8150 Fort StDetroit, MI 48209

Property Details for 8150 Fort St

Year built

1955

Lot size

0.29 AC

Property size (Sq ft)

2,833 SF

Zone code

M2

Property type

Auto shops

APN

20001724.

APU

20001724

Description

This exceptional Detroit retail property, located at 8150 W Fort St, offers a lucrative investment opportunity. The 2,833 square foot building sits on a 0.29-acre lot (APN 20001724) and is zoned for commercial use. Built in 1955, the property has undergone significant recent improvements, including a roof replacement six years ago, new electrical panels five years ago, and a furnace replacement four years ago. Currently operating as a thriving business grossing over $900,000 annually with a 30% profit margin, the property includes all necessary equipment for the current operation, including a state-of-the-art Hunter tire balancing machine and a complete line of wholesale tires. The business primarily serves the commercial trucking industry, benefiting from its high-visibility location on W Fort St in Detroit, MI (48209). This turnkey operation presents a rare chance to acquire an established, profitable business with significant upside potential. The asking price is $1,580,000 ($557.71/sq ft).

• CAP approach

  CAP return

  Valuation

  6%

  $806,494

  6.5%

  $744,456

  7%

  $691,281

• Comparable approach

  Method

  Valuation

  Relative Method

  $667,797

  Geo Method

  $667,797

• Alternative Use

  Use

  Valuation

  Residential

  $627,977

  Hospitality

  $575,223

  Educational

  $478,579

  Medical

  $495,038

  Retail

  $744,456

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.2993

Longitude

-83.1221

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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