617 N Mitchell St - Car Washes FOR SALE


Cadillac, MI 49601
$3,250,000 USD
623-249-8637
617 N Mitchell St, Cadillac, MI for Sale
$3,250,000 USD
Car Washes - FOR SALE
1/21
null | Request Cap Rate

617 N Mitchell St
Cadillac, MI 49601


HIGHLIGHTS

  • Real Estate Included
  • Last Twelve Months (LTM) Cash Flow Over $450,000 As of February 2024
  • Completely Renovated in 2005
  • Direct Access and Visibility Off US Highway 131
  • Exposure to Over 27,000 Vehicles Per Day
  • Centrally Located to Commercial Density

OVERVIEW

Commercial Plus, LLC, is proud to present Lakeside Auto Wash, located in Cadillac, Michigan—a prime express car wash acquisition opportunity in a growing community. Positioned along Business US Highway 131, it enjoys excellent visibility with over 27,400 vehicles passing daily. The area is predominantly commercial, with various local and national businesses nearby. The surrounding residential density is home to over 18,400 residents within a 5-mile radius. Acquired in 2004 and fully renovated in 2005, Lakeside Auto Wash features a 106-foot express tunnel equipped with Motor City and MacNeil equipment, two coin/cash-operated vacuums, and a 0.38-acre +/- lot with space for upgrades.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$1,094 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Lakeside Auto Express Car Wash #cw102b-mi

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

-

APN/PARCEL ID

10-086-00-094-01

ASK ABOUT THIS PROPERTY

Dylan PriceCommercial Plus GroupMore Info
623-249-8637

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Dylan PriceCommercial Plus GroupMore Info
623-249-8637

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