Block Auto Shop
For Sale
$120,000
20901 E Fenkell Avenue E, Detroit, MI 48223
COMMERCIAL - Detroit, MI
Property Size1,751 SF
Lot Size0.09 Acres
Price / SF$68.53
Days on Market11
Property Features for 20901 E Fenkell Avenue E
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Basement, Bathroom 1
Subdivision
B E Taylors Brightmoor-Hendry
Elementary school
Abbot Elementary School
Middle school
Abbot Elementary School
High school
Adams High School
Elementary school district
Detroit
Middle school district
Detroit
High school district
Detroit
Directions
From 1-96 to Grand River to Burt Street to Fenkell Street.
Standard status
Active
APN
W22I010867S
Size
1,751 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
S FENKELL 1&2 B E TAYLORS BRIGHTMOOR-HENDRY SUB L44 P44 PLATS, W C R 22/492 40.85 X 100
Tax Annual Amount
2026
Legal Description
S FENKELL 1&2 B E TAYLORS BRIGHTMOOR-HENDRY SUB L44 P44 PLATS, W C R 22/492 40.85 X 100
Utilities
Utilities
Cable Available
Heating system
Hot Water(Heating)
Water front
1
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Building materials
Block
Roof type
Rubber
Listing Agency:
Big Real Estate LLC
(248) 515-4700
Listed By:
Martin Anumba
(248) 571-9673
Added: Jul 28
Changed: Aug 4
Last Checked: Aug 7 at 4:06AM
MLS# 26038870
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This block construction auto shop building includes a basement and one bathroom. The property has hot water heating and a rubber roof, with cable available for utilities. Built in 1940, the structure is positioned to support a range of light automotive and related commercial uses.
The lot is 0.09 acres and the property size is 1,751 square feet. The listing is for sale and is intended to be rented out.
With its existing mechanical and interior layout elements, the space can be evaluated for an automotive-oriented tenant concept, including mechanic and car wash operations or other compatible retail use. Prospective tenants should confirm all intended uses and requirements for their specific operation.
The lot is 0.09 acres and the property size is 1,751 square feet. The listing is for sale and is intended to be rented out.
With its existing mechanical and interior layout elements, the space can be evaluated for an automotive-oriented tenant concept, including mechanic and car wash operations or other compatible retail use. Prospective tenants should confirm all intended uses and requirements for their specific operation.
Key Highlights
- Block construction with basement and Bathroom 1
- Hot water heating
- Rubber roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,516
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$170,320
$170.3K
Cap Rate 7%
$121,657
$121.7K
Cap Rate 9%
$94,622
$94.6K
Market Conditions
NOI Build-Up for 1,751 SF
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.
Gross rent
$12.8K $7.32/SF
− Vacancy
−$651 −$0.37/SF
EGI
$12.2K $6.95/SF
− OpEx
−$3.6K −$2.08/SF
NOI
$8.5K $4.86/SF
Area
Detroit, MI
Vacancy
5.08%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$170,320
Cap Rate 7%
$121,657
Cap Rate 9%
$94,622
Alternative Uses
Best Use
Specialty Retail
$330.1K
$288.8K – $385.1K
NOI $23,107 @ 7.0% cap · market cap 19.26%
Second Best
Retail
$308.1K
$269.6K – $359.5K
NOI $21,567 @ 7.0% cap · market cap 17.97%
Theoretical Best
Office A
$386.3K
$338.0K – $450.7K
NOI $27,039 @ 7.0% cap · market cap 22.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48223, MI
22,956
Population
11,264
Households
2
Avg Household Size
36
Median Age
19%
College-Educated
91%
High-School Grad
6.1 sq mi
ZIP Area
3,763
Density / Sq Mi
$42,324
Median Household Income
$30,119
Median Earnings
$1,013
Median Rent
$87,700
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
- R&R mobile mechanic 24/7 roadside — 14337 Dacosta St, Detroit, MI 48223
- Atlas Collision — 22047 Fenkell Ave, Detroit, MI 48223
- Forbidden Wheels Inc — 21607 Fenkell Ave, Detroit, MI 48223
- Ayden's Collision — 22063 Fenkell Ave, Detroit, MI 48223
- detroittowing.com LLC — 14350 Dolphin St, Detroit, MI 48223
Frequently Asked Questions
What type of property is this?
Auto shop - Block auto shop building with hot water heat and rubber roof, plus a basement and one bathroom.
Where is this auto shop located?
The property is located at 20901 E Fenkell Avenue E Detroit, MI.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Block construction with basement and Bathroom 1; Hot water heating; Rubber roof
