19992 Kelly Rd Harper Woods, MI 48225-1919
- Office buildings
- 21,302 SF
- 1.12 lot acres
Jan 29, 2025
Current Use by Public Records
- Office buildings
Property Details for 19992 Kelly Rd
- Year built
- 1954
- Lot size
- 1.12 lot acres
- Property size
- 21,302 SF
- Zone code
- C-1
- Property type
- Office buildings
- APN
- 42 005 02 0001 000
- APU
- 42005020001000
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,000,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $949,000
- AI Estimate
- $946,000
Market price range: $541k - $2.17MMarket price range: $557k - $2.17M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,315,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $1,615,000 Change: +23% Conversion: Difficult
- RETAIL STORES
- $1,470,000 Change: +12% Conversion: Moderate
- MEDICAL BUILDING
- $1,340,000 Change: +2% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,290,000 Change: -2% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Harper Woods
- County
- Wayne
- State
- Michigan
- Longitude
- -82.9452
- Latitude
- 42.4437
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA