Property summary
This 5,676 square foot multi-tenant retail building, located at 22480 Kelly Road in Eastpointe, Michigan, is currently 32.5% occupied. Built in 1974, the property sits on a 0.45-acre lot and is zoned B-1. It features 38 parking spaces and boasts a prime location with high traffic volume. Over 19,000 vehicles pass daily on Kelly Road, and the intersection with E 9 Mile Road sees over 44,000 vehicles daily. Its proximity to I-94 (over 150,000 vehicles daily) provides excellent freeway access and visibility. The property is situated within a thriving commercial and industrial hub, near the Eastpointe Commons retail complex and Eastpointe Industrial Park. The area is characterized by a strong concentration of medical, office, and automotive-related businesses, along with several recession-resistant national tenants. With over 153,000 residents within a 3-mile radius and convenient access to Lake St. Clair, this property offers significant potential for growth and investment. The property is being offered at auction with an asking price of $125,000. The Macomb County property's APN is 02-14-32-234-014. This is a value-add opportunity in a desirable location within the Detroit Metropolitan Statistical Area, a region with a population exceeding 4.4 million. The property's current subtype is Pharmacy/Drug.
Property profile
VerifiedCap rate & NOI
Current use
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Medical Clinic
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Physician
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Physician
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Physician
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Eastpointe, MIZoning
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Zoning designation
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