Listed by The Signature Group Realty
$3,500,000
20570 Kelly Road
Details
APN 42009990002701
Property Type Land
Sub Type Commercial
Square Footage 27,871
NOI $250,580
Year Built 1997
Acreage 2.770
Land | 2.77 acres
Marketing description
A great investment in a busy commercial area of Harper Woods. The building is leased to Harper Woods public schools with an income of $21,715 a month in a triple-net contract. The owner pays liability insurance. The lease expires on March 29, 2033. The property is on a busy intersection, and the property is near a redevelopment of one million square feet of warehouses and stores in the former Eastland Mall. It is also near HomeDepot and other medium to large stores along Kelly Road and Eight Mile Road. Please do not disturb the school. All inquiries must be through listing agent khalil Hachem. Buyer and buyer agent to verify information.
Listing Contacts
Listed by The Signature Group Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$250,580.00
$20,881.67/mo
Valuation Metrics
0
DSCR
7.16%
Cap Rate
7.16%
ROI
Map
Zoning
C-R CommercialNeighborhood CommercialRegional Commercial
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View all 86 uses Last updated May 5, 2026 For deeper zoning details, reports are available at Zoneomics
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