Remodeled Gas Station with
13730 Livernois Ave, Detroit, MI 48238
Gas station with carwash, kitchen, and expansion potential.
Type:Business for Sale, Retail, Special Purpose
Property size:
2,542 SFLot size:
0.42 AcresPrice / SF:
$177/SF- Added:
- May 6, 2024
- Days on Market:
- 747
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 13730 Livernois Ave
General Information
- Standard status
- Active
- Size
- 2,542 SF
- Lot size
- 0.42 Acres
- Property subtype
- Business for Sale, Retail, Special Purpose
Building Details
- Year Built
- 1971
Listing agent Claudia Abel- Passalacqua License #6501374813
Listing office Keller Williams Great Lakes
Listing date May 6, 2024
Source Crexi
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 Great Lakes
HighLights
- Remodeled gas station with store and full kitchen.
- Tunnel car wash for additional income.
- High traffic corner lot of .42 acres with expansion potential.
- Equipped with 3 pumps with 0.25‑0.40 cent margins.
- Car wash can be converted to touchless.
- Seller motivated with huge price reduction.
Overview
This recently remodeled gas station is available for sale. The property features a well-equipped store and a full kitchen with a menu. A tunnel car wash provides an additional income opportunity and supports client retention. The car wash could be transformed into a full touchless car wash or mechanics shop. The gas station is equipped with 3 pumps. Situated on a large corner lot of 0.42 acres, the property offers ample room for expansion. The location benefits from high traffic. The building size is 2542 square feet. Intended use is for a gas station with car wash and kitchen.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$372.7K
NOI $33,546 @ 9.00% cap · cautious / downside scenario
Moderate
$479.2K
NOI $33,546 @ 7.00% cap · market / base-case scenario
Aggressive
$670.9K
NOI $33,546 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.3k | $18.60 |
| − Vacancy | −$2.6k | −$1.00 |
| EGI | $44.7k | $17.60 |
| − OpEx | −$11.2k | −$4.40 |
| NOI | $33.5k | $13.20 |
2,542 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$479.2K
$419.3K – $559.1K
NOI $33,546 @ 7.0% cap · market cap 7.45%
Second Best
Retail
$447.3K
$391.4K – $521.8K
NOI $31,310 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$560.8K
$490.7K – $654.2K
NOI $39,254 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Gas stations
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.139187
- Latitude
- 42.389035
Nearby Similar for Sale
FAQs
What type of property is this?
Gas station - Gas station with carwash, kitchen, and expansion potential.
Where is this gas station located?
The property is located at 13730 Livernois Ave Detroit, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Remodeled gas station with store and full kitchen.; Tunnel car wash for additional income.; High traffic corner lot of .42 acres with expansion potential.
