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    7940 Tireman Ave Detroit, MI 48204

    Sponsored
    For Sale
    $500,000

    Thriving auto shop, high traffic area.

    Property size:
    7,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This turnkey collision repair shop in Detroit, Michigan presents a unique investment opportunity. Located at 7940 Tireman Ave, this 7,500 square foot Class A property sits on a 0.2-acre lot in Wayne County, zip code 48204. The single-story, 1928-built building features 16-foot ceilings, two dock-high doors, and ample space for efficient operations. The layout includes a 500 square foot office area, a hoist, and a paint booth, along with all necessary equipment for immediate operation. The property is zoned and licensed for collision repair, offering a seamless transition for a new owner. With 86 feet of road frontage on a paved street, this location provides excellent visibility and accessibility. The asking price is $500,000, translating to $66.67 per square foot. This owner-user investment is perfect for expanding an existing automotive business or starting a new venture. The property's solid block-and-concrete construction ensures durability and longevity. Don't miss this chance to acquire a profitable, established business in a prime Detroit location. Serious inquiries only.

    Property Features for 7940 Tireman Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    7,500 SF
    Class
    A
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1928
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $500,000 asking price for a turnkey auto collision repair shop in Detroit, MI.
    • 7,500 square foot building on a 0.2‑acre lot with 86 feet of road frontage.
    • Includes a 500 square foot office, hoist, and paint booth; all necessary equipment included.
    • Class A, single‑tenant property with two dock‑high doors and 16‑foot ceilings.
    • Zoned and licensed for collision repair; built in 1928.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1468528
    Latitude
    42.3521267

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    FAQs

    What type of property is this?
    Automotive property - Thriving auto shop, high traffic area.
    Where is this automotive property located?
    The property is located at 7940 Tireman Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: $500,000 asking price for a turnkey auto collision repair shop in Detroit, MI.; 7,500 square foot building on a 0.2-acre lot with 86 feet of road frontage.; Includes a 500 square foot office, hoist, and paint booth; all necessary equipment included.
    Request Owner's contact information
    7940 Tireman Ave Detroit, MI 48204
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    Detroit, MI 48204
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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
    7940 Tireman Ave Detroit, MI 48204
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