Open-Plan Retail
For Sale
Contact for pricing
22332 Harper Ave, Saint Clair Shores, MI 48080
B-1-zoned commercial unit with dedicated fitting rooms, storage, and a restroom.
Property Size1,248 SF
Price / SF$0.01
Days on Market167
Property Features for 22332 Harper Ave
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Retail
Zoning
B-1
Additional Details
Space Use
Showroom
Highway Access
Yes
Amenities
2 changing rooms
storage/utility area
restroom
Building Details
Building Size
1,248 SF
Year Built
1955
Buildings
1
Stories
1
Listing Agency:
Pilot Property Group
Listed By:
James Diehl · License #6501368863
(586) 337-5241
Source:
Cpix.resimplifi
Added: May 7
Changed: Oct 9
Last Checked: Oct 20 at 5:24PM
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 Pilot Property Group
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Investment Insights
Based on property information with market context.
This 1,248-square-foot retail unit offers an open interior arrangement with two changing rooms, a storage and utility area, and a restroom. The space was previously used as a boutique showroom and was built in 1955.
The property is located at 22332 Harper Ave in Saint Clair Shores, near the Grosse Pointe communities. Access is available to 8 Mile Rd, I-94, and 696, providing connections to surrounding commercial and residential areas. B-1 zoning is in place for the unit.
The property is located at 22332 Harper Ave in Saint Clair Shores, near the Grosse Pointe communities. Access is available to 8 Mile Rd, I-94, and 696, providing connections to surrounding commercial and residential areas. B-1 zoning is in place for the unit.
Key Highlights
- 1,248‑square‑foot retail unit with an open floor plan
- Two changing rooms for customer or fitting use
- Dedicated storage and utility area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,225
Suggested Prices Based on Cap Rates
Cap Rate 5%
$184,500
$184.5K
Cap Rate 7%
$131,786
$131.8K
Cap Rate 9%
$102,500
$102.5K
Market Conditions
NOI Build-Up for 1,248 SF
Gross rent
$15.0K $12.00/SF
− Vacancy
−$1.8K −$1.44/SF
EGI
$13.2K $10.56/SF
− OpEx
−$4.0K −$3.17/SF
NOI
$9.2K $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%
$184,500
Cap Rate 7%
$131,786
Cap Rate 9%
$102,500
Alternative Uses
Best Use
Retail
$131.8K
$115.3K – $153.8K
NOI $9,225 @ 7.0% cap · market cap 61,500.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$233.6K
$204.4K – $272.6K
NOI $16,355 @ 7.0% cap · market cap 109,033.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,053
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Apparel 38%
Little Caesars Pizza
Dining
7,976 visits/mo
0.5 miles
Plato's Closet
Apparel
4,883 visits/mo
0.5 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - B-1-zoned commercial unit with dedicated fitting rooms, storage, and a restroom.
Where is this retail space located?
The property is located at 22332 Harper Ave Saint Clair Shores, MI.
What are key features of this property?
This property features: 1,248‑square‑foot retail unit with an open floor plan; Two changing rooms for customer or fitting use; Dedicated storage and utility area
