Two-Building Office
For Sale
Contact for pricing
29111 Harper Ave, St Clair Shores, MI 48081
Two-building commercial office package with a renovated multi-tenant building, recent HVAC and roof upgrades, and shared parking.
Property Size4,771 SF
Price / SF$121.36
Days on Market231
Property Features for 29111 Harper Ave
General Information
Standard status
Active
Size
4,771 SF
Property subtype
Office, Retail
Building Details
Tenancy
Multi
Listing Agency:
Anton, Sowerby & Associates
Listed By:
Susan Blanchard · License #MI 6501370698
(586) 469-8888
Source:
Crexi
Added: Mar 5
Changed: Oct 12
Last Checked: Oct 20 at 6:34PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$50,020
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,000,400
$1.0M
Cap Rate 7%
$714,571
$714.6K
Cap Rate 9%
$555,778
$555.8K
Market Conditions
NOI Build-Up for 4,771 SF
Gross rent
$94.5K $19.80/SF
− Vacancy
−$11.1K −$2.33/SF
EGI
$83.4K $17.47/SF
− OpEx
−$33.3K −$6.99/SF
NOI
$50.0K $10.48/SF
Area
Macomb County, MI
Vacancy
11.75%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,000,400
Cap Rate 7%
$714,571
Cap Rate 9%
$555,778
Alternative Uses
Best Use
Healthcare Medical
$714.6K
$625.3K – $833.7K
NOI $50,020 @ 7.0% cap · market cap 8.64%
Second Best
Office B
$234.6K
$205.3K – $273.7K
NOI $16,424 @ 7.0% cap · market cap 2.84%
Theoretical Best
Specialty Retail
$893.2K
$781.6K – $1.04M
NOI $62,525 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
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
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
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 $579,000.
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
