19151 Kelly RdDetroit, MI 48224

Property Details for 19151 Kelly Rd

Year built

1953

Lot size

0.06 AC

Property size (Sq ft)

3,120 SF

Zone code

B4

Property type

Retail space

APN

21057216.

APU

21057216

Description

This exceptional mixed-use investment opportunity presents a 3,120 square foot storefront property located at 19133-19151 Kelly Road in Detroit, Michigan, 48224. The property, built in 1953, consists of four units within a single, one-story building and sits on a high-traffic corner lot. The asking price is $479,040, translating to $153.54 per square foot. Its prime location offers excellent visibility and accessibility, boasting proximity to the I-94 freeway and the Eastland shopping center. The property is zoned for commercial use, making it ideal for a variety of businesses. This income-producing property is situated in a desirable area bordering the cities of East Point and Harper Woods, ensuring a strong potential for rental income and future appreciation. The property's size and location make it a compelling investment for both seasoned investors and those seeking a strong entry point into the Detroit commercial real estate market. The address encompasses four individual addresses: 19133, 19143, 19147, and 19151 Kelly Road. This is a rare opportunity to acquire a well-positioned, multi-unit commercial property in a thriving area of Detroit.

• CAP approach

  CAP return

  Valuation

  6%

  $953,904

  6.5%

  $880,527

  7%

  $817,632

• Comparable approach

  Method

  Valuation

  Relative Method

  $735,449

  Geo Method

  $735,449

• Alternative Use

  Use

  Valuation

  Residential

  $742,757

  Hospitality

  $680,362

  Educational

  $566,053

  Medical

  $585,520

  Retail

  $880,527

Location Insight

City

Grosse Pointe

County

Wayne

State

Michigan

Latitude

42.4355

Longitude

-82.9528

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].