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    OFF-MARKET
    Auto shops

    20491 John R St, Highland Park, MI 48203-1139

    3,713 SF 0.23 ac lot Built 1980
    Individually Owned Free & Clear
    Property ID
    US43-1427762
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1980
    Total area 3,713 SF
    Lot 0.23 ac (10,019 SF)
    Zoning code B4
    APN 09024546-50
    UPID US43-1427762
    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
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    NORMAN S DEHKO
    NORMAN S DEHKO
    Zoning & alternative use
    B4 · Highland Park, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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