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    11820-11866 Gratiot Ave Detroit, MI 48213

    Sponsored
    For Sale
    $600,000

    7,000 SF Auto Repair Shop, Prime Location

    Property size:
    7,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 11820-11866 Gratiot Avenue in Detroit, Michigan, presents a lucrative investment opportunity. The property consists of two buildings totaling 7,000 square feet, offering ample space for a variety of automotive-related businesses. Building 1 encompasses 4,000 square feet, while Building 2 offers an additional 3,000 square feet. The property boasts prime commercial exposure on Gratiot Avenue, ensuring high visibility and accessibility for customers. The asking price is $600,000. The property is well-equipped with state-of-the-art equipment, including a new Hunter alignment machine, a new balancer, a new tire machine, two new air compressors, two new Challenger lifts, and two new hoists. This turnkey operation offers easy ingress and egress, making it convenient for both customers and employees. The versatile space is ideal for a variety of uses, including auto repair, auto sales, muffler shops, tire sales and service, and other automotive-related businesses. The property is situated in Wayne County, Michigan, with a zip code of 48213. This is a rare opportunity to acquire a well-established and equipped automotive business in a high-traffic location.

    Property Features for 11820-11866 Gratiot Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    7,000 SF

    Building Details

    Buildings
    2

    HighLights

    • 7,000 SF total building area (4,000 SF Building 1, 3,000 SF Building 2)
    • High‑visibility Gratiot Avenue location
    • Modern equipment including a Hunter alignment machine, balancer, tire machine, two air compressors, two Challenger lifts, and two hoists
    • Excellent access and egress
    • Suitable for various automotive uses, including repair, sales, and tire/muffler services
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    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
    -82.9931993
    Latitude
    42.4107413

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    FAQs

    What type of property is this?
    Automotive property - 7,000 SF Auto Repair Shop, Prime Location
    Where is this automotive property located?
    The property is located at 11820-11866 Gratiot Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: 7,000 SF total building area (4,000 SF Building 1, 3,000 SF Building 2); High-visibility Gratiot Avenue location; Modern equipment including a Hunter alignment machine, balancer, tire machine, two air compressors, two Challenger lifts, and two hoists
    (248) 351-4367
    Request Owner's contact information
    11820-11866 Gratiot 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
    11820-11866 Gratiot Ave Detroit, MI 48213
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