Updated Commercial Property in
For Sale
$500,000
20011 John R St, Detroit, MI 48203
Turnkey investment opportunity with established business and real estate.
Property Size4,143 SF
Price / SF$120.69
Days on Market101
Property Features for 20011 John R St
General Information
Standard status
Active
Size
4,143 SF
Property subtype
Commercial
Building Details
Year Built
1947
Listing Agency:
(586) 843-4505
Listed By:
Karly Hirmiz
(586) 843-4505
Source:
Elliman
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 31 at 10:39AM
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 Karly Hirmiz
Investment Insights
Based on property information with market context.
A commercial property in Detroit offers an opportunity to own a fully updated building with an established presence. The 4,143 square foot building was fully demolished and rebuilt in 2012, including major mechanical upgrades to the HVAC, electrical, and structural systems. The business holds credentials including auto parts dealer, used dealer, salvage, body & collision, and auto repair licenses. The location, just south of 8 Mile road, enhances customer flow and provides an efficient layout that supports retail, storage, and service needs. The property has a walk score of 55, indicating it is somewhat walkable, and a bike score of 46, indicating it is somewhat bikeable. This property is suitable for an owner-operator or investor.
Key Highlights
- Turnkey investment opportunity including both business and real estate.
- Fully updated 4,143 sqft building rebuilt in 2012.
- Multiple business licenses: auto parts dealer, used dealer, salvage, body & collision, and auto repair.
Financial Insights For Industrial
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 | $30.3k | $7.32 |
| − Vacancy | −$1.5k | −$0.37 |
| EGI | $28.8k | $6.95 |
| − OpEx | −$8.6k | −$2.08 |
| NOI | $20.2k | $4.86 |
4,143 SF · lease $7.32/SF/yr · vacancy 5.08% · expense 30.00%
Alternative Uses
Best Use
Retail
$729.0K
$637.9K – $850.5K
NOI $51,029 @ 7.0% cap · market cap 10.21%
Second Best
Industrial
$287.9K
$251.9K – $335.8K
NOI $20,150 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$914.0K
$799.7K – $1.07M
NOI $63,977 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,660
Businesses Nearby
65k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 26%
Apparel 18%
White Castle
Dining
14,009 visits/mo
0.4 miles
BP
Shops & Services
12,413 visits/mo
0.2 miles
BP
Shops & Services
11,542 visits/mo
0.1 miles
Carhartt
Apparel
11,364 visits/mo
0.2 miles
Barnes & Noble
Shops & Services
10,023 visits/mo
0.5 miles
Demographics for 48203, MI
22,168
Population
13,591
Households
1.6
Avg Household Size
39
Median Age
19%
College-Educated
85%
High-School Grad
8.2 sq mi
ZIP Area
2,703
Density / Sq Mi
$35,108
Median Household Income
$28,364
Median Earnings
$799
Median Rent
$76,100
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Budget Truck Rental — 871 8 Mile Rd, Hazel Park, MI 48030
Frequently Asked Questions
What type of property is this?
Automotive property - Turnkey investment opportunity with established business and real estate.
Where is this automotive property located?
The property is located at 20011 John R St Detroit, MI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Turnkey investment opportunity including both business and real estate.; Fully updated 4,143 sqft building rebuilt in 2012.; Multiple business licenses: auto parts dealer, used dealer, salvage, body & collision, and auto repair.
