Auto Shop with Overhead
161 N Groesbeck Highway, Macomb, MI 48043
For Sale
New
Contact for pricing
A customer lobby and separate office complement the vehicle-service workspace.
Property Size1,500 SF
Price / SF$1.47
Days on Market2
Property Features for 161 N Groesbeck Highway
General Information
Standard status
Size
Site & Location
Highway Access
Road Access
Additional Details
Automotive Uses
Real Estate Included
Amenities
lobby area
private office
overhead garage doors
Listing Agency:
Professional Leasing & Sales LLC
Listed By:
Joseph Fanelli · License #6501465510
(586) 615-9813
Source:
Brendaharrisgroup
Added: Nov 6
Last Checked: Nov 6 at 2:50PM
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 Professional Leasing & Sales LLC
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.
The 1,500-square-foot auto shop includes a customer lobby, a private office, and tall overhead doors for bringing vehicles inside. Potential services identified for the space include window tinting, vinyl wraps, ceramic coating, and high-end detailing; mechanical work is not permitted because of conflicts with other tenants.
The property is at 161 N Groesbeck Highway in Macomb, Michigan.
The property is at 161 N Groesbeck Highway in Macomb, Michigan.
Key Highlights
- 1,500‑square‑foot auto shop
- Tall overhead doors provide vehicle access into the workspace
- Includes a customer lobby and private office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,088
Suggested Prices Based on Cap Rates
Cap Rate 5%
$161,760
$161.8K
Cap Rate 7%
$115,543
$115.5K
Cap Rate 9%
$89,867
$89.9K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$12.2K $8.16/SF
− Vacancy
−$685 −$0.46/SF
EGI
$11.6K $7.70/SF
− OpEx
−$3.5K −$2.31/SF
NOI
$8.1K $5.39/SF
Area
Macomb County, MI
Vacancy
5.60%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$161,760
Cap Rate 7%
$115,543
Cap Rate 9%
$89,867
Alternative Uses
Best Use
Retail
$158.4K
$138.6K – $184.8K
NOI $11,088 @ 7.0% cap · market cap 504.23%
Second Best
Industrial
$115.5K
$101.1K – $134.8K
NOI $8,088 @ 7.0% cap · market cap 367.80%
Theoretical Best
Specialty Retail
$280.8K
$245.7K – $327.6K
NOI $19,658 @ 7.0% cap · market cap 893.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,333
Businesses Nearby
31k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 90%
Dining 10%
Shell
Shops & Services
13,140 visits/mo
0.4 miles
Mobil
Shops & Services
5,508 visits/mo
0.2 miles
Huntington Bank
Shops & Services
3,790 visits/mo
0.3 miles
Fifth Third Bank & ATM
Shops & Services
3,069 visits/mo
0.1 miles
Happy's Pizza
Dining
3,003 visits/mo
0.5 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
$169,000
Median Home Value
Market
Average Price Trend$/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
- Redline Automotive Services Center — 310 Southbound Gratiot Ave, Mt Clemens, MI 48043
- Pernell Auto Collection Inc. — 265 Southbound Gratiot Ave, Mt Clemens, MI 48043
- VIP Wheel & Tire Service — 94 Northbound Gratiot Ave, Mt Clemens, MI 48043
- Wright auto — 94 Northbound Gratiot Ave, Mt Clemens, MI 48043
- Auto Parts and Repairable Vehicles — 77 Gratiot Ave, Mt Clemens, MI 48043
Frequently Asked Questions
What type of property is this?
Auto shop - A customer lobby and separate office complement the vehicle-service workspace.
Where is this auto shop located?
The property is located at 161 N Groesbeck Highway Macomb, MI.
What are key features of this property?
This property features: 1,500‑square‑foot auto shop; Tall overhead doors provide vehicle access into the workspace; Includes a customer lobby and private office
