Property summary
This 9,500 square-foot retail shopping center presents a compelling value-add investment opportunity in Detroit, Michigan. Located at 11426 Kelly Road, this single-story, 1948-built structure sits on a 0.41-acre lot and is zoned B3. The building boasts a secure, block construction with convenient side parking. Interior features include rolling metal doors, high ceilings, and a large open space, ideal for a variety of retail uses. The property has been thoroughly cleaned and is ready for immediate tenant improvements or build-out to suit a new owner's vision. Its prime location in Wayne County, with easy access via Kelly Road and a convenient zip code of 48224, offers significant potential for growth and return on investment. The asking price is $60,000, making this an attractive proposition for investors seeking a project with significant upside potential. The property's existing infrastructure and ample space provide a solid foundation for a successful retail venture. This is a rare chance to acquire a well-located, adaptable retail space in a growing market at an exceptionally competitive price. Don't miss this chance to capitalize on this promising investment opportunity.
Property profile
VerifiedCap rate & NOI
Current use
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Church
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Ord. No. 11-05, § 1(61-7-2), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
B3 · Detroit, MIOrd. No. 11-05, § 1(61-7-2), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Ord. No. 11-05, § 1(61-7-2), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B3 in Detroit, MI.
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