Triple-Net Leased School
For Sale
Contact for pricing
20570 Kelly Road, Harper Woods, MI 48225
Income-producing triple-net school lease through 2033 on a busy intersection in Harper Woods.
Property Size27,871 SF
Price / SF$125.58
Days on Market318
Property Features for 20570 Kelly Road
General Information
Standard status
Active
Size
27,871 SF
Property subtype
Land
Net Operating Income
$250,580
Building Details
Year Built
1997
Listing Agency:
The Signature Group Realty
Listed By:
khalil Hachem · License #MI 389582
Source:
Crexi
Added: Sep 30, 2025
Changed: Aug 8
Last Checked: Aug 8 at 3:36PM
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 The Signature Group Realty
Investment Insights
Based on property information with market context.
This leased commercial property is occupied by Harper Woods public schools under a triple-net structure. The current monthly income is $21,715, and the owner is responsible for liability insurance. The building totals 27,871 square feet, and the lease term expires March 29, 2033. Buyer and buyer agent are advised to verify all information.
The property is situated at a busy intersection on Kelly Road in Harper Woods, MI. It is also described as being near a planned redevelopment of approximately one million square feet of warehouses and stores associated with the former Eastland Mall. The remarks further note proximity to Home Depot and other medium to large retail users along Kelly Road and Eight Mile Road.
For buyers seeking a leased, long-dated NNN commitment, this offering features a public-school tenant with a contractual end date of March 29, 2033 and ongoing monthly rent specified in the marketing remarks. The owner’s liability insurance responsibility is explicitly noted. Please do not disturb the school; all inquiries must be directed through the listing agent, Khalil Hachem.
The property is situated at a busy intersection on Kelly Road in Harper Woods, MI. It is also described as being near a planned redevelopment of approximately one million square feet of warehouses and stores associated with the former Eastland Mall. The remarks further note proximity to Home Depot and other medium to large retail users along Kelly Road and Eight Mile Road.
For buyers seeking a leased, long-dated NNN commitment, this offering features a public-school tenant with a contractual end date of March 29, 2033 and ongoing monthly rent specified in the marketing remarks. The owner’s liability insurance responsibility is explicitly noted. Please do not disturb the school; all inquiries must be directed through the listing agent, Khalil Hachem.
Key Highlights
- Income of $21,715/month under a triple‑net lease with Harper Woods public schools
- Lease expires March 29, 2033
- Owner pays liability insurance under the lease terms
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
Explore this area
Business Placement
Demographics for 48225, MI
15,862
Population
6,271
Households
2.5
Avg Household Size
37
Median Age
23%
College-Educated
93%
High-School Grad
2.7 sq mi
ZIP Area
5,875
Density / Sq Mi
$59,248
Median Household Income
$40,558
Median Earnings
$1,304
Median Rent
$140,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
School - Income-producing triple-net school lease through 2033 on a busy intersection in Harper Woods.
Where is this school located?
The property is located at 20570 Kelly Road Harper Woods, MI.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Income of $21,715/month under a triple‑net lease with Harper Woods public schools; Lease expires March 29, 2033; Owner pays liability insurance under the lease terms
