7-Bay Auto Repair
1500 Southbound Gratiot Ave, Mount Clemens, MI 48043
For Sale
$499,000
The property includes air conditioning, an alignment rack, and installed vehicle-service equipment.
Property Size3,810 SF
Price / SF$130.97
Days on Market8
Property Features for 1500 Southbound Gratiot Ave
General Information
Standard status
Size
Property subtype
Zoning
Automotive
Service Bays
Automotive Uses
Additional Details
Road Access
Real Estate Included
Amenities
freshly sealed/insulated roof
new AC unit
recently painted exterior
Building Details
Building Size
Buildings
Listing Agency:
Anton, Sowerby & Associates, Inc.
Listed By:
Susan Blanchard · License MI #6501370698
(586) 918-1956
Source:
Cpix.resimplifi
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 5:45PM
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 Anton, Sowerby & Associates, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,810-square-foot automotive repair property has seven service bays, a recently sealed and insulated roof, and a new air-conditioning unit. The exterior has also been repainted. Shop equipment includes two 10K hoists, three 7 k hoists, an alignment rack, a tire changer, a balancer, and a compressor.
The facility is on Gratiot Avenue in Mount Clemens, across from McDonald’s. Its zoning is GC.
The facility is on Gratiot Avenue in Mount Clemens, across from McDonald’s. Its zoning is GC.
Key Highlights
- 3,810 SF auto repair facility
- 7 service bays
- Recently sealed and insulated roof; new AC unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,164
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,280
$563.3K
Cap Rate 7%
$402,343
$402.3K
Cap Rate 9%
$312,933
$312.9K
Market Conditions
NOI Build-Up for 3,810 SF
Gross rent
$45.7K $12.00/SF
− Vacancy
−$5.5K −$1.44/SF
EGI
$40.2K $10.56/SF
− OpEx
−$12.1K −$3.17/SF
NOI
$28.2K $7.39/SF
Area
Macomb County, MI
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,280
Cap Rate 7%
$402,343
Cap Rate 9%
$312,933
Alternative Uses
Best Use
Retail
$402.3K
$352.1K – $469.4K
NOI $28,164 @ 7.0% cap · market cap 5.64%
Second Best
Industrial
$264.7K
$231.6K – $308.9K
NOI $18,531 @ 7.0% cap · market cap 3.71%
Theoretical Best
Specialty Retail
$713.3K
$624.1K – $832.2K
NOI $49,931 @ 7.0% cap · market cap 10.01%
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
7
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
70k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 80%
Shops & Services 18%
Electronics 2%
McDonald's
Dining
18,209 visits/mo
0.1 miles
Taco Bell
Dining
12,210 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
7,194 visits/mo
0.1 miles
Wendy's
Dining
7,105 visits/mo
0.1 miles
Burger King
Dining
5,211 visits/mo
0.2 miles
Demographics for 48043, MI
15,665
Population
7,059
Households
2.2
Avg Household Size
41
Median Age
18%
College-Educated
88%
High-School Grad
4.1 sq mi
ZIP Area
3,821
Density / Sq Mi
$57,315
Median Household Income
$37,683
Median Earnings
$896
Median Rent
$169,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Auto shops in Macomb County, MI
Properties on Market for Auto shops in Macomb County
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Stonewall Collision & Auto Painting — 38141 Southbound Gratiot Ave, Clinton Twp, MI 48036
- Auto Pro Diagnostic & Complete Auto Repair — clinton twp, mi 48036
- Auto Fix — 1451 Southbound Gratiot Ave, Clinton Twp, MI 48036
- European Fix Of Clinton Township — 1447 Southbound Gratiot Ave, Clinton Twp, MI 48036
- global one automotive repair — 1223 Southbound Gratiot Ave, Clinton Twp, MI 48036
Frequently Asked Questions
What type of property is this?
Auto shop - The property includes air conditioning, an alignment rack, and installed vehicle-service equipment.
Where is this auto shop located?
The property is located at 1500 Southbound Gratiot Ave Mount Clemens, MI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 3,810 SF auto repair facility; 7 service bays; Recently sealed and insulated roof; new AC unit
