Used Car Dealership and Pawn
5858 Tireman Detroit, MI 48204
5858 Tireman, Detroit, MI, 48204
$250,000
For Sale
$250,000
Sale includes a used auto dealership with updated building systems and four gated lots for vehicle, storage, or tow operations.
Property Size1,200 SF
Lot Size1.14 Acres
Price / SF$208.33
Days on Market22
Property Features for 5858 Tireman
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Lot size
- 1.14 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1968
Listing agency
Real Estate One-Clinton Twp
(586) 453-3248
Listed by
Jennifer Arnold · License #6501371242
(586) 453-3248
Source
Elliman
Added: Jul 1 Updated: Jul 22 at 8:18AM Checked: Jul 22 at 8:18AM
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 Real Estate One-Clinton Twp
Investment Insights
Based on property information with market context.
This for-sale used auto dealership and pawn shop includes a building of just over 1,200 square feet with newer electrical, plumbing, air conditioning, and a furnace, with major updates already completed. The property also features a large, fully gated expanded lot secured with a metal fence around the entire perimeter.
The sale includes four lots, listed as 5858 and 5812 Tireman, and 7628 and 7636 Epworth. The business is described as being located on a busy, high-traffic corner, and the property is stated to be conveniently located between I-96 and I-94, with about half a mile proximity to I-75, and minutes from Henry Ford Hospital.
The offering is positioned for multiple use possibilities, including storage yard, junk yard, or tow yard use. The remarks also indicate that the pawn license transfers with the business, and the buyer receives the opportunity to step in and continue operations in an established, family-owned setting.
The sale includes four lots, listed as 5858 and 5812 Tireman, and 7628 and 7636 Epworth. The business is described as being located on a busy, high-traffic corner, and the property is stated to be conveniently located between I-96 and I-94, with about half a mile proximity to I-75, and minutes from Henry Ford Hospital.
The offering is positioned for multiple use possibilities, including storage yard, junk yard, or tow yard use. The remarks also indicate that the pawn license transfers with the business, and the buyer receives the opportunity to step in and continue operations in an established, family-owned setting.
Key Highlights
- Used auto dealership & pawn shop in business for 32+ years, offered with the business and pawn license transfer
- Building is just over 1,200 SF with newer electrical, plumbing, A/C, and furnace (major updates completed)
- Fully gated, secured perimeter with a metal fence around the entire expanded lot
Local Financial Insights For Retail
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 | $22.3k | $18.60 |
| − Vacancy | −$1.2k | −$1.00 |
| EGI | $21.1k | $17.60 |
| − OpEx | −$6.3k | −$5.28 |
| NOI | $14.8k | $12.32 |
1,200 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$211.1K
$184.8K – $246.3K
NOI $14,780 @ 7.0% cap · market cap 5.91%
Second Best
Industrial
$83.4K
$73.0K – $97.3K
NOI $5,836 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$264.7K
$231.6K – $308.9K
NOI $18,531 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Showrooms
Similar For Sale Nearby
FAQs
What type of property is this?
Showroom - Sale includes a used auto dealership with updated building systems and four gated lots for vehicle, storage, or tow operations.
Where is this showroom located?
The property is located at 5858 Tireman Detroit, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Used auto dealership & pawn shop in business for 32+ years, offered with the business and pawn license transfer; Building is just over 1,200 SF with newer electrical, plumbing, A/C, and furnace (major updates completed); Fully gated, secured perimeter with a metal fence around the entire expanded lot
