Auto Shop with Upper-Level
New
For Sale
$630,000
1079 FORT St, Wyandotte, MI 48192
Two floors provide separate work areas, with a fenced parking lot and shop equipment included in the sale.
Property Size9,264 SF
Price / SF$70
Days on Market3
Property Features for 1079 FORT St
General Information
Standard status
Active
Size
9,264 SF
Property subtype
Commercial
Site & Location
Road Access
Yes
Fenced Yard
Yes
Automotive
Service Bays
4
Automotive Uses
auto repair
Tenancy & Operations
Currently Operating
Yes
Real Estate Included
Yes
Additional Details
Clear Height
13.5 ft
Taxes and HOA fees
Annual Taxes
$10,393
Amenities
large fenced parking lot
13'6" ceilings
rear loading door to the upper level
office with Mitsubishi mini-split A/C
newer roof
Building Details
Building Size
9,264 SF
Year Built
1956
Buildings
1
Stories
2
Listing Agency:
Keller Williams Legacy
Listed By:
Robert Kabbani · License #6506045187
(313) 926-2200
Source:
Elliman
Added: Nov 4
Last Checked: Nov 4 at 2:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Legacy
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Investment Insights
Based on property information with market context.
This 1956 auto shop contains approximately 9,000 square feet across two levels, with about 4,500 square feet on each floor. The operating repair facility includes four hoists and additional shop equipment: a pipe bender, R1234YF A/C machine, 180-amp welder with torch, transmission jack, screw jacks, and brake lathe. A rear loading door serves the upper floor, and ceiling height is approximately 13'6". The office has a Mitsubishi mini-split A/C system, and the roof is newer.
The property fronts Fort Street, with access available from either direction and a turnaround in front of the building. A large fenced parking area is also included.
The property fronts Fort Street, with access available from either direction and a turnaround in front of the building. A large fenced parking area is also included.
Key Highlights
- Approximately 9,000 square feet across two levels, with 4,500 square feet on each floor
- Four hoists and additional repair equipment included
- Approximately 13'6" ceilings and a rear loading door to the upper level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,786
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,135,720
$1.1M
Cap Rate 7%
$811,229
$811.2K
Cap Rate 9%
$630,956
$631.0K
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$90.7K $10.08/SF
− Vacancy
−$3.4K −$0.37/SF
EGI
$87.4K $9.71/SF
− OpEx
−$30.6K −$3.40/SF
NOI
$56.8K $6.31/SF
Area
Wayne County, MI
Vacancy
3.70%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,135,720
Cap Rate 7%
$811,229
Cap Rate 9%
$630,956
Alternative Uses
Best Use
Retail
$1.22M
$1.07M – $1.42M
NOI $85,277 @ 7.0% cap · market cap 13.54%
Second Best
Flex RnD
$811.2K
$709.8K – $946.4K
NOI $56,786 @ 7.0% cap · market cap 9.01%
Theoretical Best
Specialty Retail
$1.67M
$1.46M – $1.94M
NOI $116,640 @ 7.0% cap · market cap 18.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
13 ft
Clear height
4
Service bays
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48192, MI
25,058
Population
11,441
Households
2.2
Avg Household Size
42
Median Age
21%
College-Educated
91%
High-School Grad
5.3 sq mi
ZIP Area
4,728
Density / Sq Mi
$67,846
Median Household Income
$42,999
Median Earnings
$995
Median Rent
$159,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
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- Southgate Lincoln — 16800 Fort St, Southgate, MI 48195
- Southgate Ford Collision — 16501 Fort St, Southgate, MI 48195
- Southgate Ford Service — 16501 Fort St, Southgate, MI 48195
Frequently Asked Questions
What type of property is this?
Auto shop - Two floors provide separate work areas, with a fenced parking lot and shop equipment included in the sale.
Where is this auto shop located?
The property is located at 1079 FORT St Wyandotte, MI.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Approximately 9,000 square feet across two levels, with 4,500 square feet on each floor; Four hoists and additional repair equipment included; Approximately 13'6" ceilings and a rear loading door to the upper level
