Storefront Property with New
26803 Harper Ave, Saint Clair Shores, MI 48081
For Sale
$195,000
Storefront property with a brand new roof and electrical service, approved for occupancy and suited for office or retail uses.
Property Size1,030 SF
Price / SF$189.32
Days on Market107
Property Features for 26803 Harper Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Highway Access
Utilities to Site
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Pilot Property Group
Listed By:
James Diehl · License MI #6501368863
(586) 337-5241
Source:
Cpix.resimplifi
Added: Jul 27
Changed: Nov 9
Last Checked: Nov 8 at 2:28AM
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.
Storefront property at 26803 Harper Ave (1030 SF) built in 1960, with a brand new roof and updated electrical service. The building is approved for occupancy by the City and positioned for flexible front-of-house use as an office, general retail, or contractor office/showroom.
Signage is available for the property, and access is described as easy to 696/I-94. Parking is limited to two spaces on-site, with the area allowing for additional vehicle stacking (up to four vehicles) in the parking area.
The layout supports a storefront-oriented tenant environment where an owner-operator can leverage street-facing branding, while the approval for occupancy helps streamline readiness for use.
Signage is available for the property, and access is described as easy to 696/I-94. Parking is limited to two spaces on-site, with the area allowing for additional vehicle stacking (up to four vehicles) in the parking area.
The layout supports a storefront-oriented tenant environment where an owner-operator can leverage street-facing branding, while the approval for occupancy helps streamline readiness for use.
Key Highlights
- 1030 SF storefront property built in 1960
- Brand new roof and updated electrical service
- Approved for occupancy by the City
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,614
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$152,280
$152.3K
Cap Rate 7%
$108,771
$108.8K
Cap Rate 9%
$84,600
$84.6K
Market Conditions
NOI Build-Up for 1,030 SF
Gross rent
$12.4K $12.00/SF
− Vacancy
−$1.5K −$1.44/SF
EGI
$10.9K $10.56/SF
− OpEx
−$3.3K −$3.17/SF
NOI
$7.6K $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%
$152,280
Cap Rate 7%
$108,771
Cap Rate 9%
$84,600
Alternative Uses
Best Use
Retail
$108.8K
$95.2K – $126.9K
NOI $7,614 @ 7.0% cap · market cap 3.90%
Second Best
Office B
$50.7K
$44.3K – $59.1K
NOI $3,546 @ 7.0% cap · market cap 1.82%
Theoretical Best
Specialty Retail
$192.8K
$168.7K – $225.0K
NOI $13,498 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
819
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
$202,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Macomb County, MI
Properties on Market for Storefront properties in Macomb County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Storefront property with a brand new roof and electrical service, approved for occupancy and suited for office or retail uses.
Where is this storefront property located?
The property is located at 26803 Harper Ave Saint Clair Shores, MI.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1030 SF storefront property built in 1960; Brand new roof and updated electrical service; Approved for occupancy by the City
