19992 Kelly Rd, Harper Woods, MI 48225-1919
This exceptional two-story medical office building, totaling 21,451 square feet, presents a fantastic owner-user or investment opportunity in Wayne County. Situated on a 1.11-acre lot, the Class B building boasts convenient access to major thoroughfares, including I-94 and I-696, ensuring effortless commutes for both staff and patients. Constructed in 1958, the property offers a blend of established infrastructure and potential for modernization. Currently, 10,000 square feet of space is available for lease or sale, with flexible options ranging from a minimum of 700 square feet to a maximum contiguous space of 4,600 square feet. The building is ideally suited for multiple tenants, offering a variety of configurations to accommodate diverse medical practices. A gated parking lot provides ample and secure parking for staff and visitors. The strategic location near a hospital and the Eastland Commerce Center further enhances its appeal, offering proximity to a robust healthcare network and a thriving business community. The asking price for the entire building is $1,050,000, while lease rates are $10 per square foot, plus electricity. This property represents a rare opportunity to acquire a well-located, versatile medical office building with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
C-1 · Harper Woods, MIHarper Woods. 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.