Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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