Automotive Service Shop with
13145 Woodward Ave, Highland Park, MI 48203
For Sale
$349,999
Operating automotive service business with gated fencing, transferred equipment, tire inventory, and an established customer base.
Property Size5,974 SF
Price / SF$58.59
Days on Market48
Property Features for 13145 Woodward Ave
General Information
Standard status
Size
Site & Location
Highway Access
Road Access
Fenced Yard
Additional Details
Business Included
Service Bays
Amenities
3 bathrooms
Building Details
Year Built
Listing Agency:
Keller Williams Legacy
Listed By:
Michael M Phillips · License #6502387592
(313) 403-0011
Source:
Katie-k
Added: Sep 21
Changed: Oct 26
Last Checked: Nov 6 at 12:29PM
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 Keller Williams Legacy
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Investment Insights
Based on property information with market context.
This operating automotive service business includes a functional shop setup with 6 hoists, 3 bathrooms, and gated fencing. The sale includes approximately 205 tires, a Summit large mobile rolling mechanic's tool chest/tool cabinet, and four 55-gallon drums/barrels fitted with fluid dispensing pumps and hoses. The business has been operated by the current owner for 4 years and maintains a regular schedule from Monday–Friday, 9:00 AM–6:00 PM, and Saturday, 9:00 AM–5:00 PM.
The property is located at 13145 Woodward Avenue in Highland Park, along Woodward Avenue (M-1). Access is available to I-75, M-8/Davison Freeway, M-10/Lodge Freeway, and I-94, connecting the operation with Highland Park, Detroit, and surrounding communities. The business has also accumulated 700+ Google reviews and serves a repeat customer base.
The property is located at 13145 Woodward Avenue in Highland Park, along Woodward Avenue (M-1). Access is available to I-75, M-8/Davison Freeway, M-10/Lodge Freeway, and I-94, connecting the operation with Highland Park, Detroit, and surrounding communities. The business has also accumulated 700+ Google reviews and serves a repeat customer base.
Key Highlights
- 6 hoists and 3 bathrooms in the automotive service setup
- Approximately 205 tires included in inventory
- Gated fencing supports the operating shop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,928
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,560
$618.6K
Cap Rate 7%
$441,829
$441.8K
Cap Rate 9%
$343,644
$343.6K
Market Conditions
NOI Build-Up for 5,974 SF
Gross rent
$45.9K $7.68/SF
− Vacancy
−$1.7K −$0.28/SF
EGI
$44.2K $7.40/SF
− OpEx
−$13.3K −$2.22/SF
NOI
$30.9K $5.18/SF
Area
Wayne County, MI
Vacancy
3.70%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,560
Cap Rate 7%
$441,829
Cap Rate 9%
$343,644
Alternative Uses
Best Use
Retail
$808.6K
$707.6K – $943.4K
NOI $56,605 @ 7.0% cap · market cap 16.17%
Second Best
Industrial
$441.8K
$386.6K – $515.5K
NOI $30,928 @ 7.0% cap · market cap 8.84%
Theoretical Best
Specialty Retail
$1.11M
$967.8K – $1.29M
NOI $77,423 @ 7.0% cap · market cap 22.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
6
Service bays
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
376
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Electronics 18%
Comerica Bank
Shops & Services
2,195 visits/mo
0.4 miles
Citgo
Shops & Services
2,052 visits/mo
0.4 miles
Marathon Petroleum
Shops & Services
1,382 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
1,238 visits/mo
0.4 miles
Demographics for 48203, MI
22,168
Population
13,591
Households
1.6
Avg Household Size
39
Median Age
19%
College-Educated
85%
High-School Grad
8.2 sq mi
ZIP Area
2,703
Density / Sq Mi
$35,108
Median Household Income
$28,364
Median Earnings
$799
Median Rent
$76,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Auto shops in Wayne County, MI
Properties on Market for Auto shops in Wayne County
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Highland Park Auto Services — 16070 Woodward Ave, Highland Park, MI 48203
- Bill Snethkamp Collision Center — 16322 Woodward Ave, Highland Park, MI 48203
- Snethkamp Body Shop — Stevens St, Highland Park, MI 48203
- Bill Snethkamp Chrysler Dodge Jeep Ram — 16400 Woodward Ave, Highland Park, MI 48203
- Samhat Tire & Auto — 256 Ferris St, Highland Park, MI 48203
Frequently Asked Questions
What type of property is this?
Auto shop - Operating automotive service business with gated fencing, transferred equipment, tire inventory, and an established customer base.
Where is this auto shop located?
The property is located at 13145 Woodward Ave Highland Park, MI.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: 6 hoists and 3 bathrooms in the automotive service setup; Approximately 205 tires included in inventory; Gated fencing supports the operating shop
