Mechanic Shop and Coin Car
For Sale
Contact for pricing
14201 Wyoming St, Detroit, MI 48238
Multi-bay mechanic shop, 7-bay coin car wash, and additional vacant retail space available for lease.
Property Size14,000 SF
Price / SF$107.14
Days on Market1661
Property Features for 14201 Wyoming St
General Information
Standard status
Active
Size
14,000 SF
Property subtype
RETAIL
Additional Details
Traffic Count
23,600 vehicles/day
Listing Agency:
First Commercial Realty & Development Inc.
(248) 417-7936
Listed By:
Jordan Banks · License #6501420153
(248) 417-7936
Source:
Moodyscre
Added: Jan 13, 2022
Changed: Jul 28
Last Checked: Jul 31 at 1:12PM
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 First Commercial Realty & Development Inc.
Investment Insights
Based on property information with market context.
This property combines three business uses: an auto shop, a coin-operated car wash, and commercial space available for lease. The mechanic shop is 7,800 SF with six bays, six lifts, and a new Hunter alignment machine. The car wash component is a 7-bay coin-operated system.
An additional 3,900 SF of vacant space is available for lease, previously operated as a Boost Mobile store and a convenience store. The property is located on Wyoming Street, with reported traffic of 23,600 vehicles per day.
The existing configuration supports both vehicle service and customer car wash operations, with separate leaseable space for a retail or service tenant.
An additional 3,900 SF of vacant space is available for lease, previously operated as a Boost Mobile store and a convenience store. The property is located on Wyoming Street, with reported traffic of 23,600 vehicles per day.
The existing configuration supports both vehicle service and customer car wash operations, with separate leaseable space for a retail or service tenant.
Key Highlights
- 7,800 SF mechanic shop with 6 bays and 6 lifts
- Includes new Hunter alignment machine for vehicle service
- 7‑bay coin‑operated car wash on‑site
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 | $102.5k | $7.32 |
| − Vacancy | −$5.2k | −$0.37 |
| EGI | $97.3k | $6.95 |
| − OpEx | −$29.2k | −$2.08 |
| NOI | $68.1k | $4.86 |
14,000 SF · lease $7.32/SF/yr · vacancy 5.08% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$2.64M
$2.31M – $3.08M
NOI $184,754 @ 7.0% cap · market cap 12.32%
Second Best
Retail
$2.46M
$2.16M – $2.87M
NOI $172,437 @ 7.0% cap · market cap 11.50%
Theoretical Best
Office A
$3.09M
$2.70M – $3.60M
NOI $216,192 @ 7.0% cap · market cap 14.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
23,600 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Electronics 16%
Sunoco
Shops & Services
6,109 visits/mo
0.3 miles
Metro by T-Mobile
Electronics
1,162 visits/mo
0.3 miles
Demographics for 48238, MI
25,747
Population
16,341
Households
1.6
Avg Household Size
37
Median Age
13%
College-Educated
84%
High-School Grad
5.4 sq mi
ZIP Area
4,768
Density / Sq Mi
$30,286
Median Household Income
$25,948
Median Earnings
$950
Median Rent
$58,700
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 - Multi-bay mechanic shop, 7-bay coin car wash, and additional vacant retail space available for lease.
Where is this auto shop located?
The property is located at 14201 Wyoming St Detroit, MI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 7,800 SF mechanic shop with 6 bays and 6 lifts; Includes new Hunter alignment machine for vehicle service; 7‑bay coin‑operated car wash on‑site
