Property summary
This thriving, licensed auto dealership in Detroit, Michigan presents a unique investment opportunity. Located on a high-traffic section of Joy Road, this Class A property boasts a 0.3-acre corner lot, providing exceptional visibility and accessibility. The 1,200 square foot main building, constructed in 1952, includes a sales office and ample space to display over 25 vehicles. A secondary building complements the operation. The property is zoned for commercial use and includes 16 license plates, an established customer base, and an existing auto financing agreement, ensuring a smooth transition for the new owner. The sale also includes a small on-site repair facility. This owner-user opportunity is perfect for an established business looking to expand or a new venture seeking immediate market presence. The single-story building sits on a large lot, offering significant potential for future expansion or development. This turnkey operation offers a rare chance to acquire a successful business with significant assets in a prime Detroit location. Serious inquiries only.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
B4 · Detroit, MI), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B4 in Detroit, MI.
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