Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    21800 Greater Mack Ave St. Clair Shores, MI 48080

    Sponsored
    For Sale
    $2,071,429

    Michigan Bank: Strong Lease, High ROI

    Property size:
    6,375 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fee-simple ownership of a single-tenant, 6,375 square foot Citizens Bank building situated on a 1.56-acre lot in St. Clair Shores, Michigan (48080). The property boasts a new 5-year absolute NNN lease with a corporate guarantee, ensuring minimal landlord responsibilities. The lease includes annual rent bumps of 2.5%, providing consistent income growth. Furthermore, two five-year renewal options, each with 2.5% annual increases, offer long-term stability. Built in 1980, this one-story building currently generates a Net Operating Income (NOI) of $145,000, representing a 7.00% cap rate on the $2,071,429 asking price ($324.93 per square foot). The property benefits from a strong location within a densely populated area, with over 269,500 residents within a 5-mile radius and an average household income of $82,284 within a 3-mile radius. This is a passive income investment with significant upside potential. The property is 100% occupied.

    Property Features for 21800 Greater Mack Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,375 SF
    Lot Size
    67,954 SF

    Building Details

    Year Built
    1980
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Triple‑Net (NNN) lease; no landlord responsibilities.
    • Investment‑grade tenant (Citizens Bank) with a strong S&P rating of A.
    • Annual rent increases of 2.5%.
    • Two five‑year renewal options with 2.5% annual rent increases.
    • Dense population: over 269,500 residents within a 5‑mile radius.
    • High average household income: $82,284 within a 3‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Citizens Bank ATM Atm Citizens Bank

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St. Clair Shores
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9025603
    Latitude
    42.4543191

    Nearby Comparable

    • $1,695,000
      12,996 SF

      St. Clair Shores Office Building

      Multi-tenant office building in desirable St. Clair Shores/Grosse Pointe location.
      22100 Greater Mack Ave, Saint Clair Shores, MI 48080
      View Details
    • $1,695,000
      12,996 SF

      Great Mack Ave Medical Office

      St. Clair Shores medical building, 12,996 SF
      22100 Greater Mack Ave, St. Clair Shores, MI 48080
      View Details
    • $325,000
      1,784 SF

      St. Clair Shores Commercial Property

      Commercial property with salon and apartment in St. Clair Shores.
      22210 Harper Ave, St Clair Shores, MI 48080
      View Details
    • $795,000
      5,497 SF

      Saint Clair Shores Office Building

      Well-maintained office building in desirable St. Clair Shores location.
      23001 Greater Mack Ave, Saint Clair Shores, MI 48080
      View Details
    • Contact for pricing
      8,138 SF

      Freestanding Office Building on Harper

      Highly visible office building with ample parking and recent improvements.
      22708 Harper Ave, Saint Clair Shores, MI 48080
      View Details
    • $595,000
      3,000 SF

      Grosse Pointe Woods Commercial Building

      3,000 SF building on high-traffic Mack Avenue.
      20439 Mack Ave, Detroit, MI 48236
      View Details
    • $925,000
      3,278 SF

      Grosse Pointe Woods Retail Space

      Prime Mack Ave location, vacant, 3,278 SF.
      20419 Mack Ave, Grosse Pointe Woods, MI 48236
      View Details
    • $550,000
      6,810 SF

      St. Clair Shores Office Building

      6,810 SF Office, $550,000
      24001 Greater Mack Ave, St. Clair Shores, MI 48080
      View Details
    • Contact for pricing
      6,810 SF

      St. Clair Shores Office Building

      Office building with available space for lease or sale.
      24001 Greater Mack Ave, Saint Clair Shores, MI 48080
      View Details
    • $300,000
      2,200 SF

      Prime St. Clair Shores Office Building

      2,200 SF Executive Office, 100% Occupied
      24053 Jefferson Ave, St. Clair Shores, MI 48080
      View Details
    • $2,500,000
      20,800 SF

      Medical Suite with High-End Finishes

      1,170 SF medical suite with elevator access and ample parking.
      24055 Jefferson Ave, Saint Clair Shores, MI 48080
      View Details
    • $649,000
      3,230 SF

      Prime Harper Woods Medical Office

      3,230 SF Medical Office Building, NNN Lease
      19601 Vernier Rd, Harper Woods, MI 48225
      View Details

    Nearby Similar for Sale

    • $550,000
      6,810 SF

      St. Clair Shores Office Building

      6,810 SF Office, $550,000
      24001 Greater Mack Ave, St. Clair Shores, MI 48080
      View Details
    • $1,695,000
      12,996 SF

      Great Mack Ave Medical Office

      St. Clair Shores medical building, 12,996 SF
      22100 Greater Mack Ave, St. Clair Shores, MI 48080
      View Details
    • $300,000
      2,200 SF

      Prime St. Clair Shores Office Building

      2,200 SF Executive Office, 100% Occupied
      24053 Jefferson Ave, St. Clair Shores, MI 48080
      View Details
    • $649,000
      2,882 SF

      St. Clair Shores Medical Office Building

      2,882 SF Medical Office, $649,000
      29519 Harper Ave, St. Clair Shores, MI 48081
      View Details
    • $650,000
      5,627 SF

      Executive Office Building for Sale

      St. Clair Shores Office, 5,627 SF, $650K
      29350 Harper Ave, St. Clair Shores, MI 48081
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Michigan Bank: Strong Lease, High ROI
    Where is this individual retail property located?
    The property is located at 21800 Greater Mack Ave St. Clair Shores, MI.
    What is the asking price?
    The asking price for this property is $2,071,429.
    What are key features of this property?
    This property features: Triple-Net (NNN) lease; no landlord responsibilities.; Investment-grade tenant (Citizens Bank) with a strong S&P rating of A.; Annual rent increases of 2.5%.
    Request Owner's contact information
    21800 Greater Mack Ave St. Clair Shores, MI 48080
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    21800 Greater Mack Ave
    St. Clair Shores, MI 48080
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    21800 Greater Mack Ave St. Clair Shores, MI 48080
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.