Automotive Retail
For Sale
$450,000
4153 Dix Hwy, Lincoln Park, MI 48146
Automotive building for sale on a high-visibility corridor with strong exposure and accessibility.
Property Size4,942 SF
Price / SF$91.06
Days on Market96
Property Features for 4153 Dix Hwy
General Information
Standard status
Active
Size
4,942 SF
Building Details
Year Built
1952
Listing Agency:
Pro Realty Group
Listed By:
Charife Bazzi
(313) 316-3944
Source:
Katie-k
Added: Jul 16
Changed: Oct 7
Last Checked: Oct 7 at 4:42PM
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 Pro Realty Group
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Investment Insights
Based on property information with market context.
For sale is a well-positioned automotive commercial building suited to an owner-user or investor. The property is described as operating well for automotive-focused activity, with suitability for a variety of automotive or commercial uses.
The building is located on a high-visibility corridor, emphasizing strong exposure and accessibility. BikeScore is listed as 49 (Somewhat Bikeable) and WalkScore as 72 (Very Walkable), supporting convenient access for surrounding traffic.
Prospective buyers can schedule a showing to review the property firsthand and confirm how the layout and improvements fit their intended automotive or commercial use.
The building is located on a high-visibility corridor, emphasizing strong exposure and accessibility. BikeScore is listed as 49 (Somewhat Bikeable) and WalkScore as 72 (Very Walkable), supporting convenient access for surrounding traffic.
Prospective buyers can schedule a showing to review the property firsthand and confirm how the layout and improvements fit their intended automotive or commercial use.
Key Highlights
- Automotive commercial building built in 1952
- Located on a high‑visibility corridor with strong exposure and accessibility
- Suitable for an owner‑user or investor for automotive or commercial uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,585
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,700
$511.7K
Cap Rate 7%
$365,500
$365.5K
Cap Rate 9%
$284,278
$284.3K
Market Conditions
NOI Build-Up for 4,942 SF
Gross rent
$38.0K $7.68/SF
− Vacancy
−$1.4K −$0.28/SF
EGI
$36.6K $7.40/SF
− OpEx
−$11.0K −$2.22/SF
NOI
$25.6K $5.18/SF
Area
Wayne County, MI
Vacancy
3.70%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,700
Cap Rate 7%
$365,500
Cap Rate 9%
$284,278
Alternative Uses
Best Use
Retail
$668.9K
$585.3K – $780.4K
NOI $46,826 @ 7.0% cap · market cap 10.41%
Second Best
Industrial
$365.5K
$319.8K – $426.4K
NOI $25,585 @ 7.0% cap · market cap 5.69%
Theoretical Best
Specialty Retail
$915.0K
$800.6K – $1.07M
NOI $64,048 @ 7.0% cap · market cap 14.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
46k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 50%
SONIC Drive In
Dining
12,912 visits/mo
0.5 miles
7-Eleven
Shops & Services
10,380 visits/mo
0.4 miles
Mobil
Shops & Services
7,071 visits/mo
0.1 miles
Little Caesars Pizza
Dining
5,732 visits/mo
0.5 miles
Marathon
Shops & Services
5,657 visits/mo
0.3 miles
Demographics for 48146, MI
40,245
Population
15,874
Households
2.5
Avg Household Size
37
Median Age
11%
College-Educated
81%
High-School Grad
5.8 sq mi
ZIP Area
6,939
Density / Sq Mi
$57,183
Median Household Income
$36,886
Median Earnings
$972
Median Rent
$117,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- The Diesel Whisperer — Southgate, MI 48195
- Metro Sales & Services Inc — 12923 Dix Toledo Rd, Southgate, MI 48195
- Auto-Lab Complete Car Care Center of Southgate — 13045 Northline Rd, Southgate, MI 48195
- Downriver Car Care — 13160 Fort St, Southgate, MI 48195
- Tire Traxx — 2101 Fort St, Wyandotte, MI 48192
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive building for sale on a high-visibility corridor with strong exposure and accessibility.
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 $450,000.
What are key features of this property?
This property features: Automotive commercial building built in 1952; Located on a high‑visibility corridor with strong exposure and accessibility; Suitable for an owner‑user or investor for automotive or commercial uses
