Property profile

22400 Harper Ave Saint Clair Shores, MI 48080

OFF-MARKET
Drive through restaurants
Property ID
US43-1609245
4,307 SF 0.35 ac lot Built 1952
Entity Owned 20-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 6,216 square foot retail center, located at 22400-22410 Harper Ave in St. Clair Shores, Michigan, presents a unique investment opportunity. Currently fully vacant, this Class B property offers five available spaces ranging from 1,500 to 3,216 contiguous square feet, perfect for a variety of retail businesses. The center sits on a 0.7-acre lot and is zoned B-1, allowing for a wide range of commercial uses. The building's total size is 6,216 square feet, providing ample space for multiple tenants or a single large occupant. Its strategic location in Macomb County, within the vibrant city of St. Clair Shores (zip code 48080), ensures high visibility and accessibility for customers. This property offers a blank canvas for a savvy investor or entrepreneur looking to establish a thriving retail presence in a high-traffic area. The minimum divisible space is 1,500 square feet, making it suitable for smaller businesses, while the maximum contiguous space of 3,216 square feet caters to larger retail operations. This is an excellent opportunity to acquire a well-located retail center with significant potential for growth and return on investment. The property's address is 22400-22410 Harper Ave, St. Clair Shores, MI 48080.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1952
Total area 4,307 SF
Lot 0.35 ac (15,420 SF)
Zoning code B-1
APN 09-14-33-277-045
UPID US43-1609245

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

22400 Harper Ave Saint Clair Shores, MI 48080-1820
Saint Clair Shores metro Census 251900 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$400k

Owner & transaction history

since 2006
2 recorded transactions
2006
$370,000
2005
$50,000

Zoning & alternative use

B-1 · Saint Clair Shores, MI
Zoning description

IAL DISTRICT (HIGH RISE) Expand ARTICLE IX. - O-1 OFFICE SERVICE DISTRICT ARTICLE IX. - O-1 OFFICE SERVICE DISTRICT Expand ARTICLE X. - CR COMMERCIAL RECREATION ARTICLE X. - CR COMMERCIAL RECREATION Expand ARTICLE XI. -…

General category COMMERCIAL

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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