22777 Kelly RdEastpointe, MI 48021

Property Details for 22777 Kelly Rd

Year built

1978

Lot size

0.34 AC

Property size (Sq ft)

6,732 SF

Zone code

MU1

Property type

Office buildings

APN

02-14-29-479-022

APU

21429479022

Description

This exceptional Eastpointe, Michigan office building at 22777 Kelly Road presents a unique opportunity for businesses seeking flexible and high-quality space. The property, a two-story Class C building constructed in 1978, offers a total of 6,500 square feet, currently entirely vacant and available for lease. Multiple tenancy options are available, with spaces ranging from a minimum of 1,625 square feet to a maximum contiguous space of 3,250 square feet. The building sits on a 0.335-acre lot and is zoned MU1. Ample parking is provided for tenants and visitors. The building features an elevator for convenient access to both floors. Its location in Eastpointe offers excellent visibility and exposure, making it an ideal location for businesses seeking a strong presence in the area. The property's Macomb County location (APN: 02-14-29-479-022) provides easy access to major transportation routes and amenities. This is an excellent opportunity to secure a well-located, versatile office space in a thriving community. The entire 6,500 square feet is available for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,400,158

  6.5%

  $1,292,453

  7%

  $1,200,135

• Comparable approach

  Method

  Valuation

  Relative Method

  $629,711

  Geo Method

  $629,711

• Alternative Use

  Use

  Valuation

  Residential

  $1,602,642

  Hospitality

  $1,468,012

  Educational

  $1,221,368

  Medical

  $1,263,373

  Retail

  $1,899,906

Location Insight

City

Eastpointe

County

Macomb

State

Michigan

Latitude

42.4668

Longitude

-82.9273

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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