Auto Shop with Dealer
For Sale
$550,000
14150 E 8 Mile Rd, Detroit, MI 48205
Updated commercial facility combining used-vehicle sales with automotive repair operations.
Property Size3,200 SF
Price / SF$171.88
Days on Market48
Property Features for 14150 E 8 Mile Rd
General Information
Standard status
Active
Size
3,200 SF
Additional Details
Business Included
Yes
Road Access
Yes
Building Details
Year Built
1962
Listing Agency:
My Realty LLC
Listed By:
Terry Asmar · License #6501408856
(248) 884-2222
Source:
Katie-k
Added: Sep 4
Changed: Oct 3
Last Checked: Oct 7 at 12:54PM
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 My Realty LLC
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Investment Insights
Based on property information with market context.
This commercial property combines a used-car dealership with an automotive repair shop in one updated building. The offering includes the shop, dealer lot, and a dealer license that is available for transfer, supporting continued vehicle sales and repair use. The building was constructed in 1962.
Positioned on E 8 MILE Rd in Detroit, the property has exposure along a main road. Walk Score is 60, described as somewhat walkable, while Bike Score is 51, described as bikeable. The existing configuration brings sales and service functions together within a single automotive property.
Positioned on E 8 MILE Rd in Detroit, the property has exposure along a main road. Walk Score is 60, described as somewhat walkable, while Bike Score is 51, described as bikeable. The existing configuration brings sales and service functions together within a single automotive property.
Key Highlights
- Combined used‑car dealership and automotive repair operation
- Dealer license available and ready for transfer
- Includes repair shop and dealer lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,414
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$788,280
$788.3K
Cap Rate 7%
$563,057
$563.1K
Cap Rate 9%
$437,933
$437.9K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$59.5K $18.60/SF
− Vacancy
−$3.2K −$1.00/SF
EGI
$56.3K $17.60/SF
− OpEx
−$16.9K −$5.28/SF
NOI
$39.4K $12.32/SF
Area
Detroit, MI
Vacancy
5.40%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$788,280
Cap Rate 7%
$563,057
Cap Rate 9%
$437,933
Alternative Uses
Best Use
Retail
$563.1K
$492.7K – $656.9K
NOI $39,414 @ 7.0% cap · market cap 7.17%
Second Best
Industrial
$222.3K
$194.6K – $259.4K
NOI $15,564 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$705.9K
$617.7K – $823.6K
NOI $49,415 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
70k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Shops & Services 37%
Apparel 20%
McDonald's
Dining
17,931 visits/mo
0.2 miles
Family Dollar
Shops & Services
10,202 visits/mo
0.4 miles
BP
Shops & Services
8,076 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
7,629 visits/mo
0.2 miles
Dollar General
Shops & Services
4,700 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Detroit, MI
Similar Off Market Nearby
- Hamburg Auto Care — 12501 E McNichols Rd, Detroit, MI 48205
- Paradise Customs — 12541 E McNichols Rd, Detroit, MI 48205
- Sacar Auto Repair — 12501 E McNichols Rd, Detroit, MI 48205
- Perrino's Auto Repair Inc — 12452 E McNichols Rd, Detroit, MI 48205
- Ray's Quick Lube — 12930 E McNichols Rd, Detroit, MI 48205
Frequently Asked Questions
What type of property is this?
Auto shop - Updated commercial facility combining used-vehicle sales with automotive repair operations.
Where is this auto shop located?
The property is located at 14150 E 8 Mile Rd Detroit, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Combined used‑car dealership and automotive repair operation; Dealer license available and ready for transfer; Includes repair shop and dealer lot
