19151 KELLY RD, Detroit, MI 48224
Corner strip retail property offered for sale with multiple addresses and strong access to major shopping and roadway routes.
- Added:
- May 1, 2023
- Days on Market:
- 1148
- Last Refresh:
- Jun 20 at 3:19 am
Property Features for 19151 KELLY RD
General Information
- Standard status
- Active
- Size
- 3,120 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1953
Listing agent Leonard Pickett License #350554
Listing office Rch Brokerage Legacy, Inc. (248) 440-2268
Listing date May 1, 2023
Source Crexi
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 Rch Brokerage Legacy, Inc.
HighLights
- Corner strip retail property with multiple addresses: 19133, 19143, 19147, and 19151 Kelly
- Year built: 1953
- Income‑producing retail property in a high‑traffic area
- Close to I‑94 freeway and Eastland shopping center
- Borders the cities of East Point and Harper Woods
Overview
The property is described as being located in a high traffic area, with proximity to the I-94 freeway and the Eastland shopping center. It also borders the cities of East Point and Harper Woods, which may support retailer visibility and customer access.
For investors and business owners looking for a retail-focused acquisition, the corner configuration and multi-address footprint can offer flexibility for retail operations and ownership planning. The location’s access to I-94 and nearby shopping supports ongoing retail relevance for tenants seeking a customer base within an established commercial environment.
Local Financial Insights For Retail
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 | $58.0k | $18.60 |
| − Vacancy | −$3.1k | −$1.00 |
| EGI | $54.9k | $17.60 |
| − OpEx | −$16.5k | −$5.28 |
| NOI | $38.4k | $12.32 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -82.952806
- Latitude
- 42.4354853
