Industrial Auto Shop
1268012700 12680-12700 Greenfield Rd, Detroit, MI 48227
For Sale
$2,990,000
Multi-bay automotive facility with industrial and commercial zoning, substantial land area, and included business licenses.
Property Size10,272 SF
Lot Size2.69 Acres
Price / SF$291.08
Days on Market47
Property Features for 1268012700 12680-12700 Greenfield Rd
General Information
Standard status
Size
Lot size
Zoning
Site & Location
Traffic Count
Highway Access
Road Access
Building Details
Year Built
Listing Agency:
Real Estate One-Dbn Hts
Listed By:
Ahmed Fayz
(313) 491-9022
Source:
Katie-k
Added: Sep 21
Changed: Oct 26
Last Checked: Oct 7 at 2:27PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This automotive property includes multiple service bays, hoists, and more than 10,000 square feet of building facilities on a 117,000-plus-square-foot lot. The site carries dual zoning designations for 301-Industrial and 201-Commercial uses, supporting both automotive and broader commercial or industrial operations. The property was built in 1925 and is configured as a sizable operating compound rather than a single retail storefront.
Located at 12680 and 12700 Greenfield Road near the I-96 and Greenfield Road intersection, the property benefits from a reported traffic volume exceeding 140,000 vehicles daily. The sale includes an auto parts scrap license, vehicle dealer license, and auto repair license. Showings require four hours' notice, and the business owner or workers should not be approached directly.
Located at 12680 and 12700 Greenfield Road near the I-96 and Greenfield Road intersection, the property benefits from a reported traffic volume exceeding 140,000 vehicles daily. The sale includes an auto parts scrap license, vehicle dealer license, and auto repair license. Showings require four hours' notice, and the business owner or workers should not be approached directly.
Key Highlights
- 117,000‑plus‑square‑foot lot
- More than 10,000 square feet of building facilities
- Multiple automotive service bays with hoists
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,793
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,815,860
$1.8M
Cap Rate 7%
$1,297,043
$1.3M
Cap Rate 9%
$1,008,811
$1.0M
Market Conditions
NOI Build-Up for 10,272 SF
Gross rent
$141.8K $13.80/SF
− Vacancy
−$12.0K −$1.17/SF
EGI
$129.7K $12.63/SF
− OpEx
−$38.9K −$3.79/SF
NOI
$90.8K $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%
$1,815,860
Cap Rate 7%
$1,297,043
Cap Rate 9%
$1,008,811
Alternative Uses
Best Use
Retail
$1.30M
$1.13M – $1.51M
NOI $90,793 @ 7.0% cap · market cap 3.04%
Second Best
Industrial
$713.7K
$624.5K – $832.7K
NOI $49,960 @ 7.0% cap · market cap 1.67%
Theoretical Best
Multifamily LT 5
$1.67M
$1.46M – $1.95M
NOI $116,981 @ 7.0% cap · market cap 3.91%
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
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Balanced
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
$70,900
Median Home Value
Market
Average Price Trend$/SF for Auto shops in Detroit, MI
Properties on Market for Auto shops in Detroit
Vacancy Rate% for Industrial in Detroit, MI
Similar Off Market Nearby
- Southfield Auto Repair & Service — 26969 Greenfield Rd, Southfield, MI 48076
- Midas — 26939 Greenfield Rd, Southfield, MI 48075
- Sol's Car Care — 4200 W Eleven Mile Rd, Berkley, MI 48072
- Curt's Service Inc. — 14611 W Eleven Mile Rd, Oak Park, MI 48237
- Bosch Service — Oak Park, MI 48237
Frequently Asked Questions
What type of property is this?
Auto shop - Multi-bay automotive facility with industrial and commercial zoning, substantial land area, and included business licenses.
Where is this auto shop located?
The property is located at 1268012700 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: 117,000‑plus‑square‑foot lot; More than 10,000 square feet of building facilities; Multiple automotive service bays with hoists
