Automotive Service and Recycle
2025 Knolson St Westland, MI 48185
2025 Knolson St, Westland, MI, 48185
$450,000
For Sale
$450,000
Sale includes four parcels with 3-phase power, one overhead door, and a roof installed about two years ago.
Property Size2,000 SF
Lot Size0.61 Acres
Price / SF$225
Days on Market84
Property Features for 2025 Knolson St
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Lot size
- 0.61 Acres
Listing agency
Van Esley Real Estate Inc
(734) 459-7570
Listed by
Joseph P Van Esley · License #6501185636
(734) 459-7570
Source
Exprealty
Added: May 1 Updated: Jul 22 at 8:28PM Checked: Jul 22 at 8:28PM
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 Van Esley Real Estate Inc
Investment Insights
Based on property information with market context.
This for-sale automotive property is being sold as a package of four parcels totaling 0.61 acre, with the listing reflecting a combined summation of all parcels. The site currently operates under Automotive Class B & R (Recycle) and Used Vehicle Licenses; the purchaser will be responsible for applying for new licenses. The roof is reported to be about two years old, and the property has 3-phase power and one overhead door. Equipment is not included in the sale and is available separately for additional consideration.
Occupancy is expected to be handled by the owner with approximately six months of negotiable possession after closing. All information is approximate and should be verified by the buyer and their advisors, including consulting an attorney familiar with the licensing process and requirements.
Occupancy is expected to be handled by the owner with approximately six months of negotiable possession after closing. All information is approximate and should be verified by the buyer and their advisors, including consulting an attorney familiar with the licensing process and requirements.
Key Highlights
- Sale includes 4 parcels totaling 0.61 acre (listing data reflects a summation of all 4 parcels)
- On‑site 3‑phase power
- Includes 1 overhead door
Local 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 | $28.8k | $14.40 |
| − Vacancy | −$1.7k | −$0.86 |
| EGI | $27.1k | $13.54 |
| − OpEx | −$8.1k | −$4.06 |
| NOI | $19.0k | $9.48 |
2,000 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$270.7K
$236.9K – $315.8K
NOI $18,950 @ 7.0% cap · market cap 4.21%
Second Best
Industrial
$147.9K
$129.4K – $172.6K
NOI $10,354 @ 7.0% cap · market cap 2.30%
Theoretical Best
Specialty Retail
$370.3K
$324.0K – $432.0K
NOI $25,920 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
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Similar Off Market Nearby
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- Radiator Hospital — 39139 Ford Rd, Westland, MI 48185
- Don's Garage — 2163 N Marie St, Westland, MI 48185
- Usa 1st Auto Shop — 2037 N Marie St, Westland, MI 48185
- Schneider Tire Outlet Distribution Center — 1552 Superior Pkwy, Westland, MI 48185
FAQs
What type of property is this?
Auto shop - Sale includes four parcels with 3-phase power, one overhead door, and a roof installed about two years ago.
Where is this auto shop located?
The property is located at 2025 Knolson St Westland, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Sale includes 4 parcels totaling 0.61 acre (listing data reflects a summation of all 4 parcels); On‑site 3‑phase power; Includes 1 overhead door
