2427 Davison St Detroit, MI 48238
- Retail properties
- 1,980 SF
- 0.08 lot acres
Current Use by Public Records
- DT Auto Repair / Auto Repair Shop / Oil Change Service
Property Details for 2427 Davison St
- Year built
- 1950
- Lot size
- 0.08 lot acres
- Property size
- 1,980 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1196
- Latitude
- 42.3936
