Auto Shop with Roll-Up
For Sale
$344,900
13118 Gratiot Avenue, Detroit, MI 48205
COM/IND/BUS OPP, Detroit, MI
Property Size4,468 SF
Lot Size0.45 Acres
Price / SF$77.19
Days on Market71
Property Features for 13118 Gratiot Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial, Industrial
Subdivision
TAYLOR PARK (PLATS)
Standard status
Active
APN
W21I028673C81
Size
4,468 SF
Lot size
0.45 Acres
Utilities
Heating system
Forced Air
Cooling system
Ceiling Fan(s)
Water source
Public
Amenities
4 oversized 10' roll-up doors
5 hydraulic car lifts
separate forced-air heating units
large fenced lot
Building Details
Year built
1945
Listing Agency:
Century 21 Professionals · Century 21 Real Estate
(586) 731-8180
Listed By:
Ahmed Arafa · License #6506048224
(586) 215-1208
Added: Jun 25
Changed: Aug 20
Last Checked: Sep 3 at 10:06AM
MLS# 50212775
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1945, this 4,468-square-foot auto shop is offered with the operating business and real estate. The facility contains four oversized roll-up doors, five hydraulic vehicle lifts, and newer tools and equipment. Separate forced-air heating units serve the shop and lobby, while ceiling fans provide cooling. Public water serves the property.
The 0.45-acre site includes a large fenced lot with space for parking and storage. Located at 13118 Gratiot Avenue in Detroit, the property is configured for automotive service operations, including transmission work, brake service, general repair, or used vehicle sales as described for the offering. Showings are available by appointment.
The 0.45-acre site includes a large fenced lot with space for parking and storage. Located at 13118 Gratiot Avenue in Detroit, the property is configured for automotive service operations, including transmission work, brake service, general repair, or used vehicle sales as described for the offering. Showings are available by appointment.
Key Highlights
- 4 oversized 10' roll‑up doors
- 5 hydraulic car lifts, approximately 5‑7 years old
- 4,468 square feet on a 0.45‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,731
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$434,620
$434.6K
Cap Rate 7%
$310,443
$310.4K
Cap Rate 9%
$241,456
$241.5K
Market Conditions
NOI Build-Up for 4,468 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.7K $7.32/SF
− Vacancy
−$1.7K −$0.37/SF
EGI
$31.0K $6.95/SF
− OpEx
−$9.3K −$2.08/SF
NOI
$21.7K $4.86/SF
Area
Detroit, MI
Vacancy
5.08%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$434,620
Cap Rate 7%
$310,443
Cap Rate 9%
$241,456
Alternative Uses
Best Use
Retail
$786.2K
$687.9K – $917.2K
NOI $55,032 @ 7.0% cap · market cap 15.96%
Second Best
Industrial
$310.4K
$271.6K – $362.2K
NOI $21,731 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$985.7K
$862.5K – $1.15M
NOI $68,996 @ 7.0% cap · market cap 20.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
32k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Dining 14%
Exxon
Shops & Services
11,907 visits/mo
0.0 miles
Sunoco
Shops & Services
8,330 visits/mo
0.4 miles
Domino's Pizza
Dining
4,514 visits/mo
0.1 miles
AutoZone
Shops & Services
4,424 visits/mo
0.3 miles
Exxon
Shops & Services
2,738 visits/mo
0.3 miles
Demographics for 48205, MI
34,056
Population
17,102
Households
2
Avg Household Size
32
Median Age
9%
College-Educated
85%
High-School Grad
6.4 sq mi
ZIP Area
5,321
Density / Sq Mi
$40,612
Median Household Income
$30,833
Median Earnings
$1,149
Median Rent
$55,700
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Automotive service improvements include dedicated heating and a fenced lot with parking and storage.
Where is this auto shop located?
The property is located at 13118 Gratiot Avenue Detroit, MI.
What is the asking price?
The asking price for this property is $344,900.
What are key features of this property?
This property features: 4 oversized 10' roll‑up doors; 5 hydraulic car lifts, approximately 5‑7 years old; 4,468 square feet on a 0.45‑acre lot
