15430 Fenkell Ave Detroit, MI 48227
Exceptional opportunity to acquire a thriving, established auto repair business and its accompanying real estate in Detroit, Michigan. This turnkey operation, operating for over 35 years, boasts a 4,266 square foot building on a 15,000 square foot lot at the corner of Fenkell and Greenfield Avenues. The property, built in 1989 and renovated in 2015, includes a spacious waiting area, office, two bathrooms, and a storage room. Five of the seven garage bays are equipped with working hoists, presenting immediate potential to add two more for increased revenue. The property's zoning allows for flexibility; it could be converted back into a gas station or expanded to incorporate additional parking, potentially transforming it into a dealership/repair shop combination. Financial information and a signed confidentiality agreement are required prior to scheduling a showing. This is a rare chance to own a well-established business with significant growth potential in a high-traffic area. The asking price for both the business and the real estate is $1,849,000. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.