Building Details

Year Built 1939

Listing Agency: eXp Realty, LLC M***@exprealty.net Show Phone

Listed By: Relacha Gist Show Phone

Source: Exprealty

Added: Jul 25, 2025 Changed: Oct 11 Last Checked: Oct 15 at 12:49AM

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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 eXp Realty, LLC

Investment Insights

Based on property information with market context.

The property includes a 1,946-square-foot auto repair building on a 5,227-square-foot lot. Constructed in 1939, the facility is equipped with a forced-air HVAC unit and is positioned for continued automotive use or potential redevelopment, subject to zoning requirements.

Located at 11920 W Grand River Avenue in Detroit, the property offers access to the Jefferies Freeway, I-96. The site is within Detroit’s B4 Retail Zoning district, identified for general auto repair use.

Key Highlights

• 1,946 SF building on a 5,227 SF lot
• B4 zoning designated for General Auto Repair
• Built in 1939

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,465

Cap Rate

7.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$189,300 $189.3K

Cap Rate 7%

$135,214 $135.2K

Cap Rate 9%

$105,167 $105.2K

Market Conditions

NOI Build-Up for 1,946 SF

Gross rent

$14.2K $7.32/SF

− Vacancy

−$724 −$0.37/SF

EGI

$13.5K $6.95/SF

− OpEx

−$4.1K −$2.08/SF

NOI

$9.5K $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 Rate 5%

$189,300

Cap Rate 7%

$135,214

Cap Rate 9%

$105,167

Alternative Uses

Best Use

Retail

$342.4K

$299.6K – $399.5K (±1% cap)

NOI $23,969 @ 7.0% cap · market cap 19.41%

Second Best

Industrial

$135.2K

$118.3K – $157.8K (±1% cap)

NOI $9,465 @ 7.0% cap · market cap 7.66%

Theoretical Best

Office A

$429.3K

$375.6K – $500.9K (±1% cap)

NOI $30,051 @ 7.0% cap · market cap 24.33%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

A & B Transmissions Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Spa & Massage Center Building Supply Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

308

Businesses Nearby

19k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Shell Shops & Services

6,799 visits/mo 0.2 miles

Family Dollar Shops & Services

4,978 visits/mo 0.3 miles

BP Shops & Services

3,620 visits/mo 0.1 miles

Sunoco Shops & Services

3,353 visits/mo 0.1 miles

Demographics for 48204, MI

21,738

Population

13,691

Households

1.6

Avg Household Size

37

Median Age

10%

College-Educated

83%

High-School Grad

5.0 sq mi

ZIP Area

4,348

Density / Sq Mi

$32,875

Median Household Income

$26,701

Median Earnings

$970

Median Rent

$53,600

Median Home Value

Market

Vacancy Rate% for Retail in Detroit, MI

7.5% 2019

9.2% 2020

8.5% 2021

7.3% 2022

7.9% 2023

7% 2024

7% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Auto shop - B4 zoning identifies the property for general auto repair use, subject to applicable zoning requirements.

Where is this auto shop located?

The property is located at 11920 Grand River Ave Detroit, MI.

What is the asking price?

The asking price for this property is $123,500.

What are key features of this property?

This property features: 1,946 SF building on a 5,227 SF lot; B4 zoning designated for General Auto Repair; Built in 1939