Turnkey Auto Dealership &
1923 S Washington Ave Lansing, MI 48910
For Sale
$258,000
Corner property with a dealership shop and three overhead doors, plus an adjacent residential lot for added space.
Property Size2,277 SF
Lot Size0.30 Acres
Price / SF$113.31
Days on Market317
Property Features for 1923 S Washington Ave
General Information
Standard status
Active
Size
2,277 SF
Lot size
0.30 Acres
Property subtype
Industrial, Retail
Listing Agency:
RE/MAX COMMERCIAL GROUP
(517) 321-2800
Listed By:
Matthew Wisniewski · License #6501360426
(517) 321-2800
Source:
Cpix.resimplifi
Added: Sep 17, 2025
Changed: Jul 23
Last Checked: Jul 23 at 11:00AM
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 RE/MAX COMMERCIAL GROUP
Investment Insights
Based on property information with market context.
This for-sale automotive property includes two contiguous parcels: 1923 S Washington Ave and 1919 S Washington Ave. Parcel 1 features a dealership and shop building with approximately 12,277 SF, along with a shop layout designed for vehicle access, including three overhead doors. Included shop equipment supports a turnkey start for the next owner.
The property sits on a highly visible corner of Mount Hope and S Washington Ave, providing strong exposure for vehicle-oriented activity. Parcel 2 is an adjacent residential lot at 1919 S Washington Ave, adding approximately 0.100 acres of additional space.
The combined parcels offer an owner-operator setup for vehicle sales and related operations, with the added flexibility of having two contiguous sites under one ownership.
The property sits on a highly visible corner of Mount Hope and S Washington Ave, providing strong exposure for vehicle-oriented activity. Parcel 2 is an adjacent residential lot at 1919 S Washington Ave, adding approximately 0.100 acres of additional space.
The combined parcels offer an owner-operator setup for vehicle sales and related operations, with the added flexibility of having two contiguous sites under one ownership.
Key Highlights
- Corner property at Mount Hope and S Washington Ave with dealership shop and drive‑by exposure
- 1923 S Washington Ave includes a 2,277 SF dealership/shop building on a 0.199‑acre lot
- Shop has three overhead doors for vehicle access
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.2k | $15.00 |
| − Vacancy | −$4.7k | −$2.07 |
| EGI | $29.4k | $12.93 |
| − OpEx | −$8.8k | −$3.88 |
| NOI | $20.6k | $9.05 |
2,277 SF · lease $15.00/SF/yr · vacancy 13.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$294.4K
$257.6K – $343.5K
NOI $20,609 @ 7.0% cap · market cap 7.99%
Second Best
Industrial
$211.4K
$184.9K – $246.6K
NOI $14,795 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$468.7K
$410.1K – $546.8K
NOI $32,809 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Jeff The Mechanic — 522 W Hodge Ave, Lansing, MI 48910
- CarZilla Auto Care — 3232 S Washington Ave, Lansing, MI 48910
- Hunt's Hog Shop — 3030 S Cedar St, Lansing, MI 48910
- D & D Automotive — 3121 S Cedar St, Lansing, MI 48910
- Juhl Tower Services, Inc. — 3121 s pennsylvania ave, lansing, mi 48910
Frequently Asked Questions
What type of property is this?
Auto shop - Corner property with a dealership shop and three overhead doors, plus an adjacent residential lot for added space.
Where is this auto shop located?
The property is located at 1923 S Washington Ave Lansing, MI.
What is the asking price?
The asking price for this property is $258,000.
What are key features of this property?
This property features: Corner property at Mount Hope and S Washington Ave with dealership shop and drive‑by exposure; 1923 S Washington Ave includes a 2,277 SF dealership/shop building on a 0.199‑acre lot; Shop has three overhead doors for vehicle access
