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    FOR SALE
    Auto shops

    23940 Gibraltar Rd, Flat Rock, MI 48134

    3,222 SF 1.39 ac lot Built 1954
    Individually Owned ~ Est. High Equity
    Property ID
    US43-4180779
    Property summary
    AI-generated overview

    This exceptional 0.77-acre commercial property, located at 23940 Gibraltar Road in Flat Rock, Michigan, presents a unique investment opportunity. The property boasts a 3,222 square foot retail building constructed in 1954 and renovated in 1961, currently operating at 100% occupancy. The single-story building sits on a sizable lot, offering significant potential for expansion or redevelopment. Priced at $125,000, this translates to a price per square foot of $3.73 and a compelling land value of $162,338 per acre. The property's strategic location near I-75 in Wayne County, Michigan, ensures high visibility and accessibility, benefiting from strong demographics and impressive traffic counts. The O1 zoning designation provides flexibility for various commercial uses. The APN is 58-098-99-0019-002. This property is ideal for investors seeking a strong return on investment in a prime location with significant upside potential. The zip code is 48134.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1954
    Total area 3,222 SF
    Lot 1.39 ac (60,548 SF)
    APN 58 098 99 0019 002
    UPID US43-4180779
    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
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Ali Mrad
    Ali Mrad
    since 2025
    Last sale
    $240,000
    7 recorded transactions
    2025
    2024
    2023
    2015
    2008
    $240,000
    2007
    2007
    $203,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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