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Property profile & analytics
OFF-MARKET Estimated value $800,000
Office buildings

21321 Kelly Rd Eastpointe, MI 48021-3214

6,690 SF 0.26 ac lot Built 1975
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US43-1113635
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1975
Total area 6,690 SF
Lot 0.26 ac (11,456 SF)
Zoning code B-1
APN 02-14-32-330-038
UPID US43-1113635
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
Current use
Occupant on record · Public records
  • TJ Plumbing and Heating Plumbing Service General Contractor
  • Monahan-Ide LLC Construction Company General Contractor
  • Monahan Co Construction Company General Contractor
  • Edward Monahan V Inc Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$800k
CAP Approach CAP
by Request
Comparable Approach Comparable
$592k
Blend (final) Blend
$800k
Owner & transaction history
Divine Mercy Property LLC · 2 yrs held
Divine Mercy Property LLC
since 2024
Last sale
$800,000
2 recorded transactions
2024
$800,000
1969
Price N/A
Zoning & alternative use
B-1 · Eastpointe, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
Top alternative use upside
Restaurant $950,000 +49.5%
Medical building $820,000 +29.6%
Commercial (general) $690,000 +8.4%
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