Established Mechanic Shop with
4153 Dix Hwy Lincoln Park, MI 48146
For Sale
$399,900
Pending
Well-established mechanic shop with three bays and expansion potential.
Property Size4,942 SF
Lot Size0.13 Acres
Days on Market685
Property Features for 4153 Dix Hwy
General Information
- Standard status
- Pending
- Size
- 4,942 SF
- Lot size
- 0.13 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1952
Listing Agency:
RE/MAX Team 2000
(313) 477-6691
Listed By:
Ali I Khalil · License #6501301258
(313) 477-6691
Source:
Exitrealty
Added: Sep 10, 2024
Changed: Jul 6
Last Checked: Jul 26 at 7:22AM
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 property features a well-established mechanic shop with three bays and the potential to add two additional bays. The shop includes high 20 ft ceilings and comes equipped with two lifts, one with an 18,000 lb capacity and another with a 10,000 lb capacity. All tools and machinery are included in the sale. There are 14 parking spots available. The property has undergone numerous updates within the past 10 years. A large additional storage space offers the possibility of conversion into two additional bays or a collision/detail shop. The property is suitable for auto shops, automotive properties, retail spaces, and general commercial real estate purposes.
Key Highlights
- Established mechanic shop in a prime location
- Includes all tools and machinery
- Three bays with room to add two more
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 | $38.0k | $7.68 |
| − Vacancy | −$1.4k | −$0.28 |
| EGI | $36.6k | $7.40 |
| − OpEx | −$11.0k | −$2.22 |
| NOI | $25.6k | $5.18 |
4,942 SF · lease $7.68/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$668.9K
$585.3K – $780.4K
NOI $46,826 @ 7.0% cap · market cap 11.71%
Second Best
Industrial
$365.5K
$319.8K – $426.4K
NOI $25,585 @ 7.0% cap · market cap 6.40%
Theoretical Best
Specialty Retail
$915.0K
$800.6K – $1.07M
NOI $64,048 @ 7.0% cap · market cap 16.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dix & Goddard Auto ...
Auto Repair Shop
Similar Off Market Nearby
- The Diesel Whisperer — Southgate, MI 48195
- Downriver Car Care — 13160 Fort St, Southgate, MI 48195
- Tire Traxx — 2101 Fort St, Wyandotte, MI 48192
- Auto-Lab Complete Car Care Center of Southgate — 13045 Northline Rd, Southgate, MI 48195
- Metro Sales & Services Inc — 12923 Dix Toledo Rd, Southgate, MI 48195
FAQs
What type of property is this?
Auto shop - Well-established mechanic shop with three bays and expansion potential.
Where is this auto shop located?
The property is located at 4153 Dix Hwy Lincoln Park, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Established mechanic shop in a prime location; Includes all tools and machinery; Three bays with room to add two more
