Turnkey Tire Shop
20045 Conant Street Unit SourceFi Detroit, MI 48234
20045 Conant Street Unit SourceFi, Detroit, MI, 48234
$480,000
For Sale
$480,000
Fully equipped tire shop with an operationally functional layout ready for immediate ownership.
Property Size1,814 SF
Price / SF$264.61
Days on Market144
Property Features for 20045 Conant Street Unit SourceFi
General Information
- Standard status
- Active
- Size
- 1,814 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing agency
Luxury Realty
(586) 443-0212
Listed by
Anmar Kinah
(586) 443-0212
Source
Xome
Added: Feb 28 Updated: Jul 18 at 2:06AM Checked: Jul 21 at 3:10AM
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 Luxury Realty
Investment Insights
Based on property information with market context.
This fully equipped tire shop is presented as a turnkey operation, designed for a new owner to assume day-to-day operations with the facility already outfitted for tire service work. The property is configured with an operationally functional layout intended to support efficient workflow.
Located at 20045 Conant Street Unit SourceFi in Detroit, the shop benefits from placement in a high-traffic area, with strong visibility to passing customers.
The business is described as having developed a loyal, repeat customer base intended to support consistent demand, with the offering positioned for both an owner-operator and an investor seeking an established, performing retail service asset.
Located at 20045 Conant Street Unit SourceFi in Detroit, the shop benefits from placement in a high-traffic area, with strong visibility to passing customers.
The business is described as having developed a loyal, repeat customer base intended to support consistent demand, with the offering positioned for both an owner-operator and an investor seeking an established, performing retail service asset.
Key Highlights
- Fully equipped tire shop configured for immediate operations by a new owner
- Lot dimensions: 125,159
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 | $33.7k | $18.60 |
| − Vacancy | −$1.8k | −$1.00 |
| EGI | $31.9k | $17.60 |
| − OpEx | −$9.6k | −$5.28 |
| NOI | $22.3k | $12.32 |
1,814 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$319.2K
$279.3K – $372.4K
NOI $22,343 @ 7.0% cap · market cap 4.65%
Second Best
Industrial
$126.0K
$110.3K – $147.1K
NOI $8,823 @ 7.0% cap · market cap 1.84%
Theoretical Best
Office A
$400.2K
$350.2K – $466.9K
NOI $28,012 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
J & C Tire ...
Auto Parts Store
C&K Masters Collision ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Phillips Tire Service — seven mile e, detroit, mi 48203
- Hayz Auto Repair — 1900 Seven Mile E, Detroit, MI 48234
- Crown Auto Service — 2700 Seven Mile E, Detroit, MI 48234
- Mechanic Zone Inc — 3001 Seven Mile E, Detroit, MI 48234
- Star Brake Auto Repair — 1900 Seven Mile E, Detroit, MI 48234
FAQs
What type of property is this?
Auto shop - Fully equipped tire shop with an operationally functional layout ready for immediate ownership.
Where is this auto shop located?
The property is located at 20045 Conant Street Unit SourceFi Detroit, MI.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Fully equipped tire shop configured for immediate operations by a new owner; Lot dimensions: 125,159
