20927 Kelly Road Eastpointe, MI 48021
COMMERCIAL - Eastpointe, MI
- Added:
- Dec 16, 2025
- Days on Market:
- 208
- Last Refresh:
- Jul 12 at 3:06 am
Property Features for 20927 Kelly Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 02-14-32-356-039
- Size
- 4,197 SF
- Lot size
- 0.14 Acres
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1964
- Roof type
- Flat
Listing agent Alexander Termini License #6501392648 (586) 291-0499
Listing office Pilot Property Group - Residential LLC 38600 Van Dyke Ste 325, Shelby Twp, MI (586) 254-0900
Listing date Dec 16, 2025
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Investment Insights
Based on property information with market context.
The listing also includes an adjacent parking lot located on Juliana Building. The property sits on a 0.14-acre site. Zoning permits office, retail, and personal service uses, providing flexibility for different commercial tenant or operator concepts.
Given the building’s former medical configuration and its elevator-equipped basement, it may work well for uses that benefit from additional lower-level space after renovation. The mix of permitted uses and on-site parking should support a range of office or service-focused occupancies, subject to final fit-out and any applicable building code requirements during redevelopment.
Key Highlights
- Former medical building with adjacent parking lot on Juliana Building
- Full finished basement that is elevator‑equipped (not included in square footage)
- Building has zoning approval for office, retail, and personal service uses
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.2k | $6.00 |
| − Vacancy | −$5.9k | −$1.41 |
| EGI | $19.3k | $4.59 |
| − OpEx | −$4.8k | −$1.15 |
| NOI | $14.4k | $3.44 |
Alternative Uses
Property Analytics
Current Use by Public Records
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