Established Auto Shop For
10525 S Meridian Road, Clarklake, MI 49234
COMMERCIAL - Clarklake, MI
Property size:
5,528 SFLot size:
1.00 AcrePrice / SF:
$108/SF- Added:
- Aug 27, 2021
- Days on Market:
- 1730
- Last Refresh:
- May 22 at 11:06 am
Property Features for 10525 S Meridian Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Standard status
- Active
- APN
- 000-19-19-326-001-04
- Size
- 5,528 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Year
- 2021
- Tax Description
- Beginning at the corner post of Sec 19
- Tax Annual Amount
- 3200
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Heating system
- Forced Air
- Water source
- Well
Building Details
- Year built
- 1991
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Aluminum Siding
Listing agent FRED M HETHERWICK License #6502120657 (517) 206-0459
Listing office ERA Reardon Realty, L.L.C. 910 N West Ave, Jackson, MI (517) 782-2996
Listing date Aug 27, 2021
MLS# 21103011
Listing URL
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Established business with 30 years in the same location.
- Used car license included, offering immediate business potential.
- Large, consistent backlog of work ensures steady income.
- Fiercely loyal client base provides a solid foundation.
- Opportunity for growth with new owner to expand the business.
- Includes real property (built in 1991).
Overview
This commercial property, located in Clarklake, Michigan, currently operates as a successful body shop with a used car license. The business has been at the same location for 30 years under the same owner, fostering a fiercely loyal client base. The property size is 5528 square feet and it sits on a 1-acre lot. The existing business has a substantial backlog of work, presenting an opportunity for a new owner to further develop the business. The property is suitable for auto shops, automotive properties, and retail properties.
Financial Insights
Value Estimation Calculated for Industrial
Conservative
$426.7K
NOI $38,406 @ 9.00% cap · cautious / downside scenario
Moderate
$548.7K
NOI $38,406 @ 7.00% cap · market / base-case scenario
Aggressive
$768.1K
NOI $38,406 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Industrial
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.0k | $11.04 |
| − Vacancy | −$6.2k | −$1.12 |
| EGI | $54.9k | $9.92 |
| − OpEx | −$16.5k | −$2.98 |
| NOI | $38.4k | $6.95 |
5,528 SF · lease $11.04/SF/yr · vacancy 10.10% · expense 30.00%
Alternative Use Scenarios
Best Use
Industrial
$548.7K
$480.1K – $640.1K
NOI $38,406 @ 7.0% cap · market cap 6.41%
Second Best
Retail
$544.6K
$476.5K – $635.4K
NOI $38,123 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$882.5K
$772.2K – $1.03M
NOI $61,772 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Fender Menders
Auto Repair Shop
Similar Places Nearby
- Fender Menders — 10525 S Meridian Rd, Clarklake, MI 49234
Location Insight
- Map
- Local Demand
- City
- Clarklake
- County
- Jackson
- State
- Michigan
- Longitude
- -84.363041
- Latitude
- 42.108711
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - Successful auto body shop with loyal clientele and used car license.
Where is this auto shop located?
The property is located at 10525 S Meridian Road Clarklake, MI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Established business with 30 years in the same location.; Used car license included, offering immediate business potential.; Large, consistent backlog of work ensures steady income.
