment. Donâ‚„¢t miss out on this exceptional investment opportunity combining a beer & wine & hot foods store, diverse rental properties, and significant future development potential. Contact us today to learn more and schedule a viewing.

    • General Features
      • Acreage 0.16
      • Area Municipality Port Huron (74022)
      • County St. Clair
      • Originating MLS RealComp
      • Ownership Private
      • Subdivision WHITE PLAT
      • Total SqFt Finished 2184
      • Waterfront Y/N No
      • Year Built 19
      • ZONING Multi-Family,Commercial
    • Building Features
      • Exterior Construction Block
      • Foundation Type Slab
      • Heating System Forced Air
      • FUEL TYPE Natural Gas
    • Property Features
      • Water Public Water
      • Lot Size 55.00 x 124.00
      • Roads Paved Street
      • Sewer Septic Public Sanitary

    Neighborhood

    48060 (Port Huron) Demographics

    39 Median Age
    1,640 Population Density (per sq. mile)
    28% College Educated
    $42,535 Estimated Median Income
    9,451 Estimated Total Home Owners
    7,011 Estimated Total Renters
    57% / 43% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    39,269 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $165,000 Median Sales Price
    41 Homes Sold
    39 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $990,000
        8/20/2024 6:26:00 PM New in Database Source: Multiple Listing Service New Value: $990,000

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        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.