Six-Bay Automotive Service
16550 Wilson Ave Eastpointe, MI 48021
New
16550 Wilson Ave, Eastpointe, MI, 48021
$265,000
For Sale
$265,000
Fully occupied 6-bay masonry auto service building with office/reception, paved parking, and fenced rear storage.
Property Size2,850 SF
Lot Size0.24 Acres
Price / SF$92.98
Days on Market3
Property Features for 16550 Wilson Ave
General Information
- Standard status
- Active
- Size
- 2,850 SF
- Lot size
- 0.24 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1986
Listing Agency
(248) 963-7048
Listed by
Erick Howard · License #6501396565
(248) 963-7048
Source
Elliman
Added: Jul 16 Checked: Jul 18 at 1:30 am
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 Erick Howard
Investment Insights
Based on property information with market context.
This fully occupied masonry automotive service building was built in 1986 and totals 2,850 square feet. The layout includes six overhead service bays, a dedicated office/reception area, and a customer entrance. There is paved parking in front and a fenced rear storage area, supporting day-to-day operations for multiple vehicles.
The property is configured as two separate operating spaces. One side is leased to a window tinting company for $850 per month, and the other side is leased to an automotive repair shop for $950 per month, providing current rental income under in-place tenants.
Located in Eastpointe, the building is described as minutes from Gratiot Avenue and I-94, offering convenient regional access for customers and service vehicles. The site sits on a 10,454-square-foot lot.
The property is configured as two separate operating spaces. One side is leased to a window tinting company for $850 per month, and the other side is leased to an automotive repair shop for $950 per month, providing current rental income under in-place tenants.
Located in Eastpointe, the building is described as minutes from Gratiot Avenue and I-94, offering convenient regional access for customers and service vehicles. The site sits on a 10,454-square-foot lot.
Key Highlights
- 2,850 SF masonry commercial auto service building built in 1986 on a 10,454 SF lot
- Six overhead service bays for vehicle service and repair operations
- Front office and reception area with a customer entrance
Local 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 | $34.2k | $12.00 |
| − Vacancy | −$4.1k | −$1.44 |
| EGI | $30.1k | $10.56 |
| − OpEx | −$9.0k | −$3.17 |
| NOI | $21.1k | $7.39 |
2,850 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$301.0K
$263.3K – $351.1K
NOI $21,067 @ 7.0% cap · market cap 7.95%
Second Best
Industrial
$219.5K
$192.1K – $256.1K
NOI $15,368 @ 7.0% cap · market cap 5.80%
Theoretical Best
Specialty Retail
$533.6K
$466.9K – $622.5K
NOI $37,350 @ 7.0% cap · market cap 14.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Rpm Auto Repair — 16143 E 9 Mile Rd, Eastpointe, MI 48021
- Bestpointe Collision & Auto Care — 22744 Gratiot Ave, Eastpointe, MI 48021
- Johns BS auto repair — 16143 E 9 Mile Rd, Eastpointe, MI 48021
- GOODYEAR Eastpointe Service Center — 16800 E 9 Mile Rd, Eastpointe, MI 48021
- Muffler Man — 22700 Gratiot Ave, Eastpointe, MI 48021
FAQs
What type of property is this?
Auto shop - Fully occupied 6-bay masonry auto service building with office/reception, paved parking, and fenced rear storage.
Where is this auto shop located?
The property is located at 16550 Wilson Ave Eastpointe, MI.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 2,850 SF masonry commercial auto service building built in 1986 on a 10,454 SF lot; Six overhead service bays for vehicle service and repair operations; Front office and reception area with a customer entrance
