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20570 Kelly Rd Detroit, MI 48225

For Sale
$4,000,000

Leased property near redevelopment area, offering stable income.

Lot size:
2.77 Acres

Property Features for 20570 Kelly Rd

General Information

Lot size
2.77 Acres

Building Details

Year built
1997

Source: Premier One Group Inc Agent Khalil Hachem

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


Overview

Harper Woods Commercial Investment Property

This commercial property is located in a busy commercial area of Harper Woods. The building is currently leased to Harper Woods Public Schools under a triple-net contract, generating a monthly income of $21,715. The owner is responsible for liability insurance. The lease is in effect until March 29, 2033. Situated on a busy intersection, the property benefits from its proximity to a planned redevelopment of one million square feet of warehouses and stores at the former Eastland Mall site. It is also located near Home Depot and other medium to large stores along Kelly Road and Eight Mile Road. The property represents a stable investment opportunity with an existing long-term lease in place.
Insight Report Location Intelligence

Current Use by Public Records

CCI CTE Building Preparatory School Harper Woods Schools ... School

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
Detroit
County
Wayne
State
Michigan
Longitude
-82.9405765
Latitude
42.4489333

FAQs

What type of property is this?
Storefront property - Leased property near redevelopment area, offering stable income.
Where is this storefront property located?
The property is located at 20570 Kelly Rd Detroit, MI.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: - High monthly income of $21,715 from a triple-net lease.; - Lease in place with Harper Woods Public Schools until March 29, 2033.; - Located in a busy commercial area of Harper Woods.
More about this property
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