13100 Dexter AveDetroit, MI 48238

Property Details for 13100 Dexter Ave

Year built

1940

Lot size

0.22 AC

Property size (Sq ft)

1,109 SF

Zone code

B4

Property type

Auto shops

APN

12010558.

APU

12010558

Description

This 1,200 square foot vacant auto shop located at 13100 Dexter Ave, Detroit, MI 48238, is available for $150,000. The property is classified as retail and features two repair bays and ample outdoor storage space. Benefiting from main road frontage and a hard corner location, this property offers excellent visibility and accessibility. The building is ready for immediate occupancy, presenting a significant opportunity for automotive businesses. Recent improvements include a new roof and electrical system installed in 2024. This location is poised to benefit from the ongoing neighborhood rebirth project initiated by the City of Detroit. The property is currently vacant, offering flexibility for a new tenant to customize the space to their specific needs. The Wayne County location provides easy access to major transportation routes and a strong customer base. This is an exceptional opportunity to acquire a well-maintained auto repair facility in a revitalizing area of Detroit. The property's size and features make it ideal for a variety of automotive-related businesses. The asking price represents a compelling investment opportunity in a growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $339,064

  6.5%

  $312,982

  7%

  $290,626

• Comparable approach

  Method

  Valuation

  Relative Method

  $261,414

  Geo Method

  $261,414

• Alternative Use

  Use

  Valuation

  Residential

  $264,012

  Hospitality

  $241,834

  Educational

  $201,203

  Medical

  $208,123

  Retail

  $312,982

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.388

Longitude

-83.1292

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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