Body Shop with Fenced
1840 LAWNDALE Street Unit SourceFi Detroit, MI 48209
1840 LAWNDALE Street Unit SourceFi, Detroit, MI, 48209
$150,000
For Sale
$150,000
For sale auto shop offering over 1,000 square feet and a fenced lot for vehicle-related operations in Detroit.
Property Size1,017 SF
Price / SF$147.49
Days on Market71
Property Features for 1840 LAWNDALE Street Unit SourceFi
General Information
- Standard status
- Active
- Size
- 1,017 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing Agency
Munoz Realty Inc
(313) 918-6388
Listed by
Gaston Munoz · License #6501354648
(313) 918-6388
Source
Xome
Added: May 10 Checked: Jul 19 at 1:59 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 Munoz Realty Inc
Investment Insights
Based on property information with market context.
This for-sale automotive property includes over 1,000 square feet of space and a fenced lot designed to support vehicle-related use. Public remarks indicate the last use registered with the city was a body shop, providing a workable baseline for an operator looking to continue automotive services.
The property is located at 1840 Lawndale Street in Detroit, MI 48209. It offers multiple options for prospective buyers seeking an automotive-oriented setup with an enclosed yard component.
If you’re exploring an automotive business location, the combination of interior space and a fenced lot may be a practical fit for day-to-day operations consistent with the prior body shop registration.
The property is located at 1840 Lawndale Street in Detroit, MI 48209. It offers multiple options for prospective buyers seeking an automotive-oriented setup with an enclosed yard component.
If you’re exploring an automotive business location, the combination of interior space and a fenced lot may be a practical fit for day-to-day operations consistent with the prior body shop registration.
Key Highlights
- For sale auto shop offering over 1,000 square feet for vehicle‑related operations
- Fenced lot for vehicle‑related use
- Last use registered with the city was a body shop
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 | $18.9k | $18.60 |
| − Vacancy | −$1.0k | −$1.00 |
| EGI | $17.9k | $17.60 |
| − OpEx | −$5.4k | −$5.28 |
| NOI | $12.5k | $12.32 |
1,017 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$178.9K
$156.6K – $208.8K
NOI $12,526 @ 7.0% cap · market cap 8.35%
Second Best
Industrial
$70.7K
$61.8K – $82.4K
NOI $4,946 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$224.4K
$196.3K – $261.8K
NOI $15,705 @ 7.0% cap · market cap 10.47%
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
- Younce Auto Service — 1657 Lawndale 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
- Michigan Wheel & Tire #2 — 9000 Vernor Hwy, Detroit, MI 48209
- Elalteno — 1346 Lawndale St, Detroit, MI 48209
FAQs
What type of property is this?
Auto shop - For sale auto shop offering over 1,000 square feet and a fenced lot for vehicle-related operations in Detroit.
Where is this auto shop located?
The property is located at 1840 LAWNDALE Street Unit SourceFi 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: For sale auto shop offering over 1,000 square feet for vehicle‑related operations; Fenced lot for vehicle‑related use; Last use registered with the city was a body shop
