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    18021 Kelly Rd Detroit, MI 48205

    Sponsored
    For Sale
    $650,000

    Vacant 2,860 SF Restaurant, $650K

    Property size:
    2,860 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,860-square-foot vacant commercial property, located at 18021 Kelly Road in Detroit, Michigan, presents a compelling owner-user or redevelopment opportunity. The property, built in 1984, sits on a 1.43-acre lot and is zoned B-4 General Business, offering significant flexibility for various uses. Previously a national quick-service restaurant (QSR), the building boasts a drive-thru and is ideally situated along Kelly Road, which experiences a daily traffic volume of 24,500 vehicles. Its strategic location provides quick access to Interstate 94 (133,400 VPD), placing it within easy reach of a large customer base. The property's proximity to national and credit tenants, along with its close proximity to Coleman A. Young International Airport, further enhances its appeal. The asking price is $650,000, translating to $227.27 per square foot. The property includes approximately 0.3 parking spaces. This fee simple ownership (land and building) presents a rare chance to acquire a well-located commercial property with significant redevelopment potential in a thriving area with strong demographics within a 5-mile radius. The property is currently vacant, allowing for immediate occupancy or redevelopment to suit a variety of business needs.

    Property Features for 18021 Kelly Rd

    General Information

    Property type
    Restaurants
    Square Feet
    2,860 SF
    Lot Size
    62,291 SF

    Building Details

    Year Built
    1984

    HighLights

    • Excellent redevelopment opportunity; 2,860 SF building on 1.43‑acre lot; B‑4 General Business zoning.
    • High‑traffic location on Kelly Road (24,500 VPD); drive‑thru; quick access to I‑94 (133,400 VPD).
    • Proximity to national/credit tenants and Coleman A. Young International Airport.
    • Strong demographics within a 5‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Burger King Fast Food Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.9582533
    Latitude
    42.4284265

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    FAQs

    What type of property is this?
    Restaurant - Vacant 2,860 SF Restaurant, $650K
    Where is this 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: Excellent redevelopment opportunity; 2,860 SF building on 1.43-acre lot; B-4 General Business zoning.; High-traffic location on Kelly Road (24,500 VPD); drive-thru; quick access to I-94 (133,400 VPD).; Proximity to national/credit tenants and Coleman A. Young International Airport.
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    Detroit, MI 48205
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18021 Kelly Rd Detroit, MI 48205
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