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    Watervliet Commercial Auto Shop Title is generated by Realmo AI

    233 m140 M-140, Watervliet, MI 49098

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    Claim this Listing
    For Sale
    $495,500

    COMMERCIAL - Watervliet, MI

    Type:Retail
    Property size:
    4,200 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $117/SF
    Added:
    Feb 17, 2026
    Days on Market:
    140
    Last Refresh:
    Jul 7 at 6:06 pm

    Property Features for 233 m140 M-140

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Bathrooms
    1
    Rooms
    Bathroom 1
    Standard status
    Active
    APN
    tbo
    Size
    4,200 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    tbo
    Tax Annual Amount
    1525

    Utilities

    Utilities
    Phone Available
    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Water source
    Well

    Building Details

    Year built
    1959
    Number of units
    1
    Roof type
    Composition

    We can help!

    Contact an agent
    Joyce Yerington

    Listing agent Joyce Yerington License #6501243130

    Listing office Active Realtors 1415 E Napier, Benton Harbor, MI

    Listing date Feb 17, 2026

    MLS# 26005765

    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 a 40+ year history of profitability.
    • Only garage in the area, providing a monopoly on services.
    • Includes existing customer accounts.
    • Equipped with 3 garage doors (30 ft), 2 air compressors, and 4 tow trucks.
    • Includes a 3500 4‑wheel drive vehicle.
    • Forced air heating.

    Overview

    This commercial property in Watervliet, Michigan, presents an opportunity for a hardworking individual. The property has functioned as an auto shop for over 40 years. The business has a number of established accounts with long-term customers. The building includes three 30-foot garage doors. The sale includes two air compressors and four tow trucks, including a 3500 4-wheel drive. The property size is 4,200 square feet, situated on a 0.1-acre lot.

    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 $65.0k $15.48
    − Vacancy −$2.7k −$0.65
    EGI $62.3k $14.83
    − OpEx −$18.7k −$4.45
    NOI $43.6k $10.38
    4,200 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $622.9K
    $545.0K – $726.7K (±1% cap)
    NOI $43,600 @ 7.0% cap · market cap 8.80%
    Second Best
    Industrial
    $268.1K
    $234.6K – $312.7K (±1% cap)
    NOI $18,764 @ 7.0% cap · market cap 3.79%
    Theoretical Best
    Office A
    $883.8K
    $773.3K – $1.03M (±1% cap)
    NOI $61,865 @ 7.0% cap · market cap 12.49%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Map

    City
    Watervliet
    County
    Berrien
    State
    Michigan
    Longitude
    -86.261261
    Latitude
    42.117768

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    FAQs

    What type of property is this?
    Auto shop - Established auto shop with loyal customer base and equipment.
    Where is this auto shop located?
    The property is located at 233 m140 M-140 Watervliet, MI.
    What is the asking price?
    The asking price for this property is $495,500.
    What are key features of this property?
    This property features: Established business with a 40+ year history of profitability.; Only garage in the area, providing a monopoly on services.; Includes existing customer accounts.
    (269) 208-3337
    We can help!
    Contact an agent
    Joyce Yerington
    Real Estate License ID: 6501243130
    Learn More
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