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Functional Building with Drive-Thru
For Sale
$199,900

11511 KELLY Rd, Detroit, MI 48224

5,000 SF building with basement, drive-thru, and parking.

Property Size5,591 SF
Lot Size0.47 Acres
Price / SF$39.98
Days on Market154

Property Features for 11511 KELLY Rd

General Information

Standard status Active
Size 5,591 SF
Lot size 0.47 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $4,380

Building Details

Building Size 5,591 SF
Year Built 1966
Listing Agency: F L Andary Realty Company Inc
Listed By: Frederick L Andary Jr · License #6501176222
Source: Elliman
Added: Mar 11 Changed: Aug 8 Last Checked: Aug 8 at 6:24AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of F L Andary Realty Company Inc

Investment Insights

Based on property information with market context.

This property features a 5,000-square-foot first floor and a fully functional 5,000-square-foot basement with bathrooms. Previously used as a bank, it includes a drive-thru lane and a large parking lot. The property also features a fenced-in patio area.

Key Highlights

  • 5000 sq. ft. basement with bathrooms in addition to the 5000 sq. ft. 1st floor provides ample space.
  • Previously used as a bank, indicating suitability for commercial purposes.
  • Includes a drive‑thru lane, a valuable feature for certain businesses.

Property Analytics

Current Use

Banks

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Pharmacy Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

340
Businesses Nearby
20k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 70% Groceries 30%
Sunoco Shops & Services
7,193 visits/mo 0.1 miles
Dollar General Shops & Services
6,538 visits/mo 0.2 miles
Save-A-Lot Groceries
6,005 visits/mo 0.2 miles

Demographics for 48224, MI

39,633
Population
16,786
Households
2.4
Avg Household Size
33
Median Age
14%
College-Educated
84%
High-School Grad
5.8 sq mi
ZIP Area
6,833
Density / Sq Mi
$42,963
Median Household Income
$30,997
Median Earnings
$1,213
Median Rent
$77,900
Median Home Value

Market

Vacancy Rate% for Retail in Detroit, MI

7.5% 2019
9.2% 2020
8.5% 2021
7.3% 2022
7.9% 2023
7% 2024
7% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Bank - 5,000 SF building with basement, drive-thru, and parking.
Where is this bank located?
The property is located at 11511 KELLY Rd Detroit, MI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 5000 sq. ft. basement with bathrooms in addition to the 5000 sq. ft. 1st floor provides ample space.; Previously used as a bank, indicating suitability for commercial purposes.; Includes a drive‑thru lane, a valuable feature for certain businesses.
More about this property
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