Remodeled Dual Retail
For Sale
Contact for pricing
29921-29923 Harper Ave, Saint Clair Shores, MI 48082
Two 1,200 SF remodeled retail units totaling 2,400 SF, with one unit leased through January 2028.
Property Size2,400 SF
Price / SF$0.01
Days on Market101
Property Features for 29921-29923 Harper Ave
General Information
Standard status
Active
Size
2,400 SF
Class
B
Total Parking Spaces
8
Property subtype
Retail
Zoning
B-1
Building Details
Building Size
2,400 SF
Year Built
1956
Year Renovated
2019
Buildings
1
Stories
1
Listing Agency:
Pilot Property Group
Listed By:
James Diehl · License #6501368863
(586) 337-5241
Source:
Cpix.resimplifi
Added: Jul 21
Changed: Oct 26
Last Checked: Oct 28 at 4:56AM
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
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 2,400 SF storefront property is set up as (2) separate 1,200 SF units. One unit is currently leased through January 2028 to an established pet training studio. The property features two very clean, recently remodeled spaces.
Sale is subject to the seller finding a suitable 1031 exchange opportunity. Please do not disturb the existing tenants.
The layout is suited for an owner/user occupant looking for space in one unit while benefiting from rental income in the other.
Sale is subject to the seller finding a suitable 1031 exchange opportunity. Please do not disturb the existing tenants.
The layout is suited for an owner/user occupant looking for space in one unit while benefiting from rental income in the other.
Key Highlights
- Total 2,400 SF property set up as (2) 1,200 SF retail units
- One 1,200 SF unit is leased through January 2028 to a pet training studio
- Ideal for an owner‑user with income from the leased unit next door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,741
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,820
$354.8K
Cap Rate 7%
$253,443
$253.4K
Cap Rate 9%
$197,122
$197.1K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$28.8K $12.00/SF
− Vacancy
−$3.5K −$1.44/SF
EGI
$25.3K $10.56/SF
− OpEx
−$7.6K −$3.17/SF
NOI
$17.7K $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%
$354,820
Cap Rate 7%
$253,443
Cap Rate 9%
$197,122
Alternative Uses
Best Use
Retail
$253.4K
$221.8K – $295.7K
NOI $17,741 @ 7.0% cap · market cap 126,721.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$449.3K
$393.2K – $524.2K
NOI $31,452 @ 7.0% cap · market cap 224,657.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 46%
Tropical Smoothie Cafe
Dining
9,827 visits/mo
0.2 miles
Exxon
Shops & Services
3,718 visits/mo
0.1 miles
Comerica Bank
Shops & Services
3,470 visits/mo
0.3 miles
Parlor Doughnuts
Dining
3,292 visits/mo
0.2 miles
Wild Bill's Tobacco
Shops & Services
2,176 visits/mo
0.2 miles
Demographics for 48082, MI
16,029
Population
7,461
Households
2.1
Avg Household Size
45
Median Age
27%
College-Educated
95%
High-School Grad
3.3 sq mi
ZIP Area
4,857
Density / Sq Mi
$76,372
Median Household Income
$48,872
Median Earnings
$1,265
Median Rent
$200,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Detroit Design Co. — 29310 Harper Ave, St Clair Shores, MI 48081
Frequently Asked Questions
What type of property is this?
Storefront property - Two 1,200 SF remodeled retail units totaling 2,400 SF, with one unit leased through January 2028.
Where is this storefront property located?
The property is located at 29921-29923 Harper Ave Saint Clair Shores, MI.
What are key features of this property?
This property features: Total 2,400 SF property set up as (2) 1,200 SF retail units; One 1,200 SF unit is leased through January 2028 to a pet training studio; Ideal for an owner‑user with income from the leased unit next door
