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Property profile & analytics

21321 Kelly Rd Eastpointe, MI 48021

  • Office buildings
  • 6,690 SF
  • 0.26 lot acres
For Sale
Last Sale
Jan 11, 2024
$800,000
Value Estimations
Cap Rate Potential
3.1%
Office buildings
Location Intelligence
Property ID
US43-1113635
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by 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

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 Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $800,000
    ML approach
    $800,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $591,000
    Market price range: $416k - $891k
    AI Estimate
    $591,000
    Market price range: $416k - $891k
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $635,000
    Current use
    RESTAURANT
    $950,000
    Change: +50% Conversion: Moderate
    MEDICAL BUILDING
    $820,000
    Change: +30% Conversion: Easy
    COMMERCIAL (GENERAL)
    $690,000
    Change: +8% Conversion: Easy
    AUTO REPAIR, GARAGE
    $575,000
    Change: -9% Conversion: Difficult

Get a detailed, property-specific valuation — fast and free


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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$14,508
$0.00
$0.00
$265,100
-
$0.00
$0.00
$530,200
More about this property
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