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    19294 Kelly Rd Detroit, MI 48225

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    For Sale
    $630,000

    Profitable pay day loan business for sale with recurring customers.

    Lot size:
    0.06 Acres

    Property Features for 19294 Kelly Rd

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1943

    Source: Next Level Realty LLC Agent Eric Broesamle

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

    Overview

    Established Pay Day Loans Company

    This is an established Pay Day Loans Company that has been in business for 20 years. The business has recurring customers and minimal overhead. The business can be operated by one person Monday through Thursday, and two people on Friday, Saturday, the 1st, and the 3rd. The owner will provide 60 days of paid training. The business is offered as a cash sale with the option to purchase the building on a land contract for an additional $400,000, which includes 3 units. Otherwise, the acquiring owner pays $1,800 per month rent to the building owner for one of the three units.
    Insight Report Location Intelligence

    Current Use by Public Records

    Liberty Tax Tax Preparation Pay America Payroll ... Payroll Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.9505833
    Latitude
    42.4371376

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    FAQs

    What type of property is this?
    Bank - Profitable pay day loan business for sale with recurring customers.
    Where is this bank located?
    The property is located at 19294 Kelly Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $630,000.
    What are key features of this property?
    This property features: - Established Pay Day Loans Company: 20 years in business with recurring customers.; - Lucrative Residual Cash Flow: Business generates consistent income.; - Minimal Overhead: Streamlined operations for cost efficiency.
    (586) 864-4087
    Request Owner's contact information
    19294 Kelly Rd Detroit, MI 48225
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    Detroit, MI 48225
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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
    19294 Kelly Rd Detroit, MI 48225
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