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    Property profile & analytics
    OFF-MARKET Estimated value $1,015,000
    Office buildings

    19992 Kelly Rd, Harper Woods, MI 48225-1919

    21,302 SF 1.12 ac lot Built 1954
    Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-4720129
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1954
    Total area 21,302 SF
    Lot 1.12 ac (48,787 SF)
    Zoning code C-1
    APN 42 005 02 0001 000
    UPID US43-4720129
    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
    by Request
    Comparable Approach Comparable
    $950k
    Blend (final) Blend
    $1.02M
    Owner & transaction history
    Alan M Sidaway · 3 yrs held
    Alan M Sidaway
    since 2022
    Last sale
    $1.1M
    7 recorded transactions
    2022
    $41,000
    2021
    $892,500
    2020
    2012
    $400,000
    2009
    2005
    $996,160
    2005
    $1,000
    Zoning & alternative use
    C-1 · Harper Woods, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $1.6M +22.9%
    Retail stores $1.5M +12.1%
    Medical building $1.3M +2.2%
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