Automotive Shop with Overhead
1923 S Washington Ave Lansing, MI 48910
For Sale
Contact for pricing
Dealership and shop on two contiguous parcels, including three overhead doors and shop equipment.
Property Size2,277 SF
Lot Size0.30 Acres
Price / SF$122.97
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
Listing Agency:
RE/MAX Commercial Group
(517) 402-3535
Listed By:
Saeed Jafaei, CCIM, MBA, MScIB
(517) 402-3535
Source:
Moodyscre
Added: Sep 17, 2025
Changed: Jul 26
Last Checked: Jul 29 at 2:12PM
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.
Located at 1923 S Washington Ave, this property includes a dealership and shop building totaling about 2,277 SF. The shop has three overhead doors for vehicle access, and the listing notes shop equipment is included for immediate operation. Parcel 1 is paired with an adjacent residential lot at 1919 S Washington Ave, adding approximately 0.100 acres of additional space.
The parcels are situated on a visible corner at Mount Hope and S Washington Ave in Lansing, with drive-by exposure intended to support vehicle sales and customer traffic.
As presented, the combination of a vehicle-oriented shop setup and two contiguous parcels offers an owner-operator configuration for an automotive-focused business.
The parcels are situated on a visible corner at Mount Hope and S Washington Ave in Lansing, with drive-by exposure intended to support vehicle sales and customer traffic.
As presented, the combination of a vehicle-oriented shop setup and two contiguous parcels offers an owner-operator configuration for an automotive-focused business.
Key Highlights
- Car dealership and shop at 1923 S Washington Ave with ±2,277 SF building on a ±0.199‑acre lot
- Shop has three overhead doors for vehicle access
- Shop equipment included, so you can start operating immediately
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 7.36%
Second Best
Industrial
$211.4K
$184.9K – $246.6K
NOI $14,795 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$468.7K
$410.1K – $546.8K
NOI $32,809 @ 7.0% cap · market cap 11.72%
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 - Dealership and shop on two contiguous parcels, including three overhead doors and shop equipment.
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 $280,000.
What are key features of this property?
This property features: Car dealership and shop at 1923 S Washington Ave with ±2,277 SF building on a ±0.199‑acre lot; Shop has three overhead doors for vehicle access; Shop equipment included, so you can start operating immediately
