Gas Station with 3-Bay
For Sale
$299,000
Pending
3652 Gratiot Ave, Detroit, MI 48207
Gas station property with four islands and an attached three-bay garage for automotive and retail uses.
Property Size3,014 SF
Days on Market610
Property Features for 3652 Gratiot Ave
General Information
Standard status
Pending
Size
3,014 SF
Property subtype
Commercial
Site & Location
Neighborhood
Mcdougall-Hunt
Building Details
Year Built
1995
Listing Agency:
RE/MAX Team 2000
Listed By:
Yousef Beydoun · License #6501354088
(313) 561-0900
Source:
Metrodetroithomeguide
Added: Feb 20, 2025
Changed: Oct 1
Last Checked: Oct 23 at 7:47AM
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 RE/MAX Team 2000
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Investment Insights
Based on property information with market context.
This for-sale gas station property includes more than 3,000 square feet and features an attached three-bay garage. The site is configured with four islands, supporting vehicle fueling activity and related on-site operations. The current offering notes no supply contract or deed restrictions, with information presented as reliable but not guaranteed.
The property is described as conveniently located minutes from Downtown Detroit. It is listed at 3652 Gratiot Ave, with the sale being positioned as an opportunity to re-establish operations.
For buyers seeking an automotive-oriented site, the combination of fueling infrastructure and an attached three-bay garage can support a range of practical uses consistent with the existing improvements. The four-island layout may help accommodate ongoing or planned vehicle service activity, while the absence of a supply contract or deed restrictions can simplify certain operational decisions. Buyers should conduct their own due diligence regarding permits, site condition, and any intended redevelopment or use approvals.
The property is described as conveniently located minutes from Downtown Detroit. It is listed at 3652 Gratiot Ave, with the sale being positioned as an opportunity to re-establish operations.
For buyers seeking an automotive-oriented site, the combination of fueling infrastructure and an attached three-bay garage can support a range of practical uses consistent with the existing improvements. The four-island layout may help accommodate ongoing or planned vehicle service activity, while the absence of a supply contract or deed restrictions can simplify certain operational decisions. Buyers should conduct their own due diligence regarding permits, site condition, and any intended redevelopment or use approvals.
Key Highlights
- Gas station property with four islands
- Over 3,000 SF total building area
- Attached three‑bay garage for automotive and retail uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,659
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,180
$293.2K
Cap Rate 7%
$209,414
$209.4K
Cap Rate 9%
$162,878
$162.9K
Market Conditions
NOI Build-Up for 3,014 SF
Gross rent
$22.1K $7.32/SF
− Vacancy
−$1.1K −$0.37/SF
EGI
$20.9K $6.95/SF
− OpEx
−$6.3K −$2.08/SF
NOI
$14.7K $4.86/SF
Area
Detroit, MI
Vacancy
5.08%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,180
Cap Rate 7%
$209,414
Cap Rate 9%
$162,878
Alternative Uses
Best Use
Specialty Retail
$568.2K
$497.2K – $662.9K
NOI $39,775 @ 7.0% cap · market cap 13.30%
Second Best
Retail
$530.3K
$464.0K – $618.7K
NOI $37,123 @ 7.0% cap · market cap 12.42%
Theoretical Best
Office A
$664.9K
$581.8K – $775.7K
NOI $46,543 @ 7.0% cap · market cap 15.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
32k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Groceries 23%
Dining 22%
Electronics 11%
Family Dollar
Shops & Services
7,356 visits/mo
0.5 miles
Save-A-Lot
Groceries
7,311 visits/mo
0.1 miles
KFC
Dining
7,143 visits/mo
0.1 miles
Sunoco
Shops & Services
5,161 visits/mo
0.1 miles
Metro by T-Mobile
Electronics
3,643 visits/mo
0.1 miles
Demographics for 48207, MI
21,704
Population
13,026
Households
1.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
3,445
Density / Sq Mi
$44,561
Median Household Income
$43,377
Median Earnings
$1,040
Median Rent
$193,800
Median Home Value
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
Frequently Asked Questions
What type of property is this?
Gas station - Gas station property with four islands and an attached three-bay garage for automotive and retail uses.
Where is this gas station located?
The property is located at 3652 Gratiot Ave Detroit, MI.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Gas station property with four islands; Over 3,000 SF total building area; Attached three‑bay garage for automotive and retail uses
