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Commercial Property with Fenced Lot

1840 LAWNDALE St Detroit, MI 48209

Claim this Listing
For Sale
$150,000

Over 1000 SF commercial space with fenced lot.

Type:Commercial
Property size:
1,000 SF
Price / SF:
$150/SF
Added:
May 15, 2026
Days on Market:
59
Last Refresh:
Jul 2 at 4:14 pm

Property Features for 1840 LAWNDALE St

General Information

Standard status
Active
Size
1,000 SF
Property subtype
Commercial

Building Details

Year Built
1942

Listing office Munoz Realty Inc

Listing date May 15, 2026

Source Elliman

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 Munoz Realty Inc


Investment Insights

Based on property information with market context.

This commercial property offers over 1000 square feet of space and includes a fenced lot. According to city records, the last registered use for the property was as a body shop. The location has a bike score of 58, indicating it is bikeable. The walk score is 67, meaning it is somewhat walkable, and the transit score is 36, suggesting some transit options are available. The property presents an opportunity for business ownership with many different options.

Key Highlights

  • Over 1000 square feet of space
  • Fenced lot
  • Opportunity to have your own business

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 $18.6k $18.60
− Vacancy −$1.0k −$1.00
EGI $17.6k $17.60
− OpEx −$5.3k −$5.28
NOI $12.3k $12.32
1,000 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%

Alternative Uses

Best Use
Retail
$176.0K
$154.0K – $205.3K (±1% cap)
NOI $12,317 @ 7.0% cap · market cap 8.21%
Second Best
Industrial
$69.5K
$60.8K – $81.1K (±1% cap)
NOI $4,864 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$220.6K
$193.0K – $257.4K (±1% cap)
NOI $15,442 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

Law Firm Real Estate Agency Daycare Center HVAC Service Electrical Service Skin Care Clinic Accounting Firm (Bike/Boat/Book/etc) Store Acupuncture Kitchen & Bath Showroom

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Pit Stop Auto Repair — 9697 W Fort St, Detroit, MI 48209
  • Metro Truck Tires — 8150 W Fort St, Detroit, MI 48209
  • A 1 Towing & Cash For Junk Cars — 9101 W Fort St, Detroit, MI 48209
  • Roadside Mechanic LLC — 9216 Melville St, Detroit, MI 48209
  • Reliable Resource Automotive LLC — 8955 Thaddeus St, Detroit, MI 48209

FAQs

What type of property is this?
Auto shop - Over 1000 SF commercial space with fenced lot.
Where is this auto shop located?
The property is located at 1840 LAWNDALE St Detroit, MI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Over 1000 square feet of space; Fenced lot; Opportunity to have your own business
Contact an agent
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