You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $665,000
Auto shops

3351 Dixie Hwy Waterford, MI 48328-1606

5,204 SF 0.4 ac lot Built 1980
Individually Owned 3-yr Hold Free & Clear
Property ID
US43-0227261
Property summary
AI-generated overview

This exceptional investment opportunity encompasses a thriving 5,204 square foot auto body shop and an adjacent vacant mixed-use building situated on a 0.4-acre lot at 3351 Dixie Hwy in Waterford, MI. The high-traffic location on Dixie Highway ensures excellent visibility and accessibility, promising strong potential for revenue generation. The fully operational auto body shop presents immediate income potential, while the vacant mixed-use building offers significant upside. This building features versatile retail space on the ground floor, ideal for a variety of businesses, and a sizable upstairs apartment, providing additional income streams or housing options. The combined property presents a unique chance to capitalize on both established and untapped revenue streams. The existing auto body shop's operations can be expanded upon, while the vacant building allows for creative redevelopment to suit a range of commercial and residential needs. This property is priced at $1,600,000 and represents a rare chance to acquire a substantial commercial property in a prime location with significant growth potential. Don't miss this opportunity to acquire a property with immediate income and substantial long-term upside.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1980
Total area 5,204 SF
Lot 0.4 ac (17,424 SF)
Zoning code BI
APN W -13-14-201-010
UPID US43-0227261
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
$665k
Owner & transaction history
Edmund Grogan · 3 yrs held
Edmund Grogan
since 2022
Last sale
$650,000
1 recorded transaction
2022
$650,000
Zoning & alternative use
BI · Waterford, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $915,000 +81.2%
Restaurant $900,000 +78.8%
Medical building $820,000 +63.1%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3351 Dixie Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message