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Property profile & analytics
OFF-MARKET
Retail space

19378 Kelly Rd Harper Woods, MI 48225-1908

3,200 SF 0.07 ac lot Built 1948
Entity Owned 21-yr Hold Absentee Owner Free & Clear
Property ID
US43-5265665
Property summary
AI-generated overview

This exceptional 1600 square foot creative office space is ideally situated on Kelly Road, boasting excellent visibility. Located in a Class A building with a single-tenant occupancy, this property offers a unique opportunity for a variety of businesses. The space features 9-foot ceilings and was renovated in 2007, showcasing newly laminated flooring and fresh paint. Previously used as a hair salon studio, the layout includes four private spaces, perfect for subletting or creating distinct work areas. The building itself totals 3200 square feet, situated on a single story, and includes four parking spaces. The property is zoned commercial and benefits from 200 AMP power. The convenient location is further enhanced by its proximity to Roscommon and Elkhart cross streets. This versatile space is perfect for retail, office, or medical uses, offering a blend of modern aesthetics and functional design. The asking price is $15 per square foot gross, totaling $24,000 annually. Note that no equipment is included in the sale. This is a rare opportunity to secure a high-visibility, well-maintained space in a prime location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1948
Total area 3,200 SF
Lot 0.07 ac (3,049 SF)
Zoning code C-2
APN 42 001 01 0707 000
UPID US43-5265665
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
John Harry Properties LLC · 21 yrs held
John Harry Properties LLC
since 2004
2 recorded transactions
2004
$75,000
1969
Price N/A
Zoning & alternative use
C-2 · Harper Woods, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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