Turnkey Ice Cream Shop with
For Sale
$229,900
30910 Harper Avenue, Saint Clair Shores, MI 48082
Turnkey ice cream shop with drive-thru and walk-up service, selling with inventory and equipment included.
Property Size595 SF
Days on Market34
Property Features for 30910 Harper Avenue
General Information
Standard status
Active
Size
595 SF
Property subtype
Commercial
Zoning
Commercial
Lease Type
Modified Gross
Additional Details
Lease Term
36 months
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$3,065
Building Details
Building Size
595 SF
Year Built
1985
Listing Agency:
RE/MAX First
(313) 282-7052
Listed By:
James A Haidar · License #326730
Source:
Irishhillsfivestarhomes
Added: Jul 21
Changed: Aug 23
Last Checked: Aug 22 at 12:55PM
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 RE/MAX First
Investment Insights
Based on property information with market context.
This turn-key ice cream shop opportunity includes inventory and equipment for a smooth transition to immediate operation. The concept offers both drive-thru and walk-up service. Seasonal operations are typically open for about 6–7 months per year.
The business is positioned for strong main-road exposure and serves customers from a large shared parking lot with plenty of spaces.
For continuity, the landlord will sign a 3-year lease with the new owner.
The business is positioned for strong main-road exposure and serves customers from a large shared parking lot with plenty of spaces.
For continuity, the landlord will sign a 3-year lease with the new owner.
Key Highlights
- Ice cream shop opportunity with drive‑thru and walk‑up service
- Seasonal operation typically open 6–7 months per year
- Sale includes all inventory and equipment for continued operation
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,798
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$155,960
$156.0K
Cap Rate 7%
$111,400
$111.4K
Cap Rate 9%
$86,644
$86.6K
Market Conditions
NOI Build-Up for 595 SF
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.
Gross rent
$11.8K $19.80/SF
− Vacancy
−$1.4K −$2.33/SF
EGI
$10.4K $17.47/SF
− OpEx
−$2.6K −$4.37/SF
NOI
$7.8K $13.11/SF
Area
Macomb County, MI
Vacancy
11.75%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$155,960
Cap Rate 7%
$111,400
Cap Rate 9%
$86,644
Alternative Uses
Best Use
Specialty Retail
$111.4K
$97.5K – $130.0K
NOI $7,798 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
204k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 89%
Dining 8%
Shops & Services 3%
Meijer
Groceries
119,424 visits/mo
0.4 miles
Kroger
Groceries
60,942 visits/mo
0.5 miles
Tropical Smoothie Cafe
Dining
9,827 visits/mo
0.5 miles
Comerica Bank
Shops & Services
3,470 visits/mo
0.3 miles
Parlor Doughnuts
Dining
3,292 visits/mo
0.4 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Turnkey ice cream shop with drive-thru and walk-up service, selling with inventory and equipment included.
Where is this drive through restaurant located?
The property is located at 30910 Harper Avenue Saint Clair Shores, MI.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Ice cream shop opportunity with drive‑thru and walk‑up service; Seasonal operation typically open 6–7 months per year; Sale includes all inventory and equipment for continued operation
