Updated Retail
22332 Harper Ave, St Clair Shores, MI 48080
For Sale
Contact for pricing
B-1-zoned commercial unit with showroom, utility storage, and restroom.
Property Size1,248 SF
Price / SF$160.18
Days on Market105
Property Features for 22332 Harper Ave
General Information
Standard status
Size
Class
Property subtype
Zoning
Lease Type
Investment Type
Site & Location
Highway Access
Road Access
Amenities
showroom
storage/utility area
restroom
Building Details
Year Built
Year Renovated
Units
Tenancy
Listing Agency:
Pilot Property Group
Listed By:
James Diehl · License MI #6501368863
(586) 337-5241
Source:
Crexi
Added: Jul 29
Changed: Oct 31
Last Checked: Nov 8 at 8:30AM
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 space in Saint Clair Shores features an open interior layout with an updated finish. The unit includes a showroom, storage and utility area, and restroom, providing a straightforward configuration for retail operations. Built in 1955, the property carries B-1 zoning.
The property is situated on Harper Avenue between 8 Mile Road and 9 Mile Road, near Grosse Pointe communities. Access to 8 Mile Road, I-94, and I-696 connects the site with surrounding east-side communities and regional routes.
The property is situated on Harper Avenue between 8 Mile Road and 9 Mile Road, near Grosse Pointe communities. Access to 8 Mile Road, I-94, and I-696 connects the site with surrounding east-side communities and regional routes.
Key Highlights
- 1,248 SF retail unit with an open floor plan
- Updated interior with dedicated showroom area
- Includes storage/utility area and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,225
Cap Rate
4.61%
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 4.61%
Second Best
Office B
$61.4K
$53.7K – $71.6K
NOI $4,296 @ 7.0% cap · market cap 2.15%
Theoretical Best
Specialty Retail
$233.6K
$204.4K – $272.6K
NOI $16,355 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,053
Businesses Nearby
Explore this area
Business Placement
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
$188,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Macomb County, MI
Properties on Market for Retail space in Macomb County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - B-1-zoned commercial unit with showroom, utility storage, and restroom.
Where is this retail space located?
The property is located at 22332 Harper Ave St Clair Shores, MI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,248 SF retail unit with an open floor plan; Updated interior with dedicated showroom area; Includes storage/utility area and restroom
