21321 Kelly Rd Eastpointe, MI 48021
- Office buildings
- 6,690 SF
- 0.26 lot acres
Current Use by Public Records
- TJ Plumbing and Heating / Plumber
- Monahan-Ide LLC / Real Estate Developer
- Monahan Co / General Contractor
- Edward Monahan V Inc / General Contractor
Property Details for 21321 Kelly Rd
- Year built
- 1975
- Lot size
- 0.26 lot acres
- Property size
- 6,690 SF
- Zone code
- B-1
- Property type
- Office buildings
- APN
- 02-14-32-330-038
- APU
- 21432330038
Description
This exceptional 11,724 square foot medical office building, located at 21321 Kelly Rd in Eastpointe, Michigan, presents a compelling investment opportunity. Built in 1976, this single-story Class C building sits on a 0.5-acre lot and features 54 parking spaces. Currently operating as a multi-tenant property with an existing tenant in place, generating income, this property offers significant potential. The building is zoned MV1 and boasts excellent main road exposure, ideal for signage and visibility. A substantial portion of the building, 6,904 square feet, is also available for lease, providing further income potential or the opportunity to expand your existing practice. The asking price is $995,000, translating to $84.87 per square foot. This property is perfect for medical professionals, commercial enterprises, or investors seeking a strong return on investment in a prime Eastpointe location. The property's address is easily accessible and benefits from high traffic volume. The building's single-story design offers convenient access and functionality. This is a rare opportunity to acquire a well-located, income-producing property in a thriving market. The Macomb County location provides easy access to major transportation routes and amenities. The property's APN is 02-14-32-404-038.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $800,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $790,000
- 6.5%
- $825,000
- 7%
- $770,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $725,000
- Geo Method
- $665,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $740,000
- Retail
- $775,000
- Mixed-Use
- $780,000
- Hospitality
- $615,000
- Educational
- $650,000
- Residential Income
- $675,000
- Energy
- $805,000
- Income-Based Land
- $755,000
- Food Service
- $570,000
Location Insight
- Map
- Local Demand
- City
- Eastpointe
- County
- Macomb
- State
- Michigan
- Longitude
- -82.9371
- Latitude
- 42.4551
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA