Zoned B-3 Commercial
29350 Harper Avenue St Clair Shores, MI 48081
29350 Harper Avenue, St Clair Shores, MI, 48081
Contact for pricing
For Sale
Contact for pricing
5,627 SF commercial building with two vacant units, zoned B-3 for retail, office, and service use.
Property Size5,627 SF
Price / SF$115.51
Days on Market79
Property Features for 29350 Harper Avenue
General Information
- Standard status
- Active
- Size
- 5,627 SF
- Property subtype
- Retail, Office
Listing agency
NAI Farbman
(248) 351-4367
Listed by
Jacob Brown · License #6501461436
Source
Crexi
Added: May 5 Updated: Jul 22 at 1:17AM Checked: Jul 22 at 1:17AM
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 NAI Farbman
Investment Insights
Based on property information with market context.
This 5,627 SF commercial building presents an owner-user opportunity with two vacant units, allowing for immediate occupancy while providing flexibility for expansion or additional income. The property is offered for sale and is set up to support a range of uses tied to its zoning.
The building is located on Harper Avenue in St. Clair Shores and is described as having excellent visibility along a high-traffic corridor. Zoning is B-3, which supports retail, office, and service businesses.
For buyers and tenants seeking control over their space, the presence of vacant units makes this property particularly straightforward to customize and occupy in part or in whole, consistent with the building’s B-3 zoning parameters.
The building is located on Harper Avenue in St. Clair Shores and is described as having excellent visibility along a high-traffic corridor. Zoning is B-3, which supports retail, office, and service businesses.
For buyers and tenants seeking control over their space, the presence of vacant units makes this property particularly straightforward to customize and occupy in part or in whole, consistent with the building’s B-3 zoning parameters.
Key Highlights
- 5,627 SF commercial building at 29350 Harper Ave in St. Clair Shores
- Zoned B‑3, allowing retail, office, and service business uses
- Includes two vacant units, offering immediate occupancy
Local Financial Insights For Retail
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 | $67.5k | $12.00 |
| − Vacancy | −$8.1k | −$1.44 |
| EGI | $59.4k | $10.56 |
| − OpEx | −$17.8k | −$3.17 |
| NOI | $41.6k | $7.39 |
5,627 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$594.2K
$519.9K – $693.3K
NOI $41,595 @ 7.0% cap · market cap 6.40%
Second Best
Office B
$276.7K
$242.1K – $322.9K
NOI $19,371 @ 7.0% cap · market cap 2.98%
Theoretical Best
Specialty Retail
$1.05M
$921.8K – $1.23M
NOI $73,743 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Family Eye Care ...
Physician
Junker Cheryl A OD
Physician
Dimension Streetboards
Security Service
Michael Breza
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - 5,627 SF commercial building with two vacant units, zoned B-3 for retail, office, and service use.
Where is this office building located?
The property is located at 29350 Harper Avenue St Clair Shores, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 5,627 SF commercial building at 29350 Harper Ave in St. Clair Shores; Zoned B‑3, allowing retail, office, and service business uses; Includes two vacant units, offering immediate occupancy
