Turnkey Industrial Collision
207 N Main St Olivet, MI 49076
207 N Main St, Olivet, MI, 49076
Contact for pricing
For Sale
Contact for pricing
5,624 sq ft industrial building built in 2005 with office amenities and collision shop space.
Property Size5,624 SF
Lot Size0.36 Acres
Price / SF$97.80
Days on Market111
Property Features for 207 N Main St
General Information
- Standard status
- Active
- Size
- 5,624 SF
- Lot size
- 0.36 Acres
- Property subtype
- Business for Sale, Industrial, Retail
Building Details
- Year Built
- 2005
Listing agency
RE/MAX Commercial Group
(517) 321-2800
Listed by
Matthew Wisniewski · License #MI 6501360426
Source
Crexi
Added: Apr 2 Updated: Jul 20 at 6:02PM Checked: Jul 20 at 6:02PM
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 modern industrial building was constructed in 2005 and totals 5,624 sq ft. It is currently occupied by Precision Collision and is being offered with the established business and all equipment, or as the building alone. The office area includes a kitchenette and a private restroom, and the shop area has a dedicated employee restroom.
The property sits on a 0.363-acre parcel at 207 N Main St in Olivet, MI, in the downtown area. It is positioned to support continued collision repair operations and can also be adapted for other warehouse, manufacturing, or service uses.
The facility is described as turnkey and ready for immediate occupancy and operation, with the existing configuration including office and employee restroom facilities in addition to the shop space.
The property sits on a 0.363-acre parcel at 207 N Main St in Olivet, MI, in the downtown area. It is positioned to support continued collision repair operations and can also be adapted for other warehouse, manufacturing, or service uses.
The facility is described as turnkey and ready for immediate occupancy and operation, with the existing configuration including office and employee restroom facilities in addition to the shop space.
Key Highlights
- 5,624 sq ft industrial building built in 2005 on a 0.363‑acre parcel in downtown Olivet
- Currently occupied by Precision Collision; offered with the established business and all equipment or as the building alone
- Office area includes a kitchenette and private restroom
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 | $87.1k | $15.48 |
| − Vacancy | −$15.6k | −$2.77 |
| EGI | $71.5k | $12.71 |
| − OpEx | −$21.4k | −$3.81 |
| NOI | $50.0k | $8.90 |
5,624 SF · lease $15.48/SF/yr · vacancy 17.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$714.8K
$625.4K – $833.9K
NOI $50,033 @ 7.0% cap · market cap 9.10%
Second Best
Industrial
$398.1K
$348.3K – $464.4K
NOI $27,865 @ 7.0% cap · market cap 5.07%
Theoretical Best
Multifamily LT 5
$64.75M
$56.65M – $75.54M
NOI $4,532,323 @ 7.0% cap · market cap 824.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Precision Collision
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Precision Collision — 207 N Main St, Olivet, MI 49076
- Olivet Hardware — 116 N Main St #9403, Olivet, MI 49076
- Eagle Automotive Services, Inc — 216 N Main St, Olivet, MI 49076
- Indian Creek Ag — 7904 McDonald Rd, Olivet, MI 49076
FAQs
What type of property is this?
Auto shop - 5,624 sq ft industrial building built in 2005 with office amenities and collision shop space.
Where is this auto shop located?
The property is located at 207 N Main St Olivet, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 5,624 sq ft industrial building built in 2005 on a 0.363‑acre parcel in downtown Olivet; Currently occupied by Precision Collision; offered with the established business and all equipment or as the building alone; Office area includes a kitchenette and private restroom
