Car Wash Building With
For Sale
$115,000
1040 W North St, Kalamazoo, MI 49007
Former wash-station improvements include an attached service garage configured for vehicle movement.
Property Size1,156 SF
Price / SF$99.48
Days on Market162
Property Features for 1040 W North St
General Information
Standard status
Active
Size
1,156 SF
Property subtype
Retail
Zoning
LW1
Amenities
attached garage
pull-through layout
two overhead doors
Building Details
Year Built
1956
Buildings
1
Listing Agency:
Callander Commercial
Listed By:
Thomas Keyte
(269) 360-7616
Source:
Carwm.resimplifi
Added: May 6
Changed: Oct 10
Last Checked: Oct 12 at 4:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Callander Commercial
Investment Insights
Based on property information with market context.
The property includes a 1,156-square-foot building with an attached garage arranged for drive-through vehicle movement. Two overhead doors support access through the garage, and the improvements were previously used as a car wash station.
Built in 1956, the building is located at 1040 W North St in Kalamazoo, Michigan. Its existing automotive-oriented configuration may suit continued service use or a repositioning plan, subject to applicable approvals and requirements.
Built in 1956, the building is located at 1040 W North St in Kalamazoo, Michigan. Its existing automotive-oriented configuration may suit continued service use or a repositioning plan, subject to applicable approvals and requirements.
Key Highlights
- 1,156‑square‑foot building with attached garage
- Pull‑through garage configuration supports vehicle circulation
- Two overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,972
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$159,440
$159.4K
Cap Rate 7%
$113,886
$113.9K
Cap Rate 9%
$88,578
$88.6K
Market Conditions
NOI Build-Up for 1,156 SF
Gross rent
$13.9K $12.00/SF
− Vacancy
−$2.5K −$2.15/SF
EGI
$11.4K $9.85/SF
− OpEx
−$3.4K −$2.96/SF
NOI
$8.0K $6.90/SF
Area
Kalamazoo County, MI
Vacancy
17.90%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$159,440
Cap Rate 7%
$113,886
Cap Rate 9%
$88,578
Alternative Uses
Best Use
Industrial
$249.1K
$218.0K – $290.6K
NOI $17,438 @ 7.0% cap · market cap 15.16%
Second Best
Specialty Retail
$154.9K
$135.6K – $180.8K
NOI $10,846 @ 7.0% cap · market cap 9.43%
Theoretical Best
Warehouse
$302.5K
$264.7K – $352.9K
NOI $21,175 @ 7.0% cap · market cap 18.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Marathon Petroleum
Shops & Services
2,978 visits/mo
0.3 miles
Advia Credit Union
Shops & Services
2,088 visits/mo
0.5 miles
Demographics for 49007, MI
10,353
Population
5,102
Households
2
Avg Household Size
31
Median Age
24%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
2,958
Density / Sq Mi
$39,309
Median Household Income
$24,723
Median Earnings
$1,017
Median Rent
$103,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Car wash - Former wash-station improvements include an attached service garage configured for vehicle movement.
Where is this car wash located?
The property is located at 1040 W North St Kalamazoo, MI.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: 1,156‑square‑foot building with attached garage; Pull‑through garage configuration supports vehicle circulation; Two overhead doors
