22790 Kelly RdEastpointe, MI 48021

Property Details for 22790 Kelly Rd

Year built

1967

Lot size

0.21 AC

Property size (Sq ft)

4,223 SF

Zone code

B-1

Property type

Medical offices

Property subtype

Medical centers

APN

02-14-28-353-006

APU

21428353006

Description

This exceptional 4,223 square foot industrial building in Eastpointe, Michigan, presents a unique investment opportunity. Situated on a 0.2-acre lot at 22790 Kelly, the property is ideally suited for a variety of professional uses, including medical practices and office spaces. Currently configured as two suites, the layout offers the flexibility to be easily divided into four smaller, independent units. Each of the four potential units boasts its own private bathroom, while a shared public bathroom with multiple rooms adds convenience. A dedicated reception area is also available, enhancing the professional image and functionality of the space. Ample parking is provided both at the front and rear of the building, ensuring convenient access for clients and staff. The building's history includes use as a chiropractic and counseling center, and a valuable feature remains: one existing X-ray room. Further enhancing the property's value, a brand-new roof was installed in August 2024, eliminating immediate roof-related maintenance concerns. This turnkey property offers immediate occupancy and significant potential for a strong return on investment. The strategic location in Eastpointe, combined with its versatile layout and recent upgrades, makes this an exceptional opportunity for discerning buyers seeking a well-maintained and adaptable commercial space. The asking price is $339,999.

• CAP approach

  CAP return

  Valuation

  6%

  $878,322

  6.5%

  $810,759

  7%

  $752,848

• Comparable approach

  Method

  Valuation

  Relative Method

  $395,019

  Geo Method

  $395,019

• Alternative Use

  Use

  Valuation

  Residential

  $1,005,341

  Hospitality

  $920,887

  Educational

  $766,167

  Medical

  $792,517

  Retail

  $1,191,816

Location Insight

City

Eastpointe

County

Macomb

State

Michigan

Latitude

42.467

Longitude

-82.9262

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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