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13118 Gratiot Avenue

Detroit, MI 48205
  • $550,000
  • STATUS: Active
  • ON SITE: 47 Days
  • ID#: 20230066254
Price Reduced
UPDATED: 40 min ago
$550,000
  • 0
    BEDS
  • 0.45
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,664
    SQFT
  • $118
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1938
County:
Zoning:
Commercial
Lot Size Dimensions:
220.00 X 100.00

School Ratings & Info

School District:

Description

Location is key! Great Opportunity to take over and grow a turn-key automotive shop. Well established transmission shop in a great location with lots of traffic! 4-10 roll up doors. 5 hydraulic lifts. Newer tools and equipment. Separate forced air heating units for the shop and lobby. Large fenced lot. Facilities would also be great for a brake shop, general auto repair shop or car dealership. The City of Detroit isnt currently allowing the approval of any new automotive shops, so dont miss out on this opportunity.

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IDX provided courtesy of Realcomp II Ltd. via GK Real Estate Team | Max Broock and Realcomp II Ltd.. © 2023 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than GK Real Estate Team | Max Broock are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2023-09-26T18:03:59.87.
www.gkrealestateteam.com/homes/142287541
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13118 Gratiot Avenue Detroit, MI 48205

  • Price: $550,000
  • Status: Active
  • On Site: 47 Days
  • Updated: 40 min ago
  • ID#: 20230066254
0
Beds
0
Baths
0
½ Baths
0.45
Acres
4,664
SQFT
$118
$/SQFT
1938
Built
Neighborhood:
Taylor Park (Plats)
County:
Wayne
Area:
Det 8 To Gratiot/Houston To 7
School District:
DETROIT
Property Description
Location is key! Great Opportunity to take over and grow a turn-key automotive shop. Well established transmission shop in a great location with lots of traffic! 4-10 roll up doors. 5 hydraulic lifts. Newer tools and equipment. Separate forced air heating units for the shop and lobby. Large fenced lot. Facilities would also be great for a brake shop, general auto repair shop or car dealership. The City of Detroit isnt currently allowing the approval of any new automotive shops, so dont miss out on this opportunity.
Exterior Features

Architecture Level 1 1/2 Story Commercial Exterior Features Doors 10-15 FtPerimeter Fence Construction Materials Brick Exterior Features Fenced Foundation Details Slab Lot Size Dimensions 220.00 X 100.00 Road Frontage Feet 220 Road Frontage Type Paved Roof Material Asphalt Side Of Street E Waterfront YN No

Interior Features

Building Area Source Owner Commercial Utilities Hoist220V AvailableSecurity Alarm Heating Cooling Forced Air Heating Fuel Natural Gas Office Heating Cooling Forced Air Plant Heating Cooling Forced Air Sq Ft Main 4664 Sq Ft Office 800

Property Features

Assessment 100.00 Business Licenses Other Business Type Service Commercial Type Business And Real Estate Current Use Transmission Shop Deposit Amount 300000.00 Existing Lease YN No Gross Scheduled Income 520000.00 Inventory Included YN No Land Contract YN Yes Land Interest Rate 8 Land Payment 2466 Land Terms 60 Listing Financing CashContractConventionalWarranty Deed Monthly Sales 46000 Net Operating Income 478523.00 Operating Expense 73477.00 Ownership Status Short Sale - NoPrivate Owned Possession Close Plus 6-15 Days Postal City Detroit Protection Period 90 Days Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 1417.0000 Tax Amount Winter 159.0000 Title Standard (Private) Total Tax 1576.0000 Unparsed Address 13118 Gratiot Avenue Water Source Public (Municipal) Zone Conform YN Yes Zoning Commercial

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Front Page Properties: (313) 877-9020 and Realcomp, ©2023 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via GK Real Estate Team | Max Broock and Realcomp II Ltd.. © 2023 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than GK Real Estate Team | Max Broock are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2023-09-26T18:03:59.87.
 
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