Mixed-Use Automotive Service
2121 Ford Ave Wyandotte, MI 48192
For Sale
Contact for pricing
Mixed-use building with first-floor garages and service bays plus 2,255 SF of residential space on the second floor.
Property Size7,755 SF
Lot Size0.31 Acres
Price / SF$77.37
Days on Market500
Property Features for 2121 Ford Ave
General Information
- Standard status
- Active
- Size
- 7,755 SF
- Lot size
- 0.31 Acres
- Property subtype
- RETAIL
Listing Agency:
NAI Farbman - Corporate
(734) 755-0488
Listed By:
John Harwood · License #6502136733
(734) 755-0488
Source:
Moodyscre
Added: Mar 14, 2025
Changed: Jul 25
Last Checked: Jul 25 at 5:46AM
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 NAI Farbman - Corporate
Investment Insights
Based on property information with market context.
This mixed-use commercial building includes 5,500 SF on the first floor featuring garages and service bays, with an additional 2,255 SF of residential space on the second floor. The property totals 7,755 SF and sits on 13,504 SF of land.
Located just east of Fort St on Ford Ave near Northline, the building is positioned on a busy commercial corridor. The property is zoned C-2: Commercial Business.
For investors or owner-operators, the existing layout supports automotive/service operations below while maintaining residential space above, offering two income-producing components within a single building footprint.
Located just east of Fort St on Ford Ave near Northline, the building is positioned on a busy commercial corridor. The property is zoned C-2: Commercial Business.
For investors or owner-operators, the existing layout supports automotive/service operations below while maintaining residential space above, offering two income-producing components within a single building footprint.
Key Highlights
- 7,755 SF mixed‑use commercial building in Wyandotte with first‑floor garages/service bays and second‑floor residential space
- First floor offers 5,500 SF of garages and service bays
- Second floor includes 2,255 SF of residential space
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 | $59.6k | $7.68 |
| − Vacancy | −$2.2k | −$0.28 |
| EGI | $57.4k | $7.40 |
| − OpEx | −$17.2k | −$2.22 |
| NOI | $40.1k | $5.18 |
7,755 SF · lease $7.68/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Mixed Use
$1.32M
$1.15M – $1.54M
NOI $92,129 @ 7.0% cap · market cap 15.35%
Second Best
Retail
$1.05M
$918.5K – $1.22M
NOI $73,480 @ 7.0% cap · market cap 12.25%
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,505 @ 7.0% cap · market cap 16.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with first-floor garages and service bays plus 2,255 SF of residential space on the second floor.
Where is this mixed-use property located?
The property is located at 2121 Ford Ave Wyandotte, 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: 7,755 SF mixed‑use commercial building in Wyandotte with first‑floor garages/service bays and second‑floor residential space; First floor offers 5,500 SF of garages and service bays; Second floor includes 2,255 SF of residential space
