Automotive Service Property with Multiple
For Sale
$2,990,000
12680-12700 Greenfield Rd, Detroit, MI 48227
Established automotive facility with repair infrastructure, industrial and commercial zoning, and included operating licenses.
Property Size11,431 SF
Lot Size2.69 Acres
Price / SF$261.57
Days on Market48
Property Features for 12680-12700 Greenfield Rd
General Information
Standard status
Active
Size
11,431 SF
Lot size
2.69 Acres
Property subtype
Commercial
Zoning
301-Industrial, 201-Commercial
Site & Location
Neighborhood
Plymouth-Hubbell
Traffic Count
140,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$23,616
Building Details
Building Size
11,431 SF
Year Built
1925
Listing Agency:
Real Estate One-Dbn Hts
Listed By:
Ahmed Fayz
(313) 561-3860
Source:
Elliman
Added: Sep 18
Changed: Nov 2
Last Checked: Nov 3 at 7:44AM
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 Real Estate One-Dbn Hts
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This automotive service property was built in 1925 and includes over 11,431 square feet of building facilities on an almost 3-acre site. The improvements feature multiple service bays and hoists, with the sale including an auto parts scrap license, vehicle dealer license, and auto repair license.
The property occupies 12680-12700 Greenfield Rd at the I-96 and Greenfield Road intersection in Detroit. The site carries dual zoning designations—301-Industrial and 201-Commercial—and the surrounding roadway network reports more than 140,000 vehicles passing daily. The parcel contains a 117,000-plus square foot lot, providing substantial outdoor area alongside the enclosed automotive facilities.
The property occupies 12680-12700 Greenfield Rd at the I-96 and Greenfield Road intersection in Detroit. The site carries dual zoning designations—301-Industrial and 201-Commercial—and the surrounding roadway network reports more than 140,000 vehicles passing daily. The parcel contains a 117,000-plus square foot lot, providing substantial outdoor area alongside the enclosed automotive facilities.
Key Highlights
- Over 11,431 square feet of building facilities
- Almost 3 acres with a 117,000‑plus square foot lot
- Multiple automotive service bays and hoists
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,037
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,020,740
$2.0M
Cap Rate 7%
$1,443,386
$1.4M
Cap Rate 9%
$1,122,633
$1.1M
Market Conditions
NOI Build-Up for 11,431 SF
Gross rent
$157.7K $13.80/SF
− Vacancy
−$13.4K −$1.17/SF
EGI
$144.3K $12.63/SF
− OpEx
−$43.3K −$3.79/SF
NOI
$101.0K $8.84/SF
Area
ZIP 48227
Vacancy
8.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,020,740
Cap Rate 7%
$1,443,386
Cap Rate 9%
$1,122,633
Alternative Uses
Best Use
Retail
$1.44M
$1.26M – $1.68M
NOI $101,037 @ 7.0% cap · market cap 3.38%
Second Best
Industrial
$794.2K
$695.0K – $926.6K
NOI $55,597 @ 7.0% cap · market cap 1.86%
Theoretical Best
Multifamily LT 5
$1.86M
$1.63M – $2.17M
NOI $130,180 @ 7.0% cap · market cap 4.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
140,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48227, MI
40,266
Population
19,933
Households
2
Avg Household Size
36
Median Age
12%
College-Educated
83%
High-School Grad
7.5 sq mi
ZIP Area
5,369
Density / Sq Mi
$36,221
Median Household Income
$31,797
Median Earnings
$1,034
Median Rent
$70,900
Median Home Value
Market
Vacancy Rate% for Industrial in Detroit, MI
Similar Off Market Nearby
- Sunshine Auto Collision — 16800 Plymouth Rd, Detroit, MI 48227
- Hne Auto Collision, Inc. — 11565 Abington Ave, Detroit, MI 48227
- Dunnys Collision & Auto Repair — 16510 Plymouth Rd, Detroit, MI 48227
- The Chrome Room — 16535 plymouth rd, detroit, mi 48227
- RIMS TIRES & HUBCAPS — 16535 Plymouth Rd, Detroit, MI 48227
Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive facility with repair infrastructure, industrial and commercial zoning, and included operating licenses.
Where is this auto shop located?
The property is located at 12680-12700 Greenfield Rd Detroit, MI.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: Over 11,431 square feet of building facilities; Almost 3 acres with a 117,000‑plus square foot lot; Multiple automotive service bays and hoists
