Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Saint Clair Shores Bank Building Title is generated by Realmo AI

    21800 Greater Mack Ave, Saint Clair Shores, MI 48080

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,945,600

    Single tenant bank building with drive-thru in Saint Clair Shores.

    Type:Retail
    Property size:
    6,372 SF
    Lot size:
    1.55 Acres
    Price / SF:
    $305/SF
    Added:
    Mar 6, 2026
    Days on Market:
    76
    Last Refresh:
    Apr 5 at 10:10 pm

    Property Features for 21800 Greater Mack Ave

    General Information

    Standard status
    Active
    Size
    6,372 SF
    Lot size
    1.55 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    Robert Michil
    Robert Michil

    Listing agent Robert Michil License ##6506047766

    Listing office Legacy Real Estate Advisors

    Listing date Mar 6, 2026

    Source Legacycrea

    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 Legacy Real Estate Advisors

    HighLights

    • Single tenant Citizens Bank with absolute NNN lease.
    • Strong deposit volume with steady growth. Inquire for details.
    • Located in a dense, affluent community: over 17,600 residents within 1 mile.
    • High traffic counts: over 20,900 vehicles pass daily.
    • 6,372 SF building on 1.55 acres with excellent parking. Repurpose opportunities.
    • Constructed with drive thru.

    Overview

    This single-tenant, free-standing building is occupied by Citizens Bank and is located in Saint Clair Shores, Michigan, within the Detroit MSA, which is ranked among the top 20 in the U.S.A. The property operates under an absolute NNN lease structure, assigning zero landlord responsibilities. The surrounding community is densely populated, with over 17,600 residents within a 1-mile radius and over 112,700 residents within a 3-mile radius. The area is affluent, with an average household income exceeding $88,800 within a 1-mile radius. High traffic counts are observed, with over 20,900 vehicles passing the site daily on Greater Mack Ave. The building spans 6,372 square feet and is situated on a 1.55-acre lot, providing parking and opportunities to repurpose. Constructed with a drive-thru, the location also benefits from over 5,700 daytime employees within a 1-mile radius.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Citizens Bank ATM Atm Citizens Bank

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saint Clair Shores
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9023
    Latitude
    42.4547

    Nearby Similar for Sale

    • $200,000
      1,098 SF

      Saint Clair Shores Commercial Building

      Commercial building in St. Clair Shores suitable for various businesses.
      25835-25837 Jefferson, Saint Clair Shores, MI 48081
      View Details
    • $12
      7,430 SF

      Professional Building with Suites Available

      Professional building with office and medical suites, excellent exposure.
      21603-21611 E 11 Mile Rd, Saint Clair Shores, MI 48081
      View Details
    • $16
      4,533 SF

      Professionally Managed Office Complex

      Office complex with prominent signage and on-site property management.
      Saint Clair Shores, MI 48081
      View Details
    • $16
      7,048 SF

      Professional Office Building For Sale

      Professional office building in Saint Clair Shores, suitable for various uses.
      25319 Little Mack Ave, Saint Clair Shores, MI 48081
      View Details
    • $17
      22,000 SF

      Class A Medical Building Suite

      Medical suite in Class A building, ideal for specialist.
      20225-20229 E 9 Mile , Saint Clair Shores, MI 48080
      View Details
    • $9
      6,810 SF

      St. Clair Shores Office Building

      Office building with available space for lease or sale.
      24001 Greater Mack, Saint Clair Shores, MI 48080
      View Details
    • $1,695,000
      12,996 SF

      St. Clair Shores Office Building

      Multi-tenant office building in desirable St. Clair Shores/Grosse Pointe location.
      22100 Greater Mack Ave, Saint Clair Shores, MI
      View Details
    • Contact for pricing
      8,138 SF

      Freestanding Office Building on Harper

      Highly visible office building with ample parking and recent improvements.
      22708 Harper, Saint Clair Shores, MI
      View Details
    • $8,970,000

      Retail Property For Sale

      Retail property available for purchase in Saint Clair Shores, MI.
      25015 Little Mack Ave, Saint Clair Shores, MI
      View Details
    • $2,375,000
      15,566 SF

      Saint Clair Shores Office Building

      15,566 SF office building in Saint Clair Shores.
      26200 Harper Ave, Saint Clair Shores, MI
      View Details

    FAQs

    What type of property is this?
    Bank - Single tenant bank building with drive-thru in Saint Clair Shores.
    Where is this bank located?
    The property is located at 21800 Greater Mack Ave Saint Clair Shores, MI.
    What is the asking price?
    The asking price for this property is $1,945,600.
    What are key features of this property?
    This property features: Single tenant Citizens Bank with absolute NNN lease.; Strong deposit volume with steady growth. Inquire for details.; Located in a dense, affluent community: over 17,600 residents within 1 mile.
    (248) 450-3254
    We can help!
    Listing Contact
    Robert Michil
    Robert Michil
    Real Estate License ID: #6506047766
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    21800 Greater Mack Ave, Saint Clair Shores, MI 48080
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!