Turnkey Auto
New
For Sale
$250,000
2355 Fort Street, Wyandotte, MI 48192
Turnkey auto dealership includes office space and parking capacity for 100+ vehicles in a high-traffic commercial corridor.
Days on Market7
Property Features for 2355 Fort Street
General Information
Standard status
Active
Total Parking Spaces
100
Property subtype
Commercial
Additional Details
Furnished
Yes
Business Included
Yes
Building Details
Building Size
1,040 SF
Year Built
1975
Listing Agency:
Keller Williams Legacy
(313) 482-8893
Listed By:
Hiam Harb
Source:
Thebrokeragehouse
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 31 at 1:25PM
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 Keller Williams Legacy
Investment Insights
Based on property information with market context.
This turnkey auto dealership is offered for sale as a fully operational business. The property includes a professional office and a parking capacity for 100+ vehicles, supporting dealer inventory and customer parking needs. The dealership is positioned as ready for a seamless transition to a new owner with established operations in place.
The business is located on a busy commercial corridor with high visibility and exposure.
The sale includes established financing relationships with Westlake Financial, Credit Acceptance, Western Funding, and Agora Data, providing customers with multiple financing options.
The business is located on a busy commercial corridor with high visibility and exposure.
The sale includes established financing relationships with Westlake Financial, Credit Acceptance, Western Funding, and Agora Data, providing customers with multiple financing options.
Key Highlights
- Turnkey, fully operational auto dealership built in 1975
- Parking capacity for 100+ vehicles
- Includes a professional office
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 | $15.0k | $14.40 |
| − Vacancy | −$899 | −$0.86 |
| EGI | $14.1k | $13.54 |
| − OpEx | −$4.2k | −$4.06 |
| NOI | $9.9k | $9.48 |
1,040 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$140.8K
$123.2K – $164.2K
NOI $9,854 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$192.5K
$168.5K – $224.6K
NOI $13,478 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
115k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Dining 31%
Groceries 21%
Home Improvements & Furnishings 4%
Aldi
Groceries
23,867 visits/mo
0.4 miles
Taco Bell
Dining
19,257 visits/mo
0.5 miles
Citgo
Shops & Services
12,883 visits/mo
0.3 miles
Chase Bank
Shops & Services
11,383 visits/mo
0.4 miles
7-Eleven
Shops & Services
9,848 visits/mo
0.4 miles
Demographics for 48192, MI
25,058
Population
11,441
Households
2.2
Avg Household Size
42
Median Age
21%
College-Educated
91%
High-School Grad
5.3 sq mi
ZIP Area
4,728
Density / Sq Mi
$67,846
Median Household Income
$42,999
Median Earnings
$995
Median Rent
$159,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - Turnkey auto dealership includes office space and parking capacity for 100+ vehicles in a high-traffic commercial corridor.
Where is this showroom located?
The property is located at 2355 Fort Street Wyandotte, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Turnkey, fully operational auto dealership built in 1975; Parking capacity for 100+ vehicles; Includes a professional office
