Freestanding Bar &
For Sale
$1,495,000
34540 Harper Ave, Clinton Township, MI 48035
Corner-site property with pylon signage and B-3 and R-5 zoning.
Property Size3,200 SF
Lot Size1.46 Acres
Price / SF$467.19
Days on Market55
Property Features for 34540 Harper Ave
General Information
Standard status
Active
Size
3,200 SF
Total Parking Spaces
100
Lot size
1.46 Acres
Property subtype
Retail
Zoning
B-3, R-5
Site & Location
Pylon Signage
Yes
Highway Access
Yes
Building Details
Building Size
3,200 SF
Year Built
1973
Buildings
1
Stories
1
Listing Agency:
Signature Associates - Southfield
Listed By:
Peter Vanderkaay · License #6501388318
(248) 359-3837
Source:
Cpix.resimplifi
Added: Aug 13
Changed: Sep 13
Last Checked: Oct 5 at 3:22PM
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 Signature Associates - Southfield
Investment Insights
Based on property information with market context.
This freestanding bar and pub property includes a 3,200-square-foot building constructed in 1973 on 1.46 acres. The site provides 100 parking spaces and pylon signage, with the building and grounds configured for restaurant and bar operations. The property is being offered with existing equipment and is described as ready for occupancy.
Located at 34540 Harper Ave in Clinton Township, the property sits near I-94, Harper Avenue, and 15 Mile Road within a retail corridor in Macomb County. The site carries B-3 and R-5 zoning and is positioned on a prominent corner with visibility along Harper Avenue. The source information also identifies flexibility for alternative retail or service uses and potential commercial redevelopment.
Located at 34540 Harper Ave in Clinton Township, the property sits near I-94, Harper Avenue, and 15 Mile Road within a retail corridor in Macomb County. The site carries B-3 and R-5 zoning and is positioned on a prominent corner with visibility along Harper Avenue. The source information also identifies flexibility for alternative retail or service uses and potential commercial redevelopment.
Key Highlights
- 3,200‑square‑foot freestanding building constructed in 1973
- 1.46‑acre site with 100 parking spaces
- B‑3 and R‑5 zoning designations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,936
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$838,720
$838.7K
Cap Rate 7%
$599,086
$599.1K
Cap Rate 9%
$465,956
$466.0K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$63.4K $19.80/SF
− Vacancy
−$7.4K −$2.33/SF
EGI
$55.9K $17.47/SF
− OpEx
−$14.0K −$4.37/SF
NOI
$41.9K $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 Rate 5%
$838,720
Cap Rate 7%
$599,086
Cap Rate 9%
$465,956
Alternative Uses
Best Use
Specialty Retail
$599.1K
$524.2K – $698.9K
NOI $41,936 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
79k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 45%
McDonald's
Dining
17,496 visits/mo
0.3 miles
Shell
Shops & Services
16,974 visits/mo
0.1 miles
Tim Hortons
Dining
11,127 visits/mo
0.4 miles
Family Dollar
Shops & Services
10,932 visits/mo
0.4 miles
Checkers
Dining
6,782 visits/mo
0.4 miles
Demographics for 48035, MI
34,018
Population
15,615
Households
2.2
Avg Household Size
40
Median Age
20%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
3,866
Density / Sq Mi
$69,245
Median Household Income
$41,167
Median Earnings
$1,111
Median Rent
$181,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Moon Lite Party Store — 33452 Harper Ave, Clinton Twp, MI 48035
- Ireland's Pub — 33401 Harper Ave, Clinton Twp, MI 48035
- Winners Bar & Grill — 34540 Harper Ave, Clinton Twp, MI 48035
- The Jacob Household — 24457 kolleen ln, clinton twp, mi 48035
Frequently Asked Questions
What type of property is this?
Bar & Pub - Corner-site property with pylon signage and B-3 and R-5 zoning.
Where is this bar & pub located?
The property is located at 34540 Harper Ave Clinton Township, MI.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 3,200‑square‑foot freestanding building constructed in 1973; 1.46‑acre site with 100 parking spaces; B‑3 and R‑5 zoning designations
