Former Medical Office
20927 Kelly Road Eastpointe, MI 48021
20927 Kelly Road, Eastpointe, MI, 48021
$199,000
For Sale
$199,000
COMMERCIAL - Eastpointe, MI
Property Size4,197 SF
Lot Size0.14 Acres
Price / SF$47.41
Days on Market215
Property Features for 20927 Kelly Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 02-14-32-356-039
- Size
- 4,197 SF
- Lot size
- 0.14 Acres
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1964
- Roof type
- Flat
Listing Agency
Pilot Property Group - Residential LLC
(586) 254-0900
38600 Van Dyke Ste 325, Shelby Twp, MI
Listed by
Alexander Termini · License #6501392648
(586) 291-0499
Added: Dec 16, 2025 Checked: Jul 19 at 9:06 am
MLS# 50196193
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property is a former medical building offered for sale. It includes an elevator-equipped finished basement that is not included in the stated square footage. The building requires extensive interior improvements, making it best suited for an owner-occupant or investor looking to renovate.
The listing also includes an adjacent parking lot located on Juliana Building. The property sits on a 0.14-acre site. Zoning permits office, retail, and personal service uses, providing flexibility for different commercial tenant or operator concepts.
Given the building’s former medical configuration and its elevator-equipped basement, it may work well for uses that benefit from additional lower-level space after renovation. The mix of permitted uses and on-site parking should support a range of office or service-focused occupancies, subject to final fit-out and any applicable building code requirements during redevelopment.
The listing also includes an adjacent parking lot located on Juliana Building. The property sits on a 0.14-acre site. Zoning permits office, retail, and personal service uses, providing flexibility for different commercial tenant or operator concepts.
Given the building’s former medical configuration and its elevator-equipped basement, it may work well for uses that benefit from additional lower-level space after renovation. The mix of permitted uses and on-site parking should support a range of office or service-focused occupancies, subject to final fit-out and any applicable building code requirements during redevelopment.
Key Highlights
- Former medical building with adjacent parking lot on Juliana Building
- Full finished basement that is elevator‑equipped (not included in square footage)
- Building has zoning approval for office, retail, and personal service uses
Local Financial Insights For Office B
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 | $25.2k | $6.00 |
| − Vacancy | −$5.9k | −$1.41 |
| EGI | $19.3k | $4.59 |
| − OpEx | −$4.8k | −$1.15 |
| NOI | $14.4k | $3.44 |
4,197 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$628.6K
$550.0K – $733.4K
NOI $44,002 @ 7.0% cap · market cap 22.11%
Second Best
Retail
$443.2K
$387.8K – $517.1K
NOI $31,024 @ 7.0% cap · market cap 15.59%
Theoretical Best
Specialty Retail
$785.7K
$687.5K – $916.7K
NOI $55,002 @ 7.0% cap · market cap 27.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Stephen J. Palajac, ...
Physician
Edwin J Soler ...
Physician
Physicians Residential Wound ...
Medical Clinic
Michigan Diagnostic Services
Medical Clinic
Mildred Vazquez Garcia
Pediatrician
Similar For Sale Nearby
Similar Off Market Nearby
- APAWS Veterinary Hospital — 21300 Kelly Rd, Eastpointe, MI 48021
FAQs
What type of property is this?
Medical Office Space - Former medical building for sale with an elevator-equipped finished basement and zoning that allows office, retail, and personal service uses.
Where is this medical office space located?
The property is located at 20927 Kelly Road Eastpointe, MI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Former medical building with adjacent parking lot on Juliana Building; Full finished basement that is elevator‑equipped (not included in square footage); Building has zoning approval for office, retail, and personal service uses
