Property profile

23700 Harper Ave Saint Clair Shores, MI 48080

OFF-MARKET
Turn key restaurants
Property ID
US43-0984427
2,088 SF 0.52 ac lot Built 1945
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

Prime St. Clair Shores location at 23700 Harper Ave, this 2,200 sq ft single-tenant retail space offers a fantastic opportunity for a restaurant or similar business. Situated on a 17,600 sq ft lot at a high-traffic corner, the property boasts 16 parking spaces, 220v power, and a 70-seat floor plan. Interior features include a walk-in cooler, ample kitchen space, commercial water heater, dishwasher station, two restrooms, vent hoods, a rooftop HVAC unit, three compartment sinks, a sound rubber roof, vinyl plank flooring in the dining area, and tiled service area floors. The building is a Class B, single-story structure with Commercial Business Improved zoning (201). The landlord is offering two months of free rent for tenant build-out. A Net Net Net (NNN) lease is available, with the possibility of a long-term agreement. This property presents a unique chance to establish a thriving business in a vibrant, densely populated area with ample nearby residential and commercial establishments. The property is conveniently located at the intersection of Harper and Little Mack Avenues, offering excellent visibility and accessibility.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1945
Total area 2,088 SF
Lot 0.52 ac (22,651 SF)
Zoning code LI
APN 09-14-27-351-046
UPID US43-0984427

Cap rate & NOI

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

Location

23700 Harper Ave Saint Clair Shores, MI 48080-1449
Saint Clair Shores metro Census 251700 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
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2019
3 recorded transactions
2019
$240,000
2019
$50,000
2019
Price N/A

Zoning & alternative use

LI · Saint Clair Shores, MI

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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