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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2427 Davison St Detroit, MI 48238

1,980 SF 0.08 ac lot Built 1950
Property ID
Property summary
AI-generated overview

This exceptional Detroit investment opportunity presents a 1,980 square foot auto shop located at 2427 W Davison St, Detroit, MI 48238. The property, built in 1950, sits on a 0.08-acre lot and boasts a 14-foot ceiling height, four 10x10 and 14x10 grade-level doors, and ample parking. Currently, the shop enjoys 100% occupancy with a tenant under a recently signed five-year lease at $4,000 per month, generating a strong cash flow. The property is zoned B-4, offering flexibility for future uses. With a total asking price of $450,000 ($227.27 per square foot), this well-maintained auto shop represents a compelling investment opportunity in a prime Detroit location. The Wayne County property features APN 10004182-3. This turnkey operation is ready for immediate income generation. The property's strong tenant history and favorable zoning make it an attractive proposition for both seasoned investors and those new to commercial real estate. Don't miss this chance to acquire a profitable and well-located asset.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1950
Total area 1,980 SF
Lot 0.08 ac (3,485 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
Current use
Occupant on record · Public records
  • DT Auto Repair Auto Repair Shop Insurance Agency
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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