Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    31001-31145 Harper Ave St. Clair Shores, MI 48082
    Back to Search

    Meet Realmo: The Largest Hub of Commercial Real Estate in the US

    Over 1 million active listings and over 150 million property profiles

    Property profile & analytics

    31001-31145 Harper Ave St. Clair Shores, MI 48082

    View on Map
    • Lifestyle centers
    • 180,225 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 31001-31145 Harper Ave

    Property size
    180,225 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Shores Shopping Center, a prime retail property in Macomb County, offers exceptional leasing opportunities. This 180,225 square foot shopping center is situated on a highly visible corner lot at the southwest corner of Harper Road and 13 Mile Road, ensuring maximum exposure for your business. The center features multiple tenancies, with spaces ranging from a minimum of 1,436 square feet to a maximum contiguous space of 5,285 square feet. Currently, 11,571 square feet of space is available for lease. The property sits on one acre and is zoned for retail commercial use. A key advantage is the availability of a former Chase Bank branch pad site, complete with a drive-thru, presenting a unique opportunity for a financial institution or similar business. The center benefits from its location within a strong retail trade area, and highly competitive lease rates are available. This is an ideal location for businesses seeking high visibility and strong foot traffic. Contact us today to learn more about the available spaces and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    St. Clair Shores
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9008
    Latitude
    42.5223

    Comparable in this City

    • Value Estimation by Request
      2,548 SF

      31009 Jefferson Ave

      NURSERY, GREENHOUSE, FLORIST • 2,548 SF
      31009 Jefferson Ave, Saint Clair Shores, MI 48082-1712
      View Details
    • Value Estimation
      $1,065,000
      7,011 SF

      31009 Harper Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 7,011 SF
      31009 Harper Ave, Saint Clair Shores, MI 48082-1567
      View Details
    • Value Estimation by Request
      32,112 SF

      32050 Harper Ave

      NURSERY, GREENHOUSE, FLORIST • 32,112 SF
      32050 Harper Ave, Saint Clair Shores, MI 48082-1419
      View Details
    • Value Estimation by Request
      4,301 SF

      32100 Harper Ave

      NURSERY, GREENHOUSE, FLORIST • 4,301 SF
      32100 Harper Ave, Saint Clair Shores, MI 48082-2458
      View Details
    • Value Estimation by Request
      2,400 SF

      29921-29923 Harper Ave

      Medical Office Space • 2,400 SF
      29921-29923 Harper Ave, St. Clair Shores, MI 48082
      View Details
    • Value Estimation
      $1,680,000
      25,439 SF

      31016 Harper Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 25,439 SF
      31016 Harper Ave, Saint Clair Shores, MI 48082-1545
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Land with I-94 Frontage

      8.71 acres of light industrial land with high visibility.
      At I-94 14 Mile Rd, Saint Clair Shores, MI 48082
      View Details
    • $149,000

      Commercial Land in St. Clair Shores

      Commercial land available in St. Clair Shores, Michigan.
      Vacant Land Masonic Blvd, St Clair Shores, MI 48082
      View Details
    • New
      $62,900
      0.14 Acres

      Cleared Vacant Land Near Lake

      Cleared vacant land near Jefferson and Lake Saint Clair.
      22810 Garfield St, Saint Clair Shores, MI 48082
      View Details
    • Contact for pricing

      Industrial Land I-94 Frontage

      8.71 acres of light industrial land with high visibility.
      14 Mile Rd, Saint Clair Shores, MI 48082
      View Details
    • $59,900
      0.11 Acres

      Saint Clair Shores Vacant Land

      Vacant lot in a desirable Saint Clair Shores neighborhood.
      Port St, Saint Clair Shores, MI 48082
      View Details
    • $279,900
      1,900 SF

      Saint Clair Shores Multi-Family Property

      Two-story multi-family property with lake view near Veterans Park.
      32203 Jefferson Ave, Saint Clair Shores, MI 48082
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Shores Shopping Center Anchor Position

      Anchor position available in St. Clair Shores shopping center.
      31001-31145 Harper Ave, St Clair Shores, MI 48082
      View Details
    • Contact for pricing
      3,600 SF

      Retail/Office Space on Harper Avenue

      Retail/office space with high visibility and ample parking.
      29629-29635 Harper Ave, Saint Clair Shores, MI 48082
      View Details
    • $3,500 /Mo
      3,000 SF

      St. Clair Shores Commercial Building

      Commercial office/retail building in high-traffic, high-density area.
      31201 Jefferson Ave, St Clair Shores, MI 48082
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail spaces available for lease.
      31001-31145 Harper Ave, St Clair Shores, MI 48082
      View Details
    • Contact for pricing

      St. Clair Shores Retail/Office

      High-visibility retail/office space in St. Clair Shores, Michigan.
      29635 Harper Ave, St Clair Shores, MI 48082
      View Details
    Request Owner's contact information
    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.
    31001-31145 Harper Ave
    St. Clair Shores, MI 48082
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    31001-31145 Harper Ave, St. Clair Shores, MI, 48082
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!