Dual Retail Storefront with Two
For Sale
Contact for pricing
29921-29923 Harper Ave, Saint Clair Shores, MI 48082
Two remodeled 1,200 SF retail units totaling 2,400 SF, with one unit leased through January 2028.
Property Size2,400 SF
Price / SF$122.92
Days on Market9
Property Features for 29921-29923 Harper Ave
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Retail, Office
Building Details
Year Built
1956
Tenancy
Multi
Listing Agency:
Pilot Property Group
(586) 254-0900
Listed By:
James Diehl · License #MI 6501368863
Source:
Crexi
Added: Jul 22
Changed: Jul 29
Last Checked: Jul 29 at 3:19PM
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
Investment Insights
Based on property information with market context.
This dual storefront retail property totals 2,400 SF and is set up as two separate 1,200 SF units. Both spaces are described as very clean and recently remodeled. One unit is currently leased through January 2028 to an established pet training studio, creating an income-generating next-door tenant scenario while still providing space for an owner-user occupant in the other unit.
The property was built in 1956. The sale is subject to the seller finding a suitable 1031 exchange opportunity, and notice is required to avoid disturbing the existing tenants.
The layout of two independent units makes the property practical for buyers looking to pair occupied retail income with the ability to operate in the available unit.
The property was built in 1956. The sale is subject to the seller finding a suitable 1031 exchange opportunity, and notice is required to avoid disturbing the existing tenants.
The layout of two independent units makes the property practical for buyers looking to pair occupied retail income with the ability to operate in the available unit.
Key Highlights
- Total 2,400 SF retail property configured as (2) 1,200 SF units
- One 1,200 SF unit leased through January 2028 to an established pet training studio
- Both units described as very clean and recently remodeled
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 | $28.8k | $12.00 |
| − Vacancy | −$3.5k | −$1.44 |
| EGI | $25.3k | $10.56 |
| − OpEx | −$7.6k | −$3.17 |
| NOI | $17.7k | $7.39 |
2,400 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$253.4K
$221.8K – $295.7K
NOI $17,741 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$449.3K
$393.2K – $524.2K
NOI $31,452 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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
Questions? Ask Rey
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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 remodeled 1,200 SF 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 is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Total 2,400 SF retail property configured as (2) 1,200 SF units; One 1,200 SF unit leased through January 2028 to an established pet training studio; Both units described as very clean and recently remodeled
