Freestanding Auto
For Sale
Contact for pricing
7667 Grand River Avenue, Detroit, MI 48204
The building dates to 1962 and is positioned on Grand River Avenue in Detroit.
Property Size1,304 SF
Price / SF$1.92
Days on Market18
Property Features for 7667 Grand River Avenue
General Information
Standard status
Active
Size
1,304 SF
Property subtype
Commercial
Site & Location
Neighborhood
Petoskey-Otsego
Building Details
Year Built
1962
Buildings
1
Listing Agency:
Keller Williams Legacy
(313) 752-0000
Listed By:
Nick Jaafar · License #403947
(313) 228-3777
Source:
Goodhomemi
Added: Oct 14
Changed: Oct 28
Last Checked: Oct 28 at 2:58PM
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 Keller Williams Legacy
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Investment Insights
Based on property information with market context.
This freestanding auto shop contains 1,304 square feet and was built in 1962. Its configuration is suited to automotive service use, including mechanic or tire shop operations.
The property is at 7667 Grand River Avenue in Detroit, Michigan.
The property is at 7667 Grand River Avenue in Detroit, Michigan.
Key Highlights
- 1,304‑square‑foot freestanding auto shop
- Built in 1962
- Located on Grand River Avenue in Detroit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,342
Suggested Prices Based on Cap Rates
Cap Rate 5%
$126,840
$126.8K
Cap Rate 7%
$90,600
$90.6K
Cap Rate 9%
$70,467
$70.5K
Market Conditions
NOI Build-Up for 1,304 SF
Gross rent
$9.5K $7.32/SF
− Vacancy
−$485 −$0.37/SF
EGI
$9.1K $6.95/SF
− OpEx
−$2.7K −$2.08/SF
NOI
$6.3K $4.86/SF
Area
Detroit, MI
Vacancy
5.08%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$126,840
Cap Rate 7%
$90,600
Cap Rate 9%
$70,467
Alternative Uses
Best Use
Retail
$229.4K
$200.8K – $267.7K
NOI $16,061 @ 7.0% cap · market cap 642.44%
Second Best
Industrial
$90.6K
$79.3K – $105.7K
NOI $6,342 @ 7.0% cap · market cap 253.68%
Theoretical Best
Office A
$287.7K
$251.7K – $335.6K
NOI $20,137 @ 7.0% cap · market cap 805.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
17k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 93%
Electronics 7%
BP
Shops & Services
9,134 visits/mo
0.3 miles
Mobil
Shops & Services
6,821 visits/mo
0.3 miles
Metro by T-Mobile
Electronics
1,228 visits/mo
0.3 miles
Demographics for 48204, MI
21,738
Population
13,691
Households
1.6
Avg Household Size
37
Median Age
10%
College-Educated
83%
High-School Grad
5.0 sq mi
ZIP Area
4,348
Density / Sq Mi
$32,875
Median Household Income
$26,701
Median Earnings
$970
Median Rent
$53,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Detroit, MI
Similar Off Market Nearby
- ATM (Tireman Service Station) — 5815 Tireman Ave, Detroit, MI 48204
- CASH FOR CARS DETROIT — 6442 epworth st, detroit, mi 48210
- Fix It Auto Center — 6442 Epworth St, Detroit, MI 48210
- ARM Towing Detroit MI — 5401 tireman ave, detroit, mi 48210
- Hood's up performance — 6319 Woodrow St, Detroit, MI 48210
Frequently Asked Questions
What type of property is this?
Auto shop - The building dates to 1962 and is positioned on Grand River Avenue in Detroit.
Where is this auto shop located?
The property is located at 7667 Grand River Avenue Detroit, MI.
What are key features of this property?
This property features: 1,304‑square‑foot freestanding auto shop; Built in 1962; Located on Grand River Avenue in Detroit
