22480 Kelly RdEastpointe, MI 48021

Property Details for 22480 Kelly Rd

Year built

1974

Lot size

0.46 AC

Property size (Sq ft)

5,676 SF

Zone code

B-1

Property type

Medical offices

Property subtype

Medical centers

APN

02-14-32-234-014

APU

21432234014

Description

This 5,676 square foot multi-tenant retail building, located at 22480 Kelly Road in Eastpointe, Michigan, is currently 32.5% occupied. Built in 1974, the property sits on a 0.45-acre lot and is zoned B-1. It features 38 parking spaces and boasts a prime location with high traffic volume. Over 19,000 vehicles pass daily on Kelly Road, and the intersection with E 9 Mile Road sees over 44,000 vehicles daily. Its proximity to I-94 (over 150,000 vehicles daily) provides excellent freeway access and visibility. The property is situated within a thriving commercial and industrial hub, near the Eastpointe Commons retail complex and Eastpointe Industrial Park. The area is characterized by a strong concentration of medical, office, and automotive-related businesses, along with several recession-resistant national tenants. With over 153,000 residents within a 3-mile radius and convenient access to Lake St. Clair, this property offers significant potential for growth and investment. The property is being offered at auction with an asking price of $125,000. The Macomb County property's APN is 02-14-32-234-014. This is a value-add opportunity in a desirable location within the Detroit Metropolitan Statistical Area, a region with a population exceeding 4.4 million. The property's current subtype is Pharmacy/Drug.

• CAP approach

  CAP return

  Valuation

  6%

  $1,180,525

  6.5%

  $1,089,716

  7%

  $1,011,879

• Comparable approach

  Method

  Valuation

  Relative Method

  $530,933

  Geo Method

  $530,933

• Alternative Use

  Use

  Valuation

  Residential

  $1,351,247

  Hospitality

  $1,237,735

  Educational

  $1,029,781

  Medical

  $1,065,197

  Retail

  $1,601,882

Location Insight

City

Eastpointe

County

Macomb

State

Michigan

Latitude

42.4644

Longitude

-82.927

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].