Vacant Retail Storefront
19958 Harper Ave Harper Woods, MI 48225
19958 Harper Ave, Harper Woods, MI, 48225
Contact for pricing
For Sale
Contact for pricing
Vacant storefront building with existing coolers, shelving, and interior fixtures, formerly a liquor store and requiring renovation.
Property Size2,008 SF
Price / SF$124.50
Days on Market384
Property Features for 19958 Harper Ave
General Information
- Standard status
- Active
- Size
- 2,008 SF
- Property subtype
- Business for Sale
Building Details
- Year Built
- 1986
Listing agency
Michigan Business Broker
Listed by
Nadir Jiddou · License #MI
Source
Crexi
Added: Jul 4, 2025 Updated: Jul 22 at 1:14AM Checked: Jul 22 at 1:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Michigan Business Broker
Investment Insights
Based on property information with market context.
This vacant retail storefront building was formerly operated as a liquor store and includes existing coolers, shelving, and interior fixtures. The space is currently in need of renovation, creating flexibility for redevelopment or repurposing based on the next occupant’s needs.
The property is located on Harper Ave in Harper Woods, MI 48225 within a high-traffic corridor. A Wayne County SDD License is available for sale, which a new owner can use to operate a liquor store.
The building’s current configuration supports retail reuse, with the included in-place fixtures providing a starting point for renovation and interior buildout planning.
The property is located on Harper Ave in Harper Woods, MI 48225 within a high-traffic corridor. A Wayne County SDD License is available for sale, which a new owner can use to operate a liquor store.
The building’s current configuration supports retail reuse, with the included in-place fixtures providing a starting point for renovation and interior buildout planning.
Key Highlights
- 1986‑built commercial storefront building on Harper Ave in Harper Woods
- Vacant former liquor store retail property with existing coolers, shelving, and interior fixtures
- Building requires renovation
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.9k | $14.40 |
| − Vacancy | −$1.7k | −$0.86 |
| EGI | $27.2k | $13.54 |
| − OpEx | −$8.2k | −$4.06 |
| NOI | $19.0k | $9.48 |
2,008 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$271.8K
$237.8K – $317.1K
NOI $19,026 @ 7.0% cap · market cap 7.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$371.8K
$325.3K – $433.7K
NOI $26,024 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Vacant storefront building with existing coolers, shelving, and interior fixtures, formerly a liquor store and requiring renovation.
Where is this storefront property located?
The property is located at 19958 Harper Ave Harper Woods, MI.
What is the asking price?
The asking price for this property is $249,999.
What are key features of this property?
This property features: 1986‑built commercial storefront building on Harper Ave in Harper Woods; Vacant former liquor store retail property with existing coolers, shelving, and interior fixtures; Building requires renovation
