20491 John R St, Highland Park, MI 48203-1139
This 4,000 square foot industrial property in Detroit, MI, presents a rare opportunity to acquire a well-established mechanic shop and car dealership. Located in a high-traffic area, this turnkey business boasts a four-bay garage fully equipped for repairs and customization. A comfortable office and waiting room provide professional space for customer interaction, complemented by a convenient on-site bathroom. Security features include a gated property and alarm system, ensuring peace of mind. Modern amenities such as internet access and central air conditioning are also included. The property's highly visible location contributes to its established reputation and consistent customer flow. This versatile property is also suitable for a car rental business. The current lease is $3600 per month. This is a move-in ready opportunity in a prime Detroit location. Don't miss this chance to own a thriving business in a bustling area. The asking price for the business is $120,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
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
B4 · Highland Park, MIHighland Park. Always verify with local authorities before improvements.
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.