Property profile

22400-22410 Harper Ave St. Clair Shores, MI 48080

OFF-MARKET
Lifestyle centers
6,216 SF 0.7 ac lot
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 6,216 square foot, multi-tenant retail center located at 22400-22410 Harper Ave in St. Clair Shores, Michigan, 48080. The property, zoned B-1, sits on a 0.7-acre lot and boasts a desirable location just south of 9 Mile Road, directly across from a new Kroger Marketplace. Currently, the center is 67% occupied with a mix of restaurant, storefront, and shopping center tenants under a NNN lease structure. The remaining lease term is five years. A key feature is a built-out kitchen space in an end-cap unit, providing significant potential for future tenants. The property also offers ample parking, a rare advantage along the Harper Avenue corridor. This value-add opportunity is priced at $699,000 and presents a chance to acquire a well-located retail center with significant upside potential. The property's prime location and existing infrastructure make it an attractive investment for both seasoned and emerging real estate investors. The three-unit strip center offers a diverse tenant mix and strong potential for increased occupancy and rental income. The existing tenants provide a stable income stream, while the vacant unit presents an opportunity to increase profitability. This is a rare opportunity to acquire a well-positioned retail property in a thriving Michigan market.

Property profile

Verified
Property type Lifestyle centers
Total area 6,216 SF
Lot 0.7 ac (30,492 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

22400-22410 Harper Ave St. Clair Shores, MI 48080
St. Clair Shores metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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