29519 Harper AveSt. Clair Shores, MI 48081

Property Details for 29519 Harper Ave

Year built

1997

Lot size

0.33 AC

Property size (Sq ft)

2,882 SF

Zone code

B-3

Property type

Retail space

APN

09-14-15-129-014

APU

91415129014

Description

This exceptional 2,882 square foot medical office building, located at 29519 Harper Ave in St. Clair Shores, Michigan, presents a unique investment opportunity. Built in 1997 and renovated in 2014, this single-story Class C building sits on a 0.333-acre lot and boasts 21 parking spaces. The property features prominent corner visibility at the intersection of 12 Mile and Harper, enhanced by excellent building and monument signage. Currently configured as a medical office, the space offers adaptability for conversion to general office or retail use, catering to a diverse range of potential tenants. Its strategic location provides easy access to major thoroughfares, I-94 and I-696, and enjoys proximity to the Ascension Medical Campus/Surgery Center, ensuring high visibility and convenient access for patients and clients. The property is zoned B-3, offering flexibility for various business types. The asking price is $649,000, translating to $225.19 per square foot. This owner-user investment opportunity is ideal for businesses seeking a high-profile location with significant growth potential. The seller is expanding to larger facilities. The property's APN is 09-14-15-129-014.

• CAP approach

  CAP return

  Valuation

  6%

  $881,138

  6.5%

  $813,359

  7%

  $755,262

• Comparable approach

  Method

  Valuation

  Relative Method

  $679,347

  Geo Method

  $679,347

• Alternative Use

  Use

  Valuation

  Residential

  $686,098

  Hospitality

  $628,462

  Educational

  $522,873

  Medical

  $540,856

  Retail

  $813,359

Location Insight

City

Saint Clair Shores

County

Macomb

State

Michigan

Latitude

42.5101

Longitude

-82.8987

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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