Fraser Industrial Building For
33417 Kelly Rd Fraser, MI 48026
33417 Kelly Rd, Fraser, MI, 48026
$499,000
For Sale
$499,000
5,089 SF industrial building with fenced lot in Fraser.
Property Size5,089 SF
Price / SF$98.05
Days on Market242
Property Features for 33417 Kelly Rd
General Information
- Standard status
- Active
- Size
- 5,089 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1978
Listing agency
NAI Farbman
(313) 953-0430
Listed by
Harrison Yaldoo · License #6501410787
Source
Naiglobal
Added: Nov 21, 2025 Updated: Jul 6 at 8:43AM Checked: Jul 21 at 6:43AM
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 NAI Farbman
Investment Insights
Based on property information with market context.
This 5,089 square foot industrial building is available for sale in Fraser, Michigan. The property is located off 14 Mile Road, between Kelly and Groesbeck. It is currently occupied by a single tenant industrial user. The property includes a private fenced lot adjacent to the building. A 3-year MG lease is in place, with the tenant responsible for utilities and maintenance.
Key Highlights
- 3‑year MG lease in place - tenant pays utilities and maintenance
- Single Tenant Industrial User
- Private Fenced Lot Adjacent to the Building
Local Financial Insights For Warehouse
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 | $41.5k | $8.16 |
| − Vacancy | −$2.3k | −$0.46 |
| EGI | $39.2k | $7.70 |
| − OpEx | −$5.9k | −$1.16 |
| NOI | $33.3k | $6.55 |
5,089 SF · lease $8.16/SF/yr · vacancy 5.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$476.0K
$416.5K – $555.4K
NOI $33,321 @ 7.0% cap · market cap 6.68%
Second Best
Industrial
$392.0K
$343.0K – $457.4K
NOI $27,441 @ 7.0% cap · market cap 5.50%
Theoretical Best
Specialty Retail
$952.7K
$833.7K – $1.11M
NOI $66,692 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fairway Technologies
Consultant
Similar For Sale Nearby
FAQs
What type of property is this?
Industrial property - 5,089 SF industrial building with fenced lot in Fraser.
Where is this industrial property located?
The property is located at 33417 Kelly Rd Fraser, MI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 3‑year MG lease in place - tenant pays utilities and maintenance; Single Tenant Industrial User; Private Fenced Lot Adjacent to the Building
