Vacant QSR Retail
18021 Kelly Rd Detroit, MI 48205
18021 Kelly Rd, Detroit, MI, 48205
Contact for pricing
For Sale
Contact for pricing
Pending
2,860 SF vacant QSR for sale in Detroit.
Property Size2,860 SF
Days on Market975
Property Features for 18021 Kelly Rd
General Information
- Standard status
- Pending
- Size
- 2,860 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1984
Listing agency
SRS Real Estate Partners Newport Beach
(248) 688-0630
Listed by
Michael Carter · License #MI 6501369793
Source
Crexi
Added: Nov 21, 2023 Updated: Jul 10 at 11:19AM Checked: Jul 22 at 5:25PM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This 2,860 square foot commercial property presents an opportunity for an owner-user or redevelopment. The property is suitable for retail use and was formerly operated as a quick-service restaurant (QSR).
Key Highlights
- Vacant QSR (Quick Service Restaurant)
- Owner‑User Opportunity
- Redevelopment Opportunity
Local Financial Insights For Specialty 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 | $53.2k | $18.60 |
| − Vacancy | −$2.9k | −$1.00 |
| EGI | $50.3k | $17.60 |
| − OpEx | −$12.6k | −$4.40 |
| NOI | $37.7k | $13.20 |
2,860 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$539.2K
$471.8K – $629.1K
NOI $37,743 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$630.9K
$552.1K – $736.1K
NOI $44,165 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Burger King
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - 2,860 SF vacant QSR for sale in Detroit.
Where is this drive through restaurant located?
The property is located at 18021 Kelly Rd Detroit, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Vacant QSR (Quick Service Restaurant); Owner‑User Opportunity; Redevelopment Opportunity
