Freestanding Auto Repair
For Sale
$1,000,000
17711 Van Dyke Avenue, Detroit, MI 48234
Auto repair, sales, and service facility with outside storage.
Property Size4,500 SF
Days on Market214
Property Features for 17711 Van Dyke Avenue
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Retail
Building Details
Building Size
4,500 SF
Year Built
1994
Listing Agency:
Legacy Real Estate Advisors
Listed By:
Anthony Manni · License #MI #6501459747
(248) 728-4831
Source:
Legacycrea
Added: Mar 5
Changed: Oct 5
Last Checked: Oct 5 at 3:15PM
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 Legacy Real Estate Advisors
Investment Insights
Based on property information with market context.
This freestanding auto repair, sales, and service facility has operated for 50 years as a family-owned business. The property is zoned M-2 with outside storage. It benefits from dense demographics, with over 9,600 people residing within a 1-mile radius and over 146,400 people within a 3-mile radius. High traffic counts of over 22,600 vehicles pass daily on Van Dyke Ave. The facility includes four overhead doors accommodating multiple service bays. A custom business phone number is included in the sale: 313-365-TIRE. A new roof was completed in 2024 for $22,000, and new building paint was also completed in 2024 for $8,500. A new parking lot (asphalt blacktop) is planned for completion in May 2025 for $22,000. Additional recent upgrades include a new 18,000 lb. truck lift for $19,000 and a new 20HP air compressor & dryer for $13,000.
Key Highlights
- Freestanding Auto Repair, Sales & Service, Tire & Suspension Facility with M‑2 Zoning and Outside Storage
- Established 50‑Year Family‑Owned Business with Proven Track Record
- High Traffic Counts: 22,600+ Vehicles Pass Daily on Van Dyke Ave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,426
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,108,520
$1.1M
Cap Rate 7%
$791,800
$791.8K
Cap Rate 9%
$615,844
$615.8K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$83.7K $18.60/SF
− Vacancy
−$4.5K −$1.00/SF
EGI
$79.2K $17.60/SF
− OpEx
−$23.8K −$5.28/SF
NOI
$55.4K $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%
$1,108,520
Cap Rate 7%
$791,800
Cap Rate 9%
$615,844
Alternative Uses
Best Use
Retail
$791.8K
$692.8K – $923.8K
NOI $55,426 @ 7.0% cap · market cap 5.54%
Second Best
Industrial
$312.7K
$273.6K – $364.8K
NOI $21,887 @ 7.0% cap · market cap 2.19%
Theoretical Best
Office A
$992.7K
$868.6K – $1.16M
NOI $69,490 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
10k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 35%
Citgo
Shops & Services
6,701 visits/mo
0.4 miles
Krispy Krunchy Chicken
Dining
3,612 visits/mo
0.4 miles
Demographics for 48234, MI
31,442
Population
15,688
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
84%
High-School Grad
7.8 sq mi
ZIP Area
4,031
Density / Sq Mi
$36,473
Median Household Income
$31,587
Median Earnings
$965
Median Rent
$57,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Detroit, MI
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Frequently Asked Questions
What type of property is this?
Auto shop - Auto repair, sales, and service facility with outside storage.
Where is this auto shop located?
The property is located at 17711 Van Dyke Avenue Detroit, MI.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Freestanding Auto Repair, Sales & Service, Tire & Suspension Facility with M‑2 Zoning and Outside Storage; Established 50‑Year Family‑Owned Business with Proven Track Record; High Traffic Counts: 22,600+ Vehicles Pass Daily on Van Dyke Ave
