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    11511 Kelly Rd Detroit, MI 48224

    For Sale
    $199,900

    5,000 SF retail property with basement and drive-thru.

    Lot size:
    0.47 Acres

    Property Features for 11511 Kelly Rd

    General Information

    Lot size
    0.47 Acres

    Building Details

    Year built
    1966

    Source: F L Andary Realty Company Inc Agent Frederick L Andary Jr

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property with Drive-Thru Lane

    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, the property includes a drive-thru lane. It also features a large parking lot and a fenced-in patio area.
    Insight Report Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.9644548
    Latitude
    42.4202233

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    FAQs

    What type of property is this?
    Bank - 5,000 SF retail property with basement and drive-thru.
    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: - 10,000 sq ft total with a **fully functional 5000 sq. ft. basement** with bathrooms in addition to the 5000 sq. ft. 1st floor; - **Large parking lot**; - Previously used as a bank with a drive-thru lane
    (313) 886-5670
    Request Owner's contact information
    11511 Kelly Rd Detroit, MI 48224
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    Detroit, MI 48224
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11511 Kelly Rd Detroit, MI 48224
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