31301 Harper AveSt. Clair Shores, MI 48082

  • Turn key restaurants
  • 5,066 SF

Property Details for 31301 Harper Ave

Year built
1980
Lot size
0.58 AC
Property size (Sq ft)
5,066 SF
Zone code
B-2
Property type
Turn key restaurants
APN
09-14-03-454-044
APU
91403454044

Description

This 1,493 square foot retail space, newly redeveloped in 2023, is located at 31301 Harper Avenue in Saint Clair Shores, Macomb County, Michigan. The property is zoned B2 (General Business) and offers a single-tenant occupancy. The building boasts ample parking, prominent pylon signage, and convenient access via multiple curb cuts directly from Harper Avenue. This location benefits from high visibility and strong traffic counts, placing it within a thriving retail corridor. Nearby established businesses include major retailers such as Meijer, Kroger, and The Home Depot, ensuring a robust customer base and significant foot traffic. The space is currently vacant and ready for immediate occupancy, presenting a unique opportunity for a retail business seeking a high-impact location in a newly revitalized area. The property's modern design and strategic placement make it an ideal location for a variety of retail uses. This is a chance to establish a presence in a rapidly growing commercial area with excellent visibility and accessibility. The property's single-tenant configuration offers flexibility and control for the occupying business. The ample parking ensures convenient access for customers and employees alike. The pylon signage provides excellent branding opportunities, enhancing visibility and attracting potential customers. This property offers a compelling combination of location, visibility, and modern amenities, making it an exceptional opportunity for a discerning retail tenant.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,548,871
    6.5%
    $1,429,728
    7%
    $1,327,604
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,194,162
    Geo Method
    $1,194,162
  • Alternative Use

    Use
    Valuation
    Residential
    $1,206,029
    Hospitality
    $1,104,716
    Educational
    $919,110
    Medical
    $950,720
    Retail
    $1,429,728

Location Insight

City
Saint Clair Shores
County
Macomb
State
Michigan
Latitude
42.5265
Longitude
-82.8963
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$13,153
-
-
$330,000
-
-
-
$660,000

FAQs

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