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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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20570 Kelly Rd , Harper Woods, MI 48225
$3,500,000
Est. Payment: $7,777.78/mo
0 Bed
0 Bath
27871 Sqft
Status: Active | Days on site: 134
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393187 - 389582
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House 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.
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Highlights

Listed by Khalil Hachem , 313-819-0101 Premier One Group Inc , 313-447-0131.

Property Type

Commercial Sale
Lot/Acreage
2.77

Year Built

1997

County

Wayne

 Neighborhood

Harper Woods City

 School District

Harper Woods

Listing ID

20251041283

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Water:Public

Exterior Features
Principal Interest
$7,778
Taxes
$3,344

Home Price

$3,500,000

Loan Details

30 yrs
%

Down Payment

20%
$700,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,777.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,777.78 $3,343.58 $0.00 $11,121.36
Yearly $93,333.33 $40,123.00 $0.00 $133,456.33
Total $2,800,000.00 $1,203,690.00 $0.00 $4,003,690.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Harper Woods, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.