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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

11820-11866 Gratiot Ave Detroit, MI 48213

7,000 SF
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Total area 7,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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