Automotive Repair and Storage
For Sale
$275,000
2455 W Davison St, Detroit, MI 48238
Automotive-oriented building with a two-year-old roof and warranty, suitable for storage and repair use.
Property Size3,770 SF
Price / SF$72.94
Days on Market566
Property Features for 2455 W Davison St
General Information
Standard status
Active
Size
3,770 SF
Property subtype
Industrial, Retail
Zoning
B4
Site & Location
Neighborhood
North Campau
Building Details
Building Size
3,770 SF
Year Built
1950
Buildings
1
Stories
1
Listing Agency:
Signature Associates - Southfield
Listed By:
Joe Stack
(248) 359-0615
Source:
Cpix.resimplifi
Added: Apr 11, 2025
Changed: Oct 25
Last Checked: Oct 28 at 4:57AM
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 Signature Associates - Southfield
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property is an automotive-oriented building suited for auto storage and repair. Public remarks indicate the roof is approximately two years old and comes with a warranty.
It is listed for sale as a commercial asset in Detroit, MI.
The property size is reported as 3,770 square feet, providing space for automotive storage and repair operations.
It is listed for sale as a commercial asset in Detroit, MI.
The property size is reported as 3,770 square feet, providing space for automotive storage and repair operations.
Key Highlights
- Built in 1950
- 2‑year‑old roof with warranty
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,336
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,720
$366.7K
Cap Rate 7%
$261,943
$261.9K
Cap Rate 9%
$203,733
$203.7K
Market Conditions
NOI Build-Up for 3,770 SF
Gross rent
$27.6K $7.32/SF
− Vacancy
−$1.4K −$0.37/SF
EGI
$26.2K $6.95/SF
− OpEx
−$7.9K −$2.08/SF
NOI
$18.3K $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 Rate 5%
$366,720
Cap Rate 7%
$261,943
Cap Rate 9%
$203,733
Alternative Uses
Best Use
Retail
$663.4K
$580.4K – $773.9K
NOI $46,435 @ 7.0% cap · market cap 16.89%
Second Best
Industrial
$261.9K
$229.2K – $305.6K
NOI $18,336 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$831.7K
$727.7K – $970.3K
NOI $58,217 @ 7.0% cap · market cap 21.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48238, MI
25,747
Population
16,341
Households
1.6
Avg Household Size
37
Median Age
13%
College-Educated
84%
High-School Grad
5.4 sq mi
ZIP Area
4,768
Density / Sq Mi
$30,286
Median Household Income
$25,948
Median Earnings
$950
Median Rent
$58,700
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Similar Off Market Nearby
- Lee Towing — 12019 dyar st, hamtramck, mi 48212
- Ace's Auto — 225 Farrand Park, Highland Park, MI 48203
- Art Joseph's Collision — 2370 Carpenter Ave, Hamtramck, MI 48212
- Botsford collision service inc — 12030 Joseph Campau Ave, Hamtramck, MI 48212
- The Mechanic Shop Inc — 2929 Carpenter Ave, Detroit, MI 48212
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive-oriented building with a two-year-old roof and warranty, suitable for storage and repair use.
Where is this auto shop located?
The property is located at 2455 W Davison St Detroit, MI.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Built in 1950; 2‑year‑old roof with warranty
