Zoned B-3 Commercial
For Sale
Contact for pricing
29350 Harper Avenue, St Clair Shores, MI 48081
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 Market171
Property Features for 29350 Harper Avenue
General Information
Standard status
Active
Size
5,627 SF
Property subtype
Retail
Zoning
B-3
Investment Type
Owner/User
Listing Agency:
NAI Farbman
Listed By:
Jacob Brown · License #6501461436
(248) 351-6331
Source:
Crexi
Added: May 5
Changed: Oct 12
Last Checked: Oct 20 at 6:47PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,595
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,900
$831.9K
Cap Rate 7%
$594,214
$594.2K
Cap Rate 9%
$462,167
$462.2K
Market Conditions
NOI Build-Up for 5,627 SF
Gross rent
$67.5K $12.00/SF
− Vacancy
−$8.1K −$1.44/SF
EGI
$59.4K $10.56/SF
− OpEx
−$17.8K −$3.17/SF
NOI
$41.6K $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%
$831,900
Cap Rate 7%
$594,214
Cap Rate 9%
$462,167
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 authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
789
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
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
