Muffler Shop Prime
10010 10022 and 10026 Puritan St Detroit, MI 48238
For Sale
$600,000
Updated muffler shop in prime location with lease in place.
Property Size6,342 SF
Price / SF$94.61
Days on Market97
Property Features for 10010 10022 and 10026 Puritan St
General Information
Standard status
Active
Size
6,342 SF
Property subtype
Commercial
Building Details
Year Built
1958
Listing Agency:
My Realty LLC
(248) 207-6307
Listed By:
Joseph Manuel · License #6501302689
(248) 207-6307
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 6:57AM
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 My Realty LLC
Investment Insights
Based on property information with market context.
This property presents an opportunity to own a business in a prime location. It features a muffler shop that has been updated and brought up to code. The property, located at 10010, 10022 and 10026 Puritan St, Detroit, MI 48238, encompasses 6342 square feet. A three-year lease is in place, having commenced on October 1, 2025, with a monthly rent of $7500. The location has a bike score of 43, indicating it is somewhat bikeable, a walk score of 56, suggesting it is somewhat walkable, and a transit score of 49, indicating some transit options are available.
Key Highlights
- Prime location on Puritan Ave (10010, 10022, 10026)
- Established muffler shop business opportunity
- Updated and up‑to‑code
Financial Insights For Industrial
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.4k | $7.32 |
| − Vacancy | −$2.4k | −$0.37 |
| EGI | $44.1k | $6.95 |
| − OpEx | −$13.2k | −$2.08 |
| NOI | $30.8k | $4.86 |
6,342 SF · lease $7.32/SF/yr · vacancy 5.08% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.12M
$976.4K – $1.30M
NOI $78,114 @ 7.0% cap · market cap 13.02%
Second Best
Industrial
$440.7K
$385.6K – $514.1K
NOI $30,846 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,935 @ 7.0% cap · market cap 16.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- RVG TIRES — 10732 fenkell ave, detroit, mi 48238
- H & H AUTO REPAIR 3 LLC — 14841 Wyoming Ave, Detroit, MI 48238
- Press start motor Solutions — 14947 Meyers Rd, Detroit, MI 48227
- Prince Transportation — 13241 Fenkell Ave, Detroit, MI 48227
- First Star Collision — 12845 Fenkell Ave, Detroit, MI 48227
Frequently Asked Questions
What type of property is this?
Auto shop - Updated muffler shop in prime location with lease in place.
Where is this auto shop located?
The property is located at 10010 10022 and 10026 Puritan St Detroit, MI.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Prime location on Puritan Ave (10010, 10022, 10026); Established muffler shop business opportunity; Updated and up‑to‑code
