Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4153 Dix Hwy Lincoln Park, MI 48146

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    $399,900

    Well-established mechanic shop with three bays and expansion potential.

    Property size:
    4,942 SF
    Lot size:
    0.13 Acres

    Property Features for 4153 Dix Hwy

    General Information

    Standard status
    Pending
    Size
    4,942 SF
    Lot size
    0.13 Acres

    Building Details

    Year built
    1952

    We can help!

    Listing Contact
    Ali I Khalil
    Source: Exitrealty

    Listing Agency: RE/MAX Team 2000 Listing Agent: Ali I Khalil

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Established Mechanic Shop with Bays

    This property features a well-established mechanic shop with three bays and the potential to add two additional bays. The shop includes high 20 ft ceilings and comes equipped with two lifts, one with an 18,000 lb capacity and another with a 10,000 lb capacity. All tools and machinery are included in the sale. There are 14 parking spots available. The property has undergone numerous updates within the past 10 years. A large additional storage space offers the possibility of conversion into two additional bays or a collision/detail shop. The property is suitable for auto shops, automotive properties, retail spaces, and general commercial real estate purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dix & Goddard Auto ... Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    The Diesel Whisperer, Downriver Car Care, Tire Traxx, Auto-Lab Complete Car Care Center of Southgate, Metro Sales & Services Inc

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.193755
    Latitude
    42.2227788

    Nearby Similar for Sale

    • $449,900
      2,795 SF

      Established Auto Repair Shop For Sale

      Well-equipped auto repair shop on high-traffic Fort St.
      1306 Fort St, Lincoln Park, MI 48146
      View Details
    • $339,900
      2,500 SF

      Lincoln Park Investment Property

      Four-unit residential income property in Lincoln Park, Michigan.
      4069 Lafayette Blvd, Lincoln Park, MI 48146
      View Details
    • $79,900
      1,224 SF

      Lincoln Park Bungalow with Potential

      Two-unit bungalow with basement and garage, great potential.
      1176 Progress Ave, Lincoln Park, MI 48146
      View Details
    • $325,000
      Pending

      Updated Office Building on Southfield

      Updated office building with high visibility and easy freeway access.
      1088 Southfield Rd, Lincoln Park, MI 48146
      View Details
    • $365,000
      0.08 Acres

      Renovated Duplex in Lincoln Park

      Fully renovated duplex featuring modern amenities and updated systems.
      1532 Euclid St, Lincoln Park, MI 48146
      View Details
    • $600,000

      Lincoln Park Redevelopment Opportunity

      Freestanding building on a corner lot with redevelopment potential.
      1505 Dix Hwy, Lincoln Park, MI 48146
      View Details
    • $449,900
      Pending

      Established Auto Repair Shop For Sale

      Well-equipped auto repair shop on high-traffic Fort St available for sale.
      1306 Fort St, Lincoln Park, MI 48146
      View Details
    • $269,000
      Pending

      Commercial Property on Fort Street

      5,000 SF commercial property with on-site parking for sale.
      3807 Fort St, Lincoln Park, MI 48146
      View Details
    • $4,500,000

      Industrial Property with Crane Bay

      Industrial property featuring crane bay and active rail line.
      1705-1737 Cicotte Ave, Lincoln Park, MI 48146
      View Details
    • $13,900,000

      Distribution Warehouse Near I-75

      240,000 SF distribution warehouse with immediate highway access.
      2251 Dix Hwy, Lincoln Park, MI 48146
      View Details
    • $300,000

      Commercial Property with Versatile Zoning

      Prime location suitable for various commercial endeavors and investors.
      986 Southfield Rd, Lincoln Park, MI 48146
      View Details
    • $499,000

      Lincoln Park Multifamily Opportunity

      8,000 SF building in prime Lincoln Park location.
      1380 Council Ave, Lincoln Park, MI 48146
      View Details

    FAQs

    What type of property is this?
    Auto shop - Well-established mechanic shop with three bays and expansion potential.
    Where is this auto shop located?
    The property is located at 4153 Dix Hwy Lincoln Park, MI.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: - Established mechanic shop in a prime location; - Includes all tools and machinery; - Three bays with room to add two more
    (313) 477-6691
    Request Owner's contact information
    4153 Dix Hwy Lincoln Park, MI 48146
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4153 Dix Hwy
    Lincoln Park, MI 48146
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4153 Dix Hwy Lincoln Park, MI 48146
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ali I Khalil
    Real Estate License ID: 6501301258
    (313) 477-6691 (313) 561-0900 (313) 792-0200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!