Harper Woods, MI 48225 1208,20570 Kelly Road
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Harper Woods, MI 48225 1208,20570 Kelly Road
Harper Woods, MI 48225 1208,20570 Kelly Road
Harper Woods, MI 48225 1208,20570 Kelly Road
Harper Woods, MI 48225 1208,20570 Kelly Road
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$ 3,500,000
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Price Dropped by $500K

20570 Kelly Road Harper Woods, MI 48225 1208

27,871 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 27,871 sqft

Price per Sqft $125

Subdivision Mi

MLS Listing ID 60941126

Annual Tax Amount $40,123

Lot Size 2.770 Acres

Acres 2.77

Lot Dimensions 241X500

Property Sub-Type Commercial/Industrial

Property 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, with additional 10-year option. 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. Buyer and buyer agent to verify information.

Location

State MI

County Wayne

Area Harper Woods (82331)

Zoning Commercial

Building

Foundation Slab

Water Public Water

Structure Type Brick

Others

Ownership Private

Financing Cash,Conventional


MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Listed by Premier One Group Inc

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20570 Kelly Road