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    OFF-MARKET
    Commercial land

    533 Southfield Rd, Lincoln Park, MI 48146-2634

    0.35 ac lot
    Individually Owned 5-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-0422316
    Property summary
    AI-generated overview

    This exceptional 9,000 square foot retail property in Lincoln Park, Michigan, presents a unique opportunity for an auto dealership and repair business. Located at 533 Southfield Rd, 48146, this single-tenancy building boasts 365 feet of road frontage, ensuring high visibility and accessibility. The expansive lot comfortably accommodates 70-80 vehicles. The property is fully equipped and ready for immediate operation, including a welding machine, torch, frame machine, two air compressors, three hoists, five computers, TVs, security cameras, a fax machine, two printers, six file cabinets, and desks. All equipment is included in the lease. The property features a fenced lot, providing security and peace of mind. This well-maintained building is situated in a safe and desirable area. The monthly lease rate is $10,000. This is an exceptional opportunity to acquire a turnkey operation in a high-traffic location. Don't miss out on this chance to establish or expand your automotive business.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 0.35 ac (15,246 SF)
    APN 45 008 03 0029 301
    UPID US43-0422316
    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
    Current use
    Occupant on record · Public records
    • Pro Auto Sales Car Dealership
    • pro auto salez Car Dealership
    • Stallion Collision & Auto Repair Auto Repair Shop
    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
    Wassim Farhat · 5 yrs held
    Wassim Farhat
    since 2020
    Last sale
    $320,000
    7 recorded transactions
    2020
    $240,000
    2013
    2012
    2012
    2010
    2008
    $320,000
    2007
    $306,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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