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$1,252,000 / 19000ft2 - Resort in downtown redevelopment opportunity (Port Austin)
8175 Port st, Port Austin, MI 48467
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The Opportunity:
Own a pivotal 19,000+ sq. ft. commercial portfolio situated in the heart of a massive, multi-phase redevelopment of the former Port Austin Air Force Base. This is not just real estate; it is a strategic "ground floor" position adjacent to the upcoming ….
Luxury Hotel Resort, New Downtown Retail District, and Entertainment Hub.
Strategic Advantage:
• Grant & Funding Ready:Located within a development zone eligible for significant local, state, and federal grants.
• Synergy with Growth: As the base transforms into a premier Michigan destination (Condos, Retail, and Resort), these buildings are perfectly positioned for "Last Mile" logistics, boutique retail, or conversion into high-density residential/hospitality support.
• The "Anchor" Position: 4 buildings + expansion lot located just 1.3 miles from Lake Huron.
Updated Property Details (The Value-Add Perspective)
• 8175 Port Drive (The Logistics Hub): 7,081 sq ft. High-value distribution point for the upcoming retail district.
• 401 Starboard (The Flex Space): 8,500 sq ft. Ideal for the "back of house" operations for the resort or light manufacturing.
• 390 & 393 Starboard (The Boutique/Residential Conversion): High-ceiling buildings perfect for "New Downtown" lofts, Airbnb suites, or upscale gallery/office space.
• Development Lot: 16,000 sq ft. The "missing piece" for essential parking or a new-build retail storefront to match the new district aesthetic.
Portfolio Price: $1,252,000
The Play: Buy the footprint of the past to profit from the luxury destination of the future.
"The property sits within a jurisdiction historically favored for Brownfield Redevelopment and Michigan Economic Development Corporation (MEDC)incentives. Ideal for a 1031 Exchange or a developer looking to leverage local revitalization grants."