Detroit Automotive Garage For
For Sale
$144,000
13241 FENKELL Street, Detroit, MI 48227
Three-bay automotive garage in Detroit, approximately 1,500 square feet.
Property Size1,271 SF
Lot Size0.16 Acres
Price / SF$113.30
Days on Market668
Property Features for 13241 FENKELL Street
General Information
Standard status
Active
Size
1,271 SF
Lot size
0.16 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1930
Listing Agency:
Herbert J Hill Realty Real Estate Master
(313) 341-2656
Listed By:
Herbert J Hill Jr · License #6504381646
(313) 341-2656
Source:
Exitrealty
Added: Oct 3, 2024
Changed: Jul 6
Last Checked: Jul 31 at 4:23AM
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 Herbert J Hill Realty Real Estate Master
Investment Insights
Based on property information with market context.
This is a full-service automotive garage located in Detroit. The property features three bays and an estimated 1,500 square feet of garage space. Constructed in 1930, the interior is clean, and the roof is like new. The property is suitable for auto shops, automotive businesses, retail, and other commercial real estate ventures.
Key Highlights
- Three bay full service automotive garage
- Great location in the City of Detroit
- Like‑new roof
Financial Insights For Retail
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 | $17.5k | $13.80 |
| − Vacancy | −$1.5k | −$1.17 |
| EGI | $16.0k | $12.63 |
| − OpEx | −$4.8k | −$3.79 |
| NOI | $11.2k | $8.84 |
1,271 SF · lease $13.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$160.5K
$140.4K – $187.2K
NOI $11,234 @ 7.0% cap · market cap 7.80%
Second Best
Industrial
$88.3K
$77.3K – $103.0K
NOI $6,182 @ 7.0% cap · market cap 4.29%
Theoretical Best
Multifamily LT 5
$206.8K
$180.9K – $241.3K
NOI $14,475 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
19k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 94%
Electronics 6%
Exxon
Shops & Services
7,377 visits/mo
0.4 miles
Marathon Petroleum
Shops & Services
4,637 visits/mo
0.5 miles
BP
Shops & Services
4,093 visits/mo
0.4 miles
Citgo
Shops & Services
1,737 visits/mo
0.2 miles
Boost Mobile
Electronics
1,072 visits/mo
0.4 miles
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 Retail in Detroit, MI
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Dark Knight Roadside Assistance — 14182 meyers rd suite 1, detroit, mi 48227
- Eagle Auto Services — 14295 Schaefer Hwy, Detroit, MI 48227
- Sk Auto Center — 14295 Schaefer Hwy, Detroit, MI 48227
- Touch Tech Collision — 14187 Meyers Rd, Detroit, MI 48227
- Craig's Custom & Collision — 14187 Meyers Rd, Detroit, MI 48227
Frequently Asked Questions
What type of property is this?
Auto shop - Three-bay automotive garage in Detroit, approximately 1,500 square feet.
Where is this auto shop located?
The property is located at 13241 FENKELL Street Detroit, MI.
What is the asking price?
The asking price for this property is $144,000.
What are key features of this property?
This property features: Three bay full service automotive garage; Great location in the City of Detroit; Like‑new roof
