Automotive Service
For Sale
$495,500
233 m140 M-140, Watervliet, MI 49098
Commercial Sale, Watervliet, MI
Property Size4,200 SF
Lot Size0.10 Acres
Price / SF$117.98
Days on Market232
Property Features for 233 m140 M-140
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
Watervliet
Middle school district
Watervliet
High school district
Watervliet
Directions
Napier to m140- turn left garage
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
Legal Description
tbo
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
Listing Agency:
Active Realtors
(269) 927-4700
Listed By:
Joyce Yerington · License #6501243130
(269) 208-3337
Added: Feb 17
Changed: Sep 7
Last Checked: Oct 7 at 12:06AM
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.
Investment Insights
Based on property information with market context.
This 4,200-square-foot automotive service property occupies 0.1 acres and was built in 1959. The facility includes three garage doors, two air compressors, four tow trucks, a bathroom, forced-air heating, and a composition roof. Phone service is available, with water supplied by a well and wastewater handled through a septic tank.
Located at 233 M-140 in Watervliet, Michigan, the property provides an operating garage configuration with dedicated vehicle-service equipment and towing assets. The existing improvements and service-related equipment support continued automotive use, subject to applicable requirements.
Located at 233 M-140 in Watervliet, Michigan, the property provides an operating garage configuration with dedicated vehicle-service equipment and towing assets. The existing improvements and service-related equipment support continued automotive use, subject to applicable requirements.
Key Highlights
- 4,200‑square‑foot automotive service property
- 0.1‑acre site at 233 M‑140, Watervliet, MI 49098
- Three garage doors and two air compressors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,600
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$872,000
$872.0K
Cap Rate 7%
$622,857
$622.9K
Cap Rate 9%
$484,444
$484.4K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$65.0K $15.48/SF
− Vacancy
−$2.7K −$0.65/SF
EGI
$62.3K $14.83/SF
− OpEx
−$18.7K −$4.45/SF
NOI
$43.6K $10.38/SF
Area
Berrien County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$872,000
Cap Rate 7%
$622,857
Cap Rate 9%
$484,444
Alternative Uses
Best Use
Retail
$622.9K
$545.0K – $726.7K
NOI $43,600 @ 7.0% cap · market cap 8.80%
Second Best
Industrial
$268.1K
$234.6K – $312.7K
NOI $18,764 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$883.8K
$773.3K – $1.03M
NOI $61,865 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49098, MI
5,739
Population
3,032
Households
1.9
Avg Household Size
44
Median Age
21%
College-Educated
88%
High-School Grad
32.6 sq mi
ZIP Area
176
Density / Sq Mi
$56,899
Median Household Income
$30,278
Median Earnings
$1,253
Median Rent
$150,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Kraklau's Repair Services — 233 M-140, Watervliet, MI 49098
Frequently Asked Questions
What type of property is this?
Auto shop - Garage facility with service equipment, tow trucks, forced-air heating, and established well and septic systems.
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: 4,200‑square‑foot automotive service property; 0.1‑acre site at 233 M‑140, Watervliet, MI 49098; Three garage doors and two air compressors
