Retail Space with Resurfaced
New
For Sale
Contact for pricing
21509 Harper Avenue, Saint Clair Shores, MI 48080
An approximately 1,440-square-foot unit sits among established neighboring businesses.
Property Size1,440 SF
Price / SF$1.04
Days on Market2
Property Features for 21509 Harper Avenue
General Information
Standard status
Active
Size
1,440 SF
Listing Agency:
King Commercial Realty, LLC
Listed By:
Anthony R Sievert · License #6502422805
(586) 601-9830
Source:
Charterpropertiesgr
Added: Oct 19
Last Checked: Oct 19 at 2:41PM
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 King Commercial Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space contains approximately 1,440 square feet and has a resurfaced parking lot. The property is at 21509 Harper Avenue, Michigan 48080.
Neighboring businesses include Rustic Root, Kids in Motion, a daycare, Glows Hair Salon, and Pixies and Polished Suites.
Neighboring businesses include Rustic Root, Kids in Motion, a daycare, Glows Hair Salon, and Pixies and Polished Suites.
Key Highlights
- Approximately 1,440 square feet of retail space
- Parking lot has been resurfaced
- Nearby businesses include Rustic Root, Kids in Motion, a daycare, Glows Hair Salon, and Pixies and Polished Suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,644
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,880
$212.9K
Cap Rate 7%
$152,057
$152.1K
Cap Rate 9%
$118,267
$118.3K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$17.3K $12.00/SF
− Vacancy
−$2.1K −$1.44/SF
EGI
$15.2K $10.56/SF
− OpEx
−$4.6K −$3.17/SF
NOI
$10.6K $7.39/SF
Area
Macomb County, MI
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,880
Cap Rate 7%
$152,057
Cap Rate 9%
$118,267
Alternative Uses
Best Use
Retail
$152.1K
$133.1K – $177.4K
NOI $10,644 @ 7.0% cap · market cap 709.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$269.6K
$235.9K – $314.5K
NOI $18,871 @ 7.0% cap · market cap 1,258.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
87k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 52%
Dining 39%
Shops & Services 8%
Kroger
Groceries
45,452 visits/mo
0.3 miles
Wendy's
Dining
14,512 visits/mo
0.3 miles
National Coney Island
Dining
11,826 visits/mo
0.2 miles
KFC
Dining
7,553 visits/mo
0.3 miles
Mobil
Shops & Services
7,266 visits/mo
0.2 miles
Demographics for 48080, MI
22,272
Population
11,424
Households
1.9
Avg Household Size
44
Median Age
33%
College-Educated
96%
High-School Grad
4.4 sq mi
ZIP Area
5,062
Density / Sq Mi
$69,884
Median Household Income
$48,837
Median Earnings
$1,070
Median Rent
$188,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - An approximately 1,440-square-foot unit sits among established neighboring businesses.
Where is this retail space located?
The property is located at 21509 Harper Avenue Saint Clair Shores, MI.
What are key features of this property?
This property features: Approximately 1,440 square feet of retail space; Parking lot has been resurfaced; Nearby businesses include Rustic Root, Kids in Motion, a daycare, Glows Hair Salon, and Pixies and Polished Suites
