Medical Suite with Private
For Sale
Contact for pricing
25515 Harper Avenue, St Clair Shores, MI 48081
The suite combines private offices and treatment space with shared waiting and staff amenities.
Property Size2,250 SF
Price / SF$1.44
Days on Market32
Property Features for 25515 Harper Avenue
General Information
Standard status
Active
Size
2,250 SF
Property subtype
Commercial
Building Details
Year Built
1974
Listing Agency:
GoodHome Realty, LLC
Listed By:
Quinton Lemond · License #6501444350
(248) 928-4992
Source:
Goodhomemi
Added: Sep 29
Changed: Oct 28
Last Checked: Oct 28 at 6:07AM
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 GoodHome Realty, LLC
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Investment Insights
Based on property information with market context.
This 2,250-square-foot medical office suite at 25515 Harper Avenue includes a separate entrance, reception and check-in area, several private offices, and its own restroom. A large open room provides additional clinical or therapy space, and the layout can be adjusted. Shared building amenities include a waiting area and staff room with café space. The building dates to 1974.
The property is in St. Clair Shores, within a medical corridor described as having established patient traffic. The suite is positioned for healthcare use, with a mix of enclosed rooms and open area, plus access to shared amenities.
The property is in St. Clair Shores, within a medical corridor described as having established patient traffic. The suite is positioned for healthcare use, with a mix of enclosed rooms and open area, plus access to shared amenities.
Key Highlights
- 2,250 square feet of medical office space
- Private suite entrance, reception area, multiple offices, and dedicated restroom
- Large open room and a layout that can be reconfigured
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,746
Suggested Prices Based on Cap Rates
Cap Rate 5%
$154,920
$154.9K
Cap Rate 7%
$110,657
$110.7K
Cap Rate 9%
$86,067
$86.1K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$13.5K $6.00/SF
− Vacancy
−$3.2K −$1.41/SF
EGI
$10.3K $4.59/SF
− OpEx
−$2.6K −$1.15/SF
NOI
$7.7K $3.44/SF
Area
Macomb County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$154,920
Cap Rate 7%
$110,657
Cap Rate 9%
$86,067
Alternative Uses
Best Use
Healthcare Medical
$337.0K
$294.9K – $393.2K
NOI $23,589 @ 7.0% cap · market cap 725.82%
Second Best
Office B
$110.7K
$96.8K – $129.1K
NOI $7,746 @ 7.0% cap · market cap 238.34%
Theoretical Best
Specialty Retail
$421.2K
$368.6K – $491.5K
NOI $29,487 @ 7.0% cap · market cap 907.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
866
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 48081, MI
20,496
Population
9,669
Households
2.1
Avg Household Size
45
Median Age
27%
College-Educated
95%
High-School Grad
3.9 sq mi
ZIP Area
5,255
Density / Sq Mi
$75,735
Median Household Income
$51,140
Median Earnings
$1,272
Median Rent
$202,400
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Dine Veterinary Hospital — 27120 Harper Ave, St Clair Shores, MI 48081
- Andrew Dine — 27120 Harper Ave, St Clair Shores, MI 480811912
Frequently Asked Questions
What type of property is this?
Medical Office Space - The suite combines private offices and treatment space with shared waiting and staff amenities.
Where is this medical office space located?
The property is located at 25515 Harper Avenue St Clair Shores, MI.
What are key features of this property?
This property features: 2,250 square feet of medical office space; Private suite entrance, reception area, multiple offices, and dedicated restroom; Large open room and a layout that can be reconfigured
