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42601 Joy Rd Canton, MI 48187-2060

OFF-MARKET Automotive properties Google Maps
20,711 SF 3.66 ac lot Built 1989
Entity Owned 14-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$400k
Range $360k – $440k (±10%)
Property ID US43-1484410

Property summary

AI-generated overview

This exceptional turnkey opportunity presents a well-established oil change and auto repair business situated on a highly visible 3.66-acre lot at 42601 Joy Road in Canton, Michigan. The property boasts a substantial 20,711 square feet of industrial space, perfectly suited for continued operation of the existing business. The business itself enjoys a proven track record of success, built upon a strong and loyal customer base cultivated over many years. The sale includes all equipment and inventory, ensuring a seamless transition for the new owner. This is a rare chance to acquire a profitable, established enterprise in a thriving community, ready to generate immediate income. The business offers a diverse range of services, including oil changes and comprehensive auto repair, catering to a broad customer base. Seller financing is available, making this an even more attractive proposition for qualified buyers. The high visibility location on Joy Road guarantees significant exposure and accessibility for customers. This is a truly turnkey operation, requiring minimal effort to begin generating revenue. Serious inquiries only. Please do not contact employees directly.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1989
Construction CONCRETE BLOCKS
Total area 20,711 SF
Lot 3.66 ac (159,430 SF)
Zoning code C-3
APN 71 006 99 0001 001
UPID US43-1484410

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.16M
Blend (final) Blend
$400k

Owner & transaction history

since 2011
3 recorded transactions
2011
Price N/A
2011
$500,000
2008
Price N/A

Zoning & alternative use

C-3 · Canton, MI
Zoning description

00. - C-1, VILLAGE SHOPPING DISTRICT ARTICLE 15.00. - C-1, VILLAGE SHOPPING DISTRICT Expand ARTICLE 16.00. - C-2, COMMUNITY COMMERCIAL DISTRICT ARTICLE 16.00. - C-2, COMMUNITY COMMERCIAL DISTRICT Expand ARTICLE 17.00. -…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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