Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Auto Shop Showroom Title is generated by Realmo AI

    15 WELLS Street, Croswell, MI 48422

    View on Map
    Claim this Listing
    Picture of Showrooms at 15 WELLS Street, Croswell, MI
    For Sale
    $185,000

    COMMERCIAL - Croswell, MI

    Property size:
    4,616 SF
    Lot size:
    0.27 Acres
    Price / SF:
    $40/SF
    Added:
    Mar 11, 2026
    Days on Market:
    87
    Last Refresh:
    Jun 5 at 9:06 pm

    Property Features for 15 WELLS Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    310-100-007-001-03
    Size
    4,616 SF
    Lot size
    0.27 Acres

    Utilities

    Heating system
    Forced Air, Space Heater
    Water source
    Public

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    Virginia McNabb
    Virginia McNabb

    Listing agent Virginia McNabb License #6506039284

    Listing office Town & Country Realty-Lexington 5543 Main St, MI

    Listing date Mar 11, 2026

    MLS# 50201347

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 4616 sq ft gross building area with front masonry building and rear shop space
    • Front 3648 sq ft masonry building built in the 1950s (estimated) with flat rubber roof reportedly ~6 years old
    • Front space divided into showroom/office/lobby and parts area, heated by NGFA
    • 968 sq ft pole barn addition added in 2010–2011; rear shop heated by a variety of heating units
    • Rear shop includes overhead doors for vehicle ingress/egress
    • Water source: public; heating includes forced air and space heater

    Overview

    This downtown property offers a total of 4,616 square feet of gross building area, combining a masonry front portion with a later rear addition. The front 3,648 square feet includes showroom/office/lobby and a parts area, heated by NGFA, with a flat rubber roof estimated to be about 6 years old. A 968 square foot pole barn addition was added in 2010–2011 and expands the usable building footprint.

    Located at 15 WELLS Street in Croswell, Michigan, the building is configured to support both customer-facing and vehicle-related operations. The rear shop is heated with a variety of heating units and includes overhead doors for vehicle ingress and egress.

    The layout is well suited for buyers or tenants seeking an automotive-oriented facility that can handle showroom or office use at the front while maintaining dedicated heated shop space in the back. With separation between front customer-facing functions and the rear vehicle access area, the property supports day-to-day operations where vehicles need reliable entry and exit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bricker Auto Sales ... Auto Repair Shop

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store Accounting Firm Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Croswell
    County
    Sanilac
    State
    Michigan
    Longitude
    -82.620126
    Latitude
    43.275849

    Nearby Similar for Sale

    • $114,900
      4,756 SF

      Two-Storefront Commercial Building

      Two street-level storefronts with upstairs living/office potential and a three-story outbuilding on a downtown lot.
      33 N Howard Street, Croswell, MI 48422
      View Details
    • $695,000
      6,392 SF

      Turnkey Bar and Restaurant

      Fully remodeled bar and restaurant with a Class C liquor license and included equipment, sold as turn-key with the property.
      53 N Howard Avenue, Croswell, MI 48422
      View Details
    • $475,000
      4,900 SF

      Year-Round Garden Center with Canopy

      Year-round floral and plant center with over 16,000 SF of canopy space and sale includes equipment and inventory.
      180 Davis Street, Croswell, MI 48422
      View Details
    • $185,000
      4,616 SF

      Downtown Commercial Building For Sale

      4616 sq ft building in great downtown location.
      15 WELLS St, Croswell, MI 48422
      View Details
    • $139,000

      Two-Storefront Commercial Property in Croswell

      Unique commercial property with storefronts, living quarters, and outbuilding.
      33 N Howard St, Croswell, MI 48422
      View Details

    FAQs

    What type of property is this?
    Showroom - Mixed showroom, office, parts, and heated rear shop space with overhead doors for vehicle access.
    Where is this showroom located?
    The property is located at 15 WELLS Street Croswell, MI.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: 4616 sq ft gross building area with front masonry building and rear shop space; Front 3648 sq ft masonry building built in the 1950s (estimated) with flat rubber roof reportedly ~6 years old; Front space divided into showroom/office/lobby and parts area, heated by NGFA
    (810) 404-5681
    We can help!
    Listing Contact
    Virginia McNabb
    Virginia McNabb
    Real Estate License ID: 6506039284
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    15 WELLS Street, Croswell, MI 48422
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!