Commercial Property with Fenced Lot

1840 LAWNDALE Street, Detroit, MI 48209

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For Sale

$190,000

Over 1000 square feet with fenced lot in Detroit.

Type:Commercial/Industrial

Property size:

1,017 SF

Lot size:

0.05 Acres

Price / SF:

$186/SF

HighLights

Over 1000 square feet of space
Fenced lot
Opportunity to have your own business
Many different options for use
Last use registered with the city was a body shop
Built in 1942

We can help!

Listing Contact

Gaston Munoz

For Sale

$190,000

Over 1000 square feet with fenced lot in Detroit.

Type:Commercial/Industrial

Property size:

1,017 SF

Lot size:

0.05 Acres

Price / SF:

$186/SF

Added:: Jan 8, 2025
Days on Market:: 522
Last Refresh:: May 19 at 8:43 pm

Property Features for 1840 LAWNDALE Street

General Information

Standard status: Active
Size: 1,017 SF
Lot size: 0.05 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1942

We can help!

Listing Contact

Gaston Munoz

Listing agent Gaston Munoz License #6501354648

Listing office Munoz Realty Inc

Listing date Jan 8, 2025

Source Exitrealty

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 Munoz Realty Inc

HighLights

Over 1000 square feet of space
Fenced lot
Opportunity to have your own business
Many different options for use
Last use registered with the city was a body shop
Built in 1942

Overview

This commercial property offers over 1000 square feet of space and includes a fenced lot. According to city records, the last registered use for the property was as a body shop. The property offers various business options.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$18.9k	$18.60
− Vacancy	−$1.0k	−$1.00
EGI	$17.9k	$17.60
− OpEx	−$5.4k	−$5.28
NOI	$12.5k	$12.32

1,017 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%

Alternative Uses

Best Use

Retail

$178.9K

$156.6K – $208.8K (±1% cap)

NOI $12,526 @ 7.0% cap · market cap 6.59%

Second Best

Industrial

$70.7K

$61.8K – $82.4K (±1% cap)

NOI $4,946 @ 7.0% cap · market cap 2.60%

Theoretical Best

Office A

$224.4K

$196.3K – $261.8K (±1% cap)

NOI $15,705 @ 7.0% cap · market cap 8.27%

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

Property Profile Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

Similar Places Nearby

Pit Stop Auto Repair — 9697 W Fort St, Detroit, MI 48209
Metro Truck Tires — 8150 W Fort St, Detroit, MI 48209
A 1 Towing & Cash For Junk Cars — 9101 W Fort St, Detroit, MI 48209
Roadside Mechanic LLC — 9216 Melville St, Detroit, MI 48209
Reliable Resource Automotive LLC — 8955 Thaddeus St, Detroit, MI 48209

Location Insight

Map
Local Demand

City: Detroit
County: Wayne
State: Michigan
Longitude: -83.1305
Latitude: 42.3066

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For sale
Auto shops
MI
Detroit
48209
1840 LAWNDALE Street

What type of property is this?

Auto shop - Over 1000 square feet with fenced lot in Detroit.

Where is this auto shop located?

The property is located at 1840 LAWNDALE Street Detroit, MI.

What is the asking price?

The asking price for this property is $190,000.

What are key features of this property?

This property features: Over 1000 square feet of space; Fenced lot; Opportunity to have your own business

1840 LAWNDALE Street, Detroit, MI 48209

Over 1000 square feet with fenced lot in Detroit.

Property Features for 1840 LAWNDALE Street

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Turnkey Auto Repair Facility

Detroit Industrial Opportunity For Sale

Detroit Retail Center on Joy

E Warren Retail Opportunity

Rail-Served Heavy Industrial Yard

Turnkey Dry Cleaning Facility

Profitable Auto Business with Real Estate

Detroit Industrial Property with Renovated Office

Detroit Commercial/Industrial Multi-Use Property

Detroit Mixed-Use Property For Sale

Detroit Office Building on Grand River

Turnkey Automotive Facility in Detroit

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