Technical
Financial
Distress signals
Property profile

21321 Kelly Rd Eastpointe, MI 48021

OFF-MARKET
Office buildings
Property ID
US43-1113635
6,690 SF 0.26 ac lot Built 1975
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 11,724 square foot medical office building, located at 21321 Kelly Rd in Eastpointe, Michigan, presents a compelling investment opportunity. Built in 1976, this single-story Class C building sits on a 0.5-acre lot and features 54 parking spaces. Currently operating as a multi-tenant property with an existing tenant in place, generating income, this property offers significant potential. The building is zoned MV1 and boasts excellent main road exposure, ideal for signage and visibility. A substantial portion of the building, 6,904 square feet, is also available for lease, providing further income potential or the opportunity to expand your existing practice. The asking price is $995,000, translating to $84.87 per square foot. This property is perfect for medical professionals, commercial enterprises, or investors seeking a strong return on investment in a prime Eastpointe location. The property's address is easily accessible and benefits from high traffic volume. The building's single-story design offers convenient access and functionality. This is a rare opportunity to acquire a well-located, income-producing property in a thriving market. The Macomb County location provides easy access to major transportation routes and amenities. The property's APN is 02-14-32-404-038.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1975
Total area 6,690 SF
Lot 0.26 ac (11,456 SF)
Zoning code B-1
APN 02-14-32-330-038
UPID US43-1113635

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Plumbing Service General Contractor
  • Construction Company General Contractor
  • Construction Company General Contractor
  • Construction Company General Contractor

Location

21321 Kelly Rd Eastpointe, MI 48021-3214
Eastpointe metro Census 258600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$800k
CAP Approach CAP
by Request
Comparable Approach Comparable
$592k
Blend (final) Blend
$800k

Owner & transaction history

since 2024
Last sale
$800,000
2 recorded transactions
2024
$800,000
1969
Price N/A

Zoning & alternative use

B-1 · Eastpointe, MI
Top alternative use upside
Restaurant $950,000 +49.5%
Medical building $820,000 +29.6%
Commercial (general) $690,000 +8.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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