Auto Shop with Heavy
74130 Fulton Street Armada, MI 48005
74130 Fulton Street, Armada, MI, 48005
$775,000
For Sale
$775,000
COMMERCIAL - Armada, MI
Property Size9,213 SF
Lot Size0.27 Acres
Price / SF$84.12
Days on Market890
Property Features for 74130 Fulton Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 25-02-24-155-018
- Size
- 9,213 SF
- Lot size
- 0.27 Acres
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1948
Listing agency
Pilot Property Group - Residential LLC
(586) 254-0900
Listed by
Alexander Termini · License #6501392648
(586) 291-0499
Added: Feb 12, 2024 Updated: Jul 16 at 2:37AM Checked: Jul 21 at 4:06PM
MLS# 50133298
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property offers an operating auto business setup, including the equipment and the building. The building has undergone many updates, and the property is described as having heavy power to support automotive work. An equipment list is available upon request, which can help buyers and brokers understand what is included with the sale.
Located in downtown Armada at 74130 Fulton Street, the property is positioned for customer-facing activity with great frontage. The combination of a dedicated automotive facility and a visible, street-facing presence can be helpful for buyers seeking an auto-focused location.
For automotive operators and investors, the key advantage here is the turnkey nature of the offering: the building is already arranged and supported for an auto business, with updated improvements and heavy power noted as part of the property. Buyers interested in continuing similar operations may find the included equipment and available inventory list particularly practical when assessing transition and ongoing use.
Located in downtown Armada at 74130 Fulton Street, the property is positioned for customer-facing activity with great frontage. The combination of a dedicated automotive facility and a visible, street-facing presence can be helpful for buyers seeking an auto-focused location.
For automotive operators and investors, the key advantage here is the turnkey nature of the offering: the building is already arranged and supported for an auto business, with updated improvements and heavy power noted as part of the property. Buyers interested in continuing similar operations may find the included equipment and available inventory list particularly practical when assessing transition and ongoing use.
Key Highlights
- Operating auto business with equipment and the building included
- Downtown location with great frontage
- Many updates to the building and listed as having heavy power
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 | $110.6k | $12.00 |
| − Vacancy | −$13.3k | −$1.44 |
| EGI | $97.3k | $10.56 |
| − OpEx | −$29.2k | −$3.17 |
| NOI | $68.1k | $7.39 |
9,213 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$972.9K
$851.3K – $1.14M
NOI $68,102 @ 7.0% cap · market cap 8.79%
Second Best
Industrial
$709.7K
$621.0K – $828.0K
NOI $49,678 @ 7.0% cap · market cap 6.41%
Theoretical Best
Specialty Retail
$1.72M
$1.51M – $2.01M
NOI $120,738 @ 7.0% cap · market cap 15.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Larry's Service & Auto — 73111 Fulton St, Armada, MI 48005
- Perry Mobile Windshield Repair & Replacement Group — 23140 e main st, armada, mi 48005
- Window Tinting Guys of Armada — 74035 Church St, Armada, MI 48005, United States
- Terrmel Towing Rescue Co. — 74100 Fulton St, Armada, MI 48005
- Wyatt Performance — 74130 Fulton St, Armada, MI 48005
FAQs
What type of property is this?
Auto shop - Updated auto shop with equipment included and heavy electrical service for automotive operations in a downtown setting.
Where is this auto shop located?
The property is located at 74130 Fulton Street Armada, MI.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Operating auto business with equipment and the building included; Downtown location with great frontage; Many updates to the building and listed as having heavy power
