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18021 Kelly Rd Detroit, MI 48205

OFF-MARKET Retail properties & Spaces Google Maps
2,860 SF 1.43 ac lot Built 1984
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Year built 1984
Total area 2,860 SF
Lot 1.43 ac (62,291 SF)

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
  • Restaurant Take-out & Catering

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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