Gas Station/Truck Stop
For Sale
$599,800
1480 WADHAMS Rd, Saint Clair, MI 48079
3.5-acre site suitable for gas station or truck stop.
Property Size4,000 SF
Lot Size3.43 Acres
Days on Market313
Property Features for 1480 WADHAMS Rd
General Information
Standard status
Active
Size
4,000 SF
Lot size
3.43 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,205
Building Details
Building Size
4,000 SF
Year Built
1970
Listing Agency:
Got Key'D Realty
Listed By:
Ali Abdallah · License #6501421572
(313) 228-5710
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 23
Last Checked: Oct 5 at 6:51PM
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 Got Key'D Realty
Investment Insights
Based on property information with market context.
This property, situated on approximately 3.5 acres, presents an opportunity for developing a gas station, truck stop, or plaza. The site includes existing underground tanks that receive yearly maintenance. Located at the corner of I-94 and Wadhams, the property is currently vacant.
Key Highlights
- Approximately 3.5‑acre property suitable for gas station/truck stop or plaza.
- Located on the corner of I‑94 and Wadhams.
- Existing underground tanks with yearly maintenance.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,708
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,034,160
$1.0M
Cap Rate 7%
$738,686
$738.7K
Cap Rate 9%
$574,533
$574.5K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$75.8K $18.96/SF
− Vacancy
−$2.0K −$0.49/SF
EGI
$73.9K $18.47/SF
− OpEx
−$22.2K −$5.54/SF
NOI
$51.7K $12.93/SF
Area
St. Clair County, MI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,034,160
Cap Rate 7%
$738,686
Cap Rate 9%
$574,533
Alternative Uses
Best Use
Specialty Retail
$791.4K
$692.5K – $923.4K
NOI $55,401 @ 7.0% cap · market cap 9.24%
Second Best
Retail
$738.7K
$646.4K – $861.8K
NOI $51,708 @ 7.0% cap · market cap 8.62%
Theoretical Best
Multifamily LT 5
$3.01M
$2.63M – $3.51M
NOI $210,495 @ 7.0% cap · market cap 35.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 48079, MI
12,553
Population
5,403
Households
2.3
Avg Household Size
45
Median Age
25%
College-Educated
95%
High-School Grad
41.9 sq mi
ZIP Area
300
Density / Sq Mi
$80,313
Median Household Income
$46,643
Median Earnings
$1,090
Median Rent
$276,600
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?
Truck stop - 3.5-acre site suitable for gas station or truck stop.
Where is this truck stop located?
The property is located at 1480 WADHAMS Rd Saint Clair, MI.
What is the asking price?
The asking price for this property is $599,800.
What are key features of this property?
This property features: Approximately 3.5‑acre property suitable for gas station/truck stop or plaza.; Located on the corner of I‑94 and Wadhams.; Existing underground tanks with yearly maintenance.
