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    5788 Van Dyke Ave Detroit, MI 48213

    Sponsored
    For Sale
    $224,900

    Detroit Auto Shop - Turnkey Opportunity

    Property size:
    3,286 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Detroit, MI auto shop, located at 5788 Van Dyke Ave, offers a turnkey business opportunity. The 3,286 square foot building sits on a 0.08-acre lot and boasts a new roof (installed September 2023), minimizing future maintenance costs. The property includes a front lobby (14x13 ft), a large garage (55x30 ft), a break area (15x16 ft), a bathroom/laboratory (6x9 ft), and an upper office area (14x13 ft). All equipment is included in the asking price of $224,900 ($68.44/sq ft). The property is zoned commercial and benefits from high visibility, with approximately 9,503 cars passing daily. Built in 1923, this single-unit building presents a strong investment opportunity in a prime Wayne County location (zip code 48213, APN 17009440). The property is owned by an LLC. This is a rare chance to acquire an established business with significant potential for growth.

    Property Features for 5788 Van Dyke Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    3,286 SF
    Lot Size
    3,485 SF

    Building Details

    Year Built
    1923
    Buildings
    1
    Units
    1

    HighLights

    • 14' x 13' front lobby
    • 55' x 30' garage
    • 15' x 16' break room
    • 6' x 9' lab bathroom
    • 14' x 13' office mezzanine
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0168142
    Latitude
    42.3823567

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    FAQs

    What type of property is this?
    Automotive property - Detroit Auto Shop - Turnkey Opportunity
    Where is this automotive property located?
    The property is located at 5788 Van Dyke Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $224,900.
    What are key features of this property?
    This property features: 14' x 13' front lobby; 55' x 30' garage; 15' x 16' break room
    (734) 259-1100
    Request Owner's contact information
    5788 Van Dyke Ave Detroit, MI 48213
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    Detroit, MI 48213
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5788 Van Dyke Ave Detroit, MI 48213
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