Six-Bay Auto Repair
34110 Michigan Ave, Wayne, MI 48184
For Sale
New
$749,800
An operating collision and repair business comes with a paint booth, frame machine, hoist, and transferable licenses.
Property Size4,453 SF
Price / SF$170.41
Days on Market1
Property Features for 34110 Michigan Ave
General Information
Standard status
Size
Property subtype
Automotive
Service Bays
Automotive Uses
Additional Details
Business Included
Road Access
Real Estate Included
Taxes and HOA fees
Annual Taxes
Amenities
lobby/waiting area
Building Details
Building Size
Year Built
Listing Agency:
Century 21 Curran & Oberski
Listed By:
Bill M Darwich · License MI #6501368264
(313) 203-8214
Source:
Elliman
Added: Nov 10
Last Checked: Nov 10 at 2:18PM
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 Century 21 Curran & Oberski
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Investment Insights
Based on property information with market context.
This auto repair property includes the operating business and a six-bay shop with an open floor plan. The facility contains a lobby and waiting area, paint booth, air compressor, frame machine, and hoist. Overhead garage doors range from 10 to 12 feet, and the building was constructed in 1936. A large parking area serves the site, which occupies nearly one acre.
The property fronts Michigan Avenue in downtown Wayne, with more than 200 feet along the road. The collision and auto repair licenses are transferable; buyers should confirm applicable uses and licensing details with the city.
The property fronts Michigan Avenue in downtown Wayne, with more than 200 feet along the road. The collision and auto repair licenses are transferable; buyers should confirm applicable uses and licensing details with the city.
Key Highlights
- Operating collision and auto repair business included
- Six‑bay shop with an open floor plan
- Over 4,400 square feet on an almost 1‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,691
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,820
$833.8K
Cap Rate 7%
$595,586
$595.6K
Cap Rate 9%
$463,233
$463.2K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$63.4K $14.40/SF
− Vacancy
−$3.8K −$0.86/SF
EGI
$59.6K $13.54/SF
− OpEx
−$17.9K −$4.06/SF
NOI
$41.7K $9.48/SF
Area
Wayne County, MI
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,820
Cap Rate 7%
$595,586
Cap Rate 9%
$463,233
Alternative Uses
Best Use
Retail
$595.6K
$521.1K – $694.9K
NOI $41,691 @ 7.0% cap · market cap 5.56%
Second Best
Industrial
$325.4K
$284.7K – $379.7K
NOI $22,779 @ 7.0% cap · market cap 3.04%
Theoretical Best
Specialty Retail
$814.6K
$712.8K – $950.4K
NOI $57,024 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
6
Service bays
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
657
Businesses Nearby
66k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 79%
Shops & Services 21%
McDonald's
Dining
22,712 visits/mo
0.5 miles
Lee's Famous Recipe Chicken
Dining
11,269 visits/mo
0.1 miles
Tim Hortons
Dining
8,894 visits/mo
0.1 miles
Citgo
Shops & Services
6,592 visits/mo
0.2 miles
Chase Bank
Shops & Services
6,013 visits/mo
0.4 miles
Demographics for 48184, MI
17,776
Population
7,739
Households
2.3
Avg Household Size
40
Median Age
16%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
2,469
Density / Sq Mi
$54,572
Median Household Income
$36,548
Median Earnings
$924
Median Rent
$142,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Auto shops in Wayne County, MI
Properties on Market for Auto shops in Wayne County
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- CARS Automotive Repair — 4545 S Wayne Rd, Wayne, MI 48184
- Stevenson's Cycle — 4653 S Wayne Rd, Wayne, MI 48184
- K&S Auto Service — 4614 S Wayne Rd, Wayne, MI 48184
- Cars Automotive Services — 4545 s wayne rd, wayne, mi 48184
- Window Tinting Guys of Wayne — 4532 Chamberlain St, Wayne, MI 48184, United States
Frequently Asked Questions
What type of property is this?
Auto shop - An operating collision and repair business comes with a paint booth, frame machine, hoist, and transferable licenses.
Where is this auto shop located?
The property is located at 34110 Michigan Ave Wayne, MI.
What is the asking price?
The asking price for this property is $749,800.
What are key features of this property?
This property features: Operating collision and auto repair business included; Six‑bay shop with an open floor plan; Over 4,400 square feet on an almost 1‑acre lot
