Property profile

29111 Harper Ave St Clair Shores, MI 48081

FOR SALE
Medical Office Space
Property ID
US43-1001101
3,642 SF 0.17 ac lot Built 1958
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,600 square foot medical office suite, part of the larger 3,264 square foot Shores Medical Center building, presents a turnkey opportunity for medical professionals. Ideally situated near the intersection of Harper and Decker, with convenient access to I-94 and I-696, this single-tenant space boasts a prime location for attracting patients. The layout includes three private offices, two exam rooms equipped with sinks, a spacious reception area, and a comfortable patient/client waiting lobby. Previously utilized as a physical therapy office, the space is well-suited for a variety of medical practices, including chiropractic, optometry, podiatry, and more. The functional design and existing infrastructure minimize upfront investment, allowing for a seamless transition and immediate commencement of operations. All utilities are included in the rental rate, excluding phone and internet services. The property is zoned for office use. This is a rare opportunity to acquire a well-appointed, ready-to-occupy medical office space in a highly accessible and desirable location. Don't miss this chance to establish or expand your medical practice in a thriving area.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1958
Total area 3,642 SF
Lot 0.17 ac (7,405 SF)
Zoning code B-1
APN 09-14-15-133-012
UPID US43-1001101

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
  • Physician
  • Physician
  • Physician
  • Physician
  • Physician

Location

29111 Harper Ave St Clair Shores, MI 48081
St Clair Shores metro Census 250800 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
$260k

Owner & transaction history

since 2020
Last sale
$235,000
1 recorded transaction
2020
$235,000

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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