Automotive Property with Garage
For Sale
$550,000
12520 Morang Dr, Detroit, MI 82001
Office space and a fenced site complement the property's current dealership use.
Property Size2,176 SF
Lot Size0.54 Acres
Price / SF$252.76
Days on Market441
Property Features for 12520 Morang Dr
General Information
Standard status
Active
Size
2,176 SF
Lot size
0.54 Acres
Property subtype
Commercial
Additional Details
Fenced Yard
Yes
Service Bays
3
Building Details
Year Built
1971
Buildings
1
Listing Agency:
Keller Williams Realty Lakeside
Listed By:
Arkan Aboona · License #6506049110
(586) 438-4342
Source:
Vmrealestatemichigan
Added: Jul 23, 2025
Changed: Oct 1
Last Checked: Oct 5 at 7:06PM
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 Realty Lakeside
Investment Insights
Based on property information with market context.
This Detroit automotive property contains 2,176 square feet, with office space and three garage bays. The existing operation is an automotive dealership, and the site includes approximately 0.54 acre of fenced land.
Other commercial or automotive-related uses may be possible, subject to zoning, licensing, and government requirements. The building dates to 1971.
Other commercial or automotive-related uses may be possible, subject to zoning, licensing, and government requirements. The building dates to 1971.
Key Highlights
- 2,176‑square‑foot building with office space
- Three garage bays
- Approximately 0.54 acre of fenced land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,802
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,040
$536.0K
Cap Rate 7%
$382,886
$382.9K
Cap Rate 9%
$297,800
$297.8K
Market Conditions
NOI Build-Up for 2,176 SF
Gross rent
$40.5K $18.60/SF
− Vacancy
−$2.2K −$1.00/SF
EGI
$38.3K $17.60/SF
− OpEx
−$11.5K −$5.28/SF
NOI
$26.8K $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%
$536,040
Cap Rate 7%
$382,886
Cap Rate 9%
$297,800
Alternative Uses
Best Use
Retail
$382.9K
$335.0K – $446.7K
NOI $26,802 @ 7.0% cap · market cap 4.87%
Second Best
Industrial
$151.2K
$132.3K – $176.4K
NOI $10,583 @ 7.0% cap · market cap 1.92%
Theoretical Best
Office A
$480.0K
$420.0K – $560.0K
NOI $33,602 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Service bays
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
13k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
11,587 visits/mo
0.0 miles
Sunoco
Shops & Services
1,605 visits/mo
0.5 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Detroit, MI
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Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 12401 morang dr, detroit, mi 48224
Frequently Asked Questions
What type of property is this?
Automotive property - Office space and a fenced site complement the property's current dealership use.
Where is this automotive property located?
The property is located at 12520 Morang Dr Detroit, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,176‑square‑foot building with office space; Three garage bays; Approximately 0.54 acre of fenced land
