1941 W Main St - Car Washes FOR SALE


Lowell, MI 49331
$5,500,000 USD
623-249-8637
1941 W Main St, Lowell, MI for Sale
$5,500,000 USD
Car Washes - FOR SALE
1/16
null | Request Cap Rate

1941 W Main St
Lowell, MI 49331


HIGHLIGHTS

  • Real Estate Included
  • Last Twelve Months (LTM) Cash Flow Over $600,000 As of February 2024
  • 150 +/- FT of Frontage Along Main Street
  • Exposure to 18,500 +/- Vehicles Per Day
  • No Express Tunnel Competition in Over 5-Mile Radius
  • Large 21,600 +/- SF Lot with Potential for Expansion

OVERVIEW

CommercialPlus, LLC is proud to present Riverside Autowash, located in Lowell, Michigan, part of the Grand Rapids metro area. Positioned off M-21 (Main Street) in the Downtown Lowell Historic District, the site has approximately 150 feet of frontage, providing high visibility and direct access to over 18,500 vehicles daily. The surrounding area includes retail businesses and quick-serve restaurants, with a Taco Bell adjacent to the property. Riverside Autowash features a 115-foot express tunnel with a mix of Belanger and Motor City equipment, three self-service bays, and six coin/cash-operated Ginsan vacuums. Management also owns an adjacent lot with plans to expand operations to include a central vacuum system.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$1,310 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Riverside Auto Express Car Wash #cw102a-mi

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

-

APN/PARCEL ID

41-20-03-401-017

ASK ABOUT THIS PROPERTY

Dylan PriceCommercial Plus GroupMore Info
623-249-8637

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Dylan PriceCommercial Plus GroupMore Info
623-249-8637

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.