Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Development with Drive-Thru Potential Title is generated by Realmo AI

    24300 Harper Ave, Saint Clair Shores, MI

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    New retail development with drive-thru opportunity in St Clair Shores.

    Type:RETAIL
    Property size:
    2,532 SF
    Lot size:
    0.97 Acres
    Added:
    Sep 1, 2025
    Days on Market:
    263
    Last Refresh:
    Apr 5 at 10:42 pm

    Property Features for 24300 Harper Ave

    General Information

    Standard status
    Active
    Size
    2,532 SF
    Lot size
    0.97 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 24300 Harper Ave Contact us

    We can help!

    Listing Contact
    Louis Ciotti
    Louis Ciotti

    Listing agent Louis Ciotti License #6505422306

    Listing office Landmark Commercial Real Estate Services

    Listing date Sep 1, 2025

    Source Moodyscre

    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 Landmark Commercial Real Estate Services

    HighLights

    • Highly visible freestanding corner location on Harper Avenue.
    • Drive‑thru opportunity available.
    • Located in a densely populated area with 260,000+ residents within a 5‑mile radius.
    • Join national retailers including Burger King, Verizon, Taco Bell, Buffalo Wild Wings, Jimmy John’s, AutoZone, Qdoba and Kroger.
    • Rare parcel size for the area – 1.28 AC.
    • Space available from 1,200 SF to 10,000 SF.

    Overview

    This new retail development offers spaces ranging from 1,200 to 10,000 square feet and includes a drive-thru opportunity. The property is a freestanding corner location with high visibility on Harper Avenue, the main thoroughfare of St Clair Shores. The parcel size is 1.28 acres, which is considered rare for the area. Ample parking is available. The location is near numerous national retailers, including Burger King, Verizon, Taco Bell, Buffalo Wild Wings, Jimmy John’s, AutoZone, and Qdoba, as well as a new Kroger Marketplace of 103,000 square feet at the southwest corner of Harper Avenue and 9 Mile Road. The area is densely populated, with over 260,000 residents within a 5-mile radius. Ground lease and build-to-suit opportunities are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

    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
    -82.9037
    Latitude
    42.4741

    Nearby Similar for Lease

    • $15 SF/Yr
      1,304 SF

      Office Suite For Lease

      Office suite with private offices, ideal for counseling-therapy use.
      St. Clair Shores, MI 48081
      View Details
    • $16 SF/Yr
      8,400 SF

      Medical Suite on Greater Mack

      2,333 SF medical suite with exam rooms and lab.
      St. Clair Shores, MI 48080
      View Details
    • $15 SF/Yr
      1,500 SF

      Office Space For Lease

      1,500 SF office space available near I-94.
      31215-31225 Jefferson Ave., Saint Clair Shores, MI 48082
      View Details
    • $20 SF/Yr
      450 SF

      St. Clair Shores Office Space

      Prestigious office spaces in St. Clair Shores, move-in ready.
      100 MAPLE PARK BOULEVARD, Saint Clair Shores, MI
      View Details
    • $12 SF/Yr
      2,200 SF

      Restaurant Space in High-Traffic Area

      Fully built-out bar and restaurant space for lease.
      24235-24311 Harper Avenue, Saint Clair Shores, MI
      View Details
    • Contact for pricing
      2,250 SF

      Medical Office Space Available

      Medical office space for lease in Saint Clair Shores.
      25515 Harper Ave, Saint Clair Shores, MI 48081
      View Details
    • Contact for pricing
      700 SF

      Office Space Available For Lease

      700 SF office space available for lease.
      25501 Harper Ave, Saint Clair Shores, MI 48081
      View Details
    • $13 SF/Yr
      5,285 SF

      Former Kroger Available For Lease

      Big box retail space with great visibility in Saint Clair Shores.
      31001 Harper Ave, Saint Clair Shores, MI
      View Details
    • Contact for pricing
      700 SF

      Freestanding Retail Building with Drive-Through

      Freestanding retail building with existing drive-through infrastructure for rent.
      25501 Harper Ave, Saint Clair Shores, MI
      View Details
    • Contact for pricing
      2,250 SF

      Medical Office Space Available

      Private medical suite in high-visibility, established St. Clair Shores location.
      25515 Harper Ave, Saint Clair Shores, MI
      View Details
    • $16 SF/Yr
      1,254 SF

      Saint Clair Shores Office Space

      Office space available for lease in Saint Clair Shores.
      23995 Greater Mack Ave, Saint Clair Shores, MI
      View Details
    • Contact for pricing
      5,820 SF

      Office Space Available For Lease

      2,200 SF raw office space available for lease.
      St. Clair Shores, MI 48082
      View Details

    FAQs

    What type of property is this?
    Retail space - New retail development with drive-thru opportunity in St Clair Shores.
    Where is this retail space located?
    The property is located at 24300 Harper Ave Saint Clair Shores, MI.
    What are key features of this property?
    This property features: Highly visible freestanding corner location on Harper Avenue.; Drive‑thru opportunity available.; Located in a densely populated area with 260,000+ residents within a 5‑mile radius.
    (248) 488-2620 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Louis Ciotti
    Louis Ciotti
    Real Estate License ID: 6505422306
    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
    24300 Harper Ave, Saint Clair Shores, MI
    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!