Automotive Shop with Parts
For Sale
Contact for pricing
12317 WOODBINE, Redford, MI 48239
Industrial-zoned automotive property combining collision repair, used vehicle sales, salvage licensing, and auto parts operations.
Property Size4,920 SF
Price / SF$162.60
Days on Market172
Property Features for 12317 WOODBINE
General Information
Standard status
Active
Size
4,920 SF
Property subtype
Industrial, Special Purpose, Business for Sale
Zoning
Industrial
Additional Details
Business Included
Yes
Building Details
Year Built
1953
Buildings
1
Stories
1
Units
1
Listing Agency:
ReMax Leading Edge (office)
Listed By:
Ali Abdallah · License #MI 6502342204
(313) 721-1217
Source:
Crexi
Added: Apr 28
Changed: Oct 10
Last Checked: Oct 14 at 11:31PM
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 ReMax Leading Edge (office)
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,920-square-foot automotive property, constructed in 1953, combines several operating components within one location. The offering includes a fully equipped collision repair shop, a used auto parts sales business, and B & C used car dealer and salvage licenses. Inventory is included in the sale, supporting continuity across the existing automotive operations.
The property carries Industrial zoning and is configured for an automotive-focused use profile. Its combination of repair capability, licensing, parts sales, and included inventory provides a broad operating platform for an owner-operator or investor active in the automotive industry.
The property carries Industrial zoning and is configured for an automotive-focused use profile. Its combination of repair capability, licensing, parts sales, and included inventory provides a broad operating platform for an owner-operator or investor active in the automotive industry.
Key Highlights
- 4,920‑square‑foot automotive property
- Industrial zoning
- Fully equipped collision repair shop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,599
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,211,980
$1.2M
Cap Rate 7%
$865,700
$865.7K
Cap Rate 9%
$673,322
$673.3K
Market Conditions
NOI Build-Up for 4,920 SF
Gross rent
$91.5K $18.60/SF
− Vacancy
−$4.9K −$1.00/SF
EGI
$86.6K $17.60/SF
− OpEx
−$26.0K −$5.28/SF
NOI
$60.6K $12.32/SF
Area
Detroit, MI
Vacancy
5.40%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,211,980
Cap Rate 7%
$865,700
Cap Rate 9%
$673,322
Alternative Uses
Best Use
Retail
$865.7K
$757.5K – $1.01M
NOI $60,599 @ 7.0% cap · market cap 7.57%
Second Best
Industrial
$341.8K
$299.1K – $398.8K
NOI $23,929 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$1.09M
$949.7K – $1.27M
NOI $75,976 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
40k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Dining 12%
Exxon
Shops & Services
12,349 visits/mo
0.4 miles
Marathon Petroleum
Shops & Services
12,346 visits/mo
0.5 miles
Shell
Shops & Services
9,497 visits/mo
0.3 miles
Jet's Pizza
Dining
3,129 visits/mo
0.5 miles
Tubby's
Dining
1,718 visits/mo
0.4 miles
Demographics for 48239, MI
36,814
Population
14,869
Households
2.5
Avg Household Size
40
Median Age
23%
College-Educated
93%
High-School Grad
9.5 sq mi
ZIP Area
3,875
Density / Sq Mi
$69,373
Median Household Income
$41,113
Median Earnings
$1,355
Median Rent
$145,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Lube Zone LLC — 9977 Telegraph Rd, Redford Charter Twp, MI 48239
- The Quattro Garage — 24855 Plymouth Rd, Redford Charter Twp, MI 48239
- Metro Customz — 24645 Plymouth Rd, Redford Charter Twp, MI 48239
- Unlimited Auto Repair & Collision — 24645 Plymouth Rd, Redford Charter Twp, MI 48239
- Snethkamp Chrysler Dodge Jeep Ram — 11600 Telegraph Rd, Redford Charter Twp, MI 48239
Frequently Asked Questions
What type of property is this?
Auto shop - Industrial-zoned automotive property combining collision repair, used vehicle sales, salvage licensing, and auto parts operations.
Where is this auto shop located?
The property is located at 12317 WOODBINE Redford, MI.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 4,920‑square‑foot automotive property; Industrial zoning; Fully equipped collision repair shop
