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$ 649,999
Est. payment /mo
Active
16504 Woodward Avenue Highland Park, MI 48203 2804
2,400 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $270
Subdivision Mi
MLS Listing ID 60983885
Annual Tax Amount $5,664
Lot Size 0.350 Acres
Acres 0.35
Lot Dimensions 100x152
Property Sub-Type Commercial/Industrial
Property Description
Fully licensed & operational used car lot and repair shop: includes a Class B Used Vehicle Dealer License, Class C Salvage License, and Vehicle Repair License. Exceptional opportunity on Woodward Avenue, conveniently located just south of McNichols (Six Mile), offering high visibility/accessibility, and excellent signage opportunities. Situated in a dense residential area with nearby automotive and retail neighbors, including Bill Snethkamp Chrysler Dodge Jeep and Ram Dealership, creating excellent synergy. Large lot capable of displaying up to sixty (60) vehicles, ideal for maximizing inventory and sales exposure. Two-bay mechanic shop featuring a single active garage door plus an additional 12' x 12' garage door (previous opening currently blocked but easily reopened with door reinstallation), ample storage for parts and inventory, and a customer-facing office for sales, administration, and service operations. Beautiful cinder block structure built in 2008, well maintained and functional for day-to-day operations. Huge upside for a new owner by offering customer financing options, including Credit Acceptance programs. With service restricted to the dealership's own vehicles, there's a clear opportunity to expand all customers and boost revenue dramatically. Additional capital investment, new inventory, and expanded day-to-day operations can further enhance profitability.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Commercial
Building
Foundation Slab
Water Public Water
Others
Ownership Bank Owned
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by C3 CRE, LLC