Property profile

18901 Kelly Rd Detroit, MI 48224

OFF-MARKET
Banks
Property ID
US43-1529604
2,955 SF 0.3 ac lot Built 1962
Entity Owned 11-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

A former bank building is located on Kelly Road in Detroit, Michigan, on an approximately 0.3-acre lot. The structure contains approximately 2,955 square feet of interior space and has been renovated, including HVAC updates such as a newly installed air conditioning unit. The site includes a parking lot with two entrances and capacity for more than 18 parking spaces, with potential to add a drive-through. The property is positioned for high traffic exposure along the Kelly Road corridor between Kelly and Moross Roads (with an estimated 29,618 vehicles per day) and offers flexible zoning that can accommodate a range of uses such as medical office, restaurant, or urgent care.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1962
Total area 2,955 SF
Lot 0.3 ac (13,068 SF)
Zoning code B4
APN 21057234-9
UPID US43-1529604

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
  • Alternative Medicine Practice
  • Tax Preparation

Location

18901 Kelly Rd Detroit, MI 48224-1061
Detroit metro Census 500600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$240k

Owner & transaction history

since 2015
3 recorded transactions
2015
Price N/A
2014
Price N/A
2011
Price N/A

Zoning & alternative use

B4 · Detroit, MI
Zoning description

), 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) B3 Shopping District. (4)…

General category COMMERCIAL

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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