Property profile

19151 Kelly Rd Grosse Pointe, MI 48224

OFF-MARKET
Retail space
Property ID
US43-0355070
3,120 SF 0.06 ac lot Built 1953
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use investment opportunity presents a 3,120 square foot storefront property located at 19133-19151 Kelly Road in Detroit, Michigan, 48224. The property, built in 1953, consists of four units within a single, one-story building and sits on a high-traffic corner lot. The asking price is $479,040, translating to $153.54 per square foot. Its prime location offers excellent visibility and accessibility, boasting proximity to the I-94 freeway and the Eastland shopping center. The property is zoned for commercial use, making it ideal for a variety of businesses. This income-producing property is situated in a desirable area bordering the cities of East Point and Harper Woods, ensuring a strong potential for rental income and future appreciation. The property's size and location make it a compelling investment for both seasoned investors and those seeking a strong entry point into the Detroit commercial real estate market. The address encompasses four individual addresses: 19133, 19143, 19147, and 19151 Kelly Road. This is a rare opportunity to acquire a well-positioned, multi-unit commercial property in a thriving area of Detroit.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1953
Total area 3,120 SF
Lot 0.06 ac (2,614 SF)
Zoning code B4
APN 21057216.
UPID US43-0355070

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

19151 Kelly Rd Grosse Pointe, MI 48224-1009
Grosse Pointe metro Census 500100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
$120k

Owner & transaction history

since 2025
7 recorded transactions
2025
$155,000
2025
$50,000
2021
Price N/A
2018
$15,000
2018
Price N/A
2014
$23,800
2014
Price N/A

Zoning & alternative use

B4 · Grosse Pointe, MI

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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