22400-22410 Harper AveSt. Clair Shores, MI 48080

For Sale
$699,000

St. Clair Shores, MI: Multi-Tenant Retail Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • $699,000 asking price for this retail property.
  • 6,216 square feet in a multi-tenant building with a NNN lease structure.
  • 67% occupancy with 5 years remaining on the lease.
  • Located at 22400-22410 Harper Ave, St. Clair Shores, MI 48080, in a B-1 zoned area on a 0.7-acre lot.
  • Features a built-out kitchen space and ample parking.
  • Excellent location near a new Kroger Marketplace and just south of 9 Mile Rd on Harper Ave.

Property Details for 22400-22410 Harper Ave

Property type
Lifestyle centers, Power centers
Square Feet
6,216 SF
Lot Size (sq. ft)
30,492 SF

Location Insight

City
St. Clair Shores
County
Macomb
State
Michigan
Latitude
42.4611109
Longitude
-82.9095591
22400-22410 Harper Ave, St. Clair Shores, Michigan

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22400-22410 Harper Ave
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