Turnkey Auto Repair
For Sale
$344,900
13118 Gratiot Avenue, Detroit, MI 48205
COMMERCIAL - Detroit, MI
Property Size4,468 SF
Lot Size0.45 Acres
Price / SF$77.19
Days on Market46
Property Features for 13118 Gratiot Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial, Industrial
Subdivision
TAYLOR PARK (PLATS)
Standard status
Active
APN
W21I028673C81
Size
4,468 SF
Lot size
0.45 Acres
Utilities
Heating system
Forced Air
Cooling system
Ceiling Fan(s)
Water source
Public
Amenities
4 oversized 10' roll-up doors
Separate forced-air heating units
Large fenced lot
Building Details
Year built
1945
Listing Agency:
Century 21 Professionals · Century 21 Real Estate
(586) 731-8180
Listed By:
Ahmed Arafa · License #6506048224
(586) 215-1208
Added: Jun 25
Changed: Aug 6
Last Checked: Aug 9 at 10:06PM
MLS# 50212775
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey automotive service center is set up for full-scope mechanical work, with four oversized 10' roll-up doors providing direct shop access. The facility includes five hydraulic car lifts, approximately 5 to 7 years old, along with newer tools and equipment included. Separate forced-air heating units serve both the shop and the lobby, supporting year-round operations. Outside, a large fenced lot provides room for parking and storage, complementing the shop’s drive-in functionality.
The property is located at 13118 Gratiot Avenue in Detroit, in a high-traffic, high-visibility area. The combination of shop drive-through access and an enclosed yard is designed to support vehicle-focused businesses that need both interior bays and outdoor staging.
Buyers have flexibility to operate as a transmission shop, brake shop, general auto repair facility, or used car dealership, based on the improvements already in place. The business and property are offered for sale as a turnkey operation, with showings by appointment only.
The property is located at 13118 Gratiot Avenue in Detroit, in a high-traffic, high-visibility area. The combination of shop drive-through access and an enclosed yard is designed to support vehicle-focused businesses that need both interior bays and outdoor staging.
Buyers have flexibility to operate as a transmission shop, brake shop, general auto repair facility, or used car dealership, based on the improvements already in place. The business and property are offered for sale as a turnkey operation, with showings by appointment only.
Key Highlights
- Established auto repair and transmission shop business available with real estate, with 40+ years of successful operation.
- Shop features 4 oversized 10' roll‑up doors and 5 hydraulic car lifts (approximately 5–7 years old).
- Separate forced‑air heating units for the shop and the lobby, plus ceiling fan(s) for cooling.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,731
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$434,620
$434.6K
Cap Rate 7%
$310,443
$310.4K
Cap Rate 9%
$241,456
$241.5K
Market Conditions
NOI Build-Up for 4,468 SF
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.
Gross rent
$32.7K $7.32/SF
− Vacancy
−$1.7K −$0.37/SF
EGI
$31.0K $6.95/SF
− OpEx
−$9.3K −$2.08/SF
NOI
$21.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$434,620
Cap Rate 7%
$310,443
Cap Rate 9%
$241,456
Alternative Uses
Best Use
Retail
$786.2K
$687.9K – $917.2K
NOI $55,032 @ 7.0% cap · market cap 15.96%
Second Best
Industrial
$310.4K
$271.6K – $362.2K
NOI $21,731 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$985.7K
$862.5K – $1.15M
NOI $68,996 @ 7.0% cap · market cap 20.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Service bays
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
45k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 33%
McDonald's
Dining
17,931 visits/mo
0.5 miles
Exxon
Shops & Services
11,907 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
7,629 visits/mo
0.5 miles
Domino's Pizza
Dining
4,514 visits/mo
0.3 miles
Exxon
Shops & Services
2,738 visits/mo
0.1 miles
Demographics for 48205, MI
34,056
Population
17,102
Households
2
Avg Household Size
32
Median Age
9%
College-Educated
85%
High-School Grad
6.4 sq mi
ZIP Area
5,321
Density / Sq Mi
$40,612
Median Household Income
$30,833
Median Earnings
$1,149
Median Rent
$55,700
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Turnkey automotive service center with multiple roll-up doors, hydraulic lifts, and a fenced yard for repair and storage operations.
Where is this auto shop located?
The property is located at 13118 Gratiot Avenue Detroit, MI.
What is the asking price?
The asking price for this property is $344,900.
What are key features of this property?
This property features: Established auto repair and transmission shop business available with real estate, with 40+ years of successful operation.; Shop features 4 oversized 10' roll‑up doors and 5 hydraulic car lifts (approximately 5–7 years old).; Separate forced‑air heating units for the shop and the lobby, plus ceiling fan(s) for cooling.
