Gas Station with 3-Bay
3652 Gratiot Ave Detroit, MI 48207
3652 Gratiot Ave, Detroit, MI, 48207
$299,000
Pending
For Sale
$299,000
Pending
Gas station property with four islands and an attached three-bay garage for automotive and retail uses.
Property Size3,014 SF
Days on Market728
Property Features for 3652 Gratiot Ave
General Information
- Standard status
- Pending
- Size
- 3,014 SF
Listing agency
RE/MAX Team 2000
(313) 561-0900
Listed by
Yousef Beydoun · License #6501354088
(313) 561-0900
Source
Exprealty
Added: Jul 25, 2024 Updated: Jul 10 at 1:48PM Checked: Jul 20 at 6:33AM
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 RE/MAX Team 2000
Investment Insights
Based on property information with market context.
This for-sale gas station property includes more than 3,000 square feet and features an attached three-bay garage. The site is configured with four islands, supporting vehicle fueling activity and related on-site operations. The current offering notes no supply contract or deed restrictions, with information presented as reliable but not guaranteed.
The property is described as conveniently located minutes from Downtown Detroit. It is listed at 3652 Gratiot Ave, with the sale being positioned as an opportunity to re-establish operations.
For buyers seeking an automotive-oriented site, the combination of fueling infrastructure and an attached three-bay garage can support a range of practical uses consistent with the existing improvements. The four-island layout may help accommodate ongoing or planned vehicle service activity, while the absence of a supply contract or deed restrictions can simplify certain operational decisions. Buyers should conduct their own due diligence regarding permits, site condition, and any intended redevelopment or use approvals.
The property is described as conveniently located minutes from Downtown Detroit. It is listed at 3652 Gratiot Ave, with the sale being positioned as an opportunity to re-establish operations.
For buyers seeking an automotive-oriented site, the combination of fueling infrastructure and an attached three-bay garage can support a range of practical uses consistent with the existing improvements. The four-island layout may help accommodate ongoing or planned vehicle service activity, while the absence of a supply contract or deed restrictions can simplify certain operational decisions. Buyers should conduct their own due diligence regarding permits, site condition, and any intended redevelopment or use approvals.
Key Highlights
- Gas station property with four islands
- Over 3,000 SF total building area
- Attached three‑bay garage for automotive and retail uses
Local Financial Insights For Industrial
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 | $22.1k | $7.32 |
| − Vacancy | −$1.1k | −$0.37 |
| EGI | $20.9k | $6.95 |
| − OpEx | −$6.3k | −$2.08 |
| NOI | $14.7k | $4.86 |
3,014 SF · lease $7.32/SF/yr · vacancy 5.08% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$568.2K
$497.2K – $662.9K
NOI $39,775 @ 7.0% cap · market cap 13.30%
Second Best
Retail
$530.3K
$464.0K – $618.7K
NOI $37,123 @ 7.0% cap · market cap 12.42%
Theoretical Best
Office A
$664.9K
$581.8K – $775.7K
NOI $46,543 @ 7.0% cap · market cap 15.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gas stations
Similar For Sale Nearby
FAQs
What type of property is this?
Gas station - Gas station property with four islands and an attached three-bay garage for automotive and retail uses.
Where is this gas station located?
The property is located at 3652 Gratiot Ave Detroit, MI.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Gas station property with four islands; Over 3,000 SF total building area; Attached three‑bay garage for automotive and retail uses
