Automotive Service Station with Two
101 Seventh Avenue Norway, MI 49870
101 Seventh Avenue, Norway, MI, 49870
$215,000
For Sale
$215,000
COMMERCIAL - Norway, MI
Property Size1,458 SF
Lot Size0.15 Acres
Price / SF$147.46
Days on Market594
Property Features for 101 Seventh Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,458 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1984
Utilities
- Water source
- Public
Building Details
- Year built
- 1960
Listing agency
LEEDS REAL ESTATE
(906) 779-5333
Listed by
KIMBERLY WEBB · License #6501341251
(906) 396-9422
Added: Dec 5, 2024 Updated: Jun 30 at 10:00AM Checked: Jul 22 at 5:06PM
MLS# 50162731
Copyright © 2026 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This automotive service station is offered as a turn-key operation with the tools and equipment needed for ongoing service work. The facility includes a newer roof, radiant heating for year-round comfort, and two overhead doors that support efficient vehicle handling. Interior equipment is included, such as hoists and welders, along with other essential shop tools to help the next owner begin operations without waiting for major setup.
The property is located at 101 Seventh Avenue in Norway, Michigan, in Dickinson County. The business is positioned on a highway for visibility to passing motorists, with the seller describing an established customer base built over years of operation. The sale is structured to support continuity of operations, with the seller willing to remain temporarily to train the new owner and share day-to-day insights.
This offering is well suited for an automotive operator seeking a ready-to-run shop with core functional improvements already in place, including overhead access, shop heating, and in-shop equipment. For buyers who want to step into an existing service station business and maintain a consistent workflow, the combination of included equipment and the planned transition support can help shorten the time between closing and active operation.
The property is located at 101 Seventh Avenue in Norway, Michigan, in Dickinson County. The business is positioned on a highway for visibility to passing motorists, with the seller describing an established customer base built over years of operation. The sale is structured to support continuity of operations, with the seller willing to remain temporarily to train the new owner and share day-to-day insights.
This offering is well suited for an automotive operator seeking a ready-to-run shop with core functional improvements already in place, including overhead access, shop heating, and in-shop equipment. For buyers who want to step into an existing service station business and maintain a consistent workflow, the combination of included equipment and the planned transition support can help shorten the time between closing and active operation.
Key Highlights
- Automotive service station built in 1960 with public water service
- Recently updated roof for low‑maintenance use
- Two overhead doors for servicing multiple vehicles
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.0k | $14.40 |
| − Vacancy | −$2.2k | −$1.51 |
| EGI | $18.8k | $12.89 |
| − OpEx | −$5.6k | −$3.87 |
| NOI | $13.2k | $9.02 |
1,458 SF · lease $14.40/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$187.9K
$164.4K – $219.2K
NOI $13,153 @ 7.0% cap · market cap 6.12%
Second Best
Industrial
$103.2K
$90.3K – $120.4K
NOI $7,224 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$281.1K
$246.0K – $328.0K
NOI $19,677 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
M & D Automotive
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Brians Auto Body — 515 7th ave, norway, mi 49870
- M & D Automotive — 101 7th Ave, Norway, MI 49870
- Norway auto body — 515 7th Ave, Norway, MI 49870
- Krist Oil Co — 625 Brown St, Norway, MI 49870
- Saginaw Street Automotive — 402 Saginaw St, Norway, MI 49870
FAQs
What type of property is this?
Auto shop - Turn-key service station on a highway, equipped with hoists and welders and radiant heat for year-round work.
Where is this auto shop located?
The property is located at 101 Seventh Avenue Norway, MI.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Automotive service station built in 1960 with public water service; Recently updated roof for low‑maintenance use; Two overhead doors for servicing multiple vehicles
