18417 Telegraph RdRomulus, MI 48174

Property Details for 18417 Telegraph Rd

Year built

1976

Lot size

2.00 AC

Property size (Sq ft)

7,500 SF

Zone code

I-1

Property type

Retail properties

Property subtype

Auto shops

APN

70 009 99 0011 000

APU

70009990011000

Description

This exceptional 7,500 square foot industrial property, located at 18417 TELEGRAPH in Romulus, MI, presents a lucrative business opportunity. Situated on a highly visible 2-acre lot on busy Telegraph Road, this established business boasts significant daily traffic, ensuring maximum exposure. The property currently operates as a successful auto dealership and body shop, complete with all necessary licenses included in the sale. The well-equipped body shop features a 22' x 7' three-post frame rack and a state-of-the-art 25' L x 14' H x 15' W forced downdraft paint booth with baking capabilities. This allows for efficient and high-quality vehicle repairs. The expansive lot provides ample space for current operations and significant future expansion possibilities. The sale includes the dealership, repair facility, finance, salvage title, and recycling licenses, offering a turnkey operation ready for immediate revenue generation. This is a rare opportunity to acquire a thriving business with significant growth potential in a high-traffic location. The asking price is $1,900,000. Don't miss this chance to own a piece of Romulus's thriving commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,887,347

  6.5%

  $1,742,166

  7%

  $1,617,726

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,767,906

  Geo Method

  $1,767,906

• Alternative Use

  Use

  Valuation

  Residential

  $1,469,583

  Hospitality

  $1,346,130

  Educational

  $1,119,964

  Medical

  $1,158,482

  Retail

  $1,742,166

Location Insight

City

Brownstown

County

Wayne

State

Michigan

Latitude

42.1713

Longitude

-83.2656

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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