Two-Building Office
29111 Harper Ave St Clair Shores, MI 48081
For Sale
$699,000
Two-building commercial office package with a renovated multi-tenant building, recent HVAC and roof upgrades, and shared parking.
Property Size4,770 SF
Price / SF$146.54
Days on Market141
Property Features for 29111 Harper Ave
General Information
- Standard status
- Active
- Size
- 4,770 SF
- Property subtype
- Office, Retail
Listing Agency:
Anton, Sowerby & Associates, Inc.
(586) 918-1956
Listed By:
Susan Blanchard · License #6501370698
(586) 918-1956
Source:
Cpix.resimplifi
Added: Mar 4
Changed: Jul 23
Last Checked: Jul 23 at 3:07AM
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 Anton, Sowerby & Associates, Inc.
Investment Insights
Based on property information with market context.
This is a two-building commercial package totaling 4,770 SF, including Building A and Building B, plus an adjoining parcel that provides shared parking. Building A is a recently renovated 3,642 SF multi-tenant office building with a 5-year owner leaseback for 2,024 SF. Building B contains 1,129 SF and is separately leased at $1,100 per month. Recent capital improvements on Building A include four new HVAC units and a new roof.
The property is positioned on a corner with strong visibility along the busy Harper corridor. The overall offering is suitable for medical, dental, or general office use, and includes ample shared parking that supports day-to-day operations.
An additional 1,618 SF is available for owner/user or for lease, providing flexibility alongside the existing leased space.
The property is positioned on a corner with strong visibility along the busy Harper corridor. The overall offering is suitable for medical, dental, or general office use, and includes ample shared parking that supports day-to-day operations.
An additional 1,618 SF is available for owner/user or for lease, providing flexibility alongside the existing leased space.
Key Highlights
- 4,770 SF two‑building commercial package on Harper Ave in the heart of St. Clair Shores
- Building A: 3,642 SF recently renovated multi‑tenant building with 4 new HVAC units and a new roof
- Building A includes a 5‑year owner leaseback for 2,024 SF
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.4k | $19.80 |
| − Vacancy | −$11.1k | −$2.33 |
| EGI | $83.3k | $17.47 |
| − OpEx | −$33.3k | −$6.99 |
| NOI | $50.0k | $10.48 |
4,770 SF · lease $19.80/SF/yr · vacancy 11.75% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$714.4K
$625.1K – $833.5K
NOI $50,009 @ 7.0% cap · market cap 7.15%
Second Best
Office B
$234.6K
$205.3K – $273.7K
NOI $16,421 @ 7.0% cap · market cap 2.35%
Theoretical Best
Specialty Retail
$893.0K
$781.4K – $1.04M
NOI $62,511 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shores Medical Center
Physician
Agrawal Rajiv MD
Physician
Raafat Issa M.D ...
Physician
KRISTIN SUZANNE TURBIAK
Physician
Dr. Ying-Min Chen
Physician
FAQs
What type of property is this?
Office building - Two-building commercial office package with a renovated multi-tenant building, recent HVAC and roof upgrades, and shared parking.
Where is this office building located?
The property is located at 29111 Harper Ave St Clair Shores, MI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 4,770 SF two‑building commercial package on Harper Ave in the heart of St. Clair Shores; Building A: 3,642 SF recently renovated multi‑tenant building with 4 new HVAC units and a new roof; Building A includes a 5‑year owner leaseback for 2,024 SF
