19151 Kelly Rd, Grosse Pointe, MI 48224-1009
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B4 · Grosse Pointe, MIGrosse Pointe. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.