Building Details

Building materials Block

Roof type Asphalt

Listing Agency: COLDWELL BANKER SCHMIDT REALTORS-HL k***@cbgreatlakes.com Show Phone

Listed By: RUTH CLEMENS · License #6506043271 Show Phone

Added: Sep 28 Changed: Oct 1 Last Checked: Oct 6 at 1:06AM

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MLS# 1951027

Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2,880-square-foot car wash pairs one touchless automatic wash with four self-serve bays. Six vacuums, a vending machine and coin changers are also on site. The building has block construction, a private water source and an asphalt roof.

The 2-acre property fronts Highway M-55 and Denton Creek, with over 200 feet along each. It sits on the corridor between I-75 and US-127, across from Houghton Lake.

Key Highlights

• One touchless automatic wash and four self‑serve bays
• Six vacuums, vending machine and coin changers
• 2,880‑square‑foot facility on 2 acres

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,926

Cap Rate

6.75%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$438,520 $438.5K

Cap Rate 7%

$313,229 $313.2K

Cap Rate 9%

$243,622 $243.6K

Market Conditions

NOI Build-Up for 2,880 SF

Gross rent

$40.4K $14.04/SF

− Vacancy

−$11.2K −$3.89/SF

EGI

$29.2K $10.15/SF

− OpEx

−$7.3K −$2.54/SF

NOI

$21.9K $7.61/SF

Area

Roscommon County, MI

Vacancy

27.70%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$438,520

Cap Rate 7%

$313,229

Cap Rate 9%

$243,622

Alternative Uses

Best Use

Specialty Retail

$313.2K

$274.1K – $365.4K (±1% cap)

NOI $21,926 @ 7.0% cap · market cap 6.75%

Second Best

Retail

$297.9K

$260.7K – $347.6K (±1% cap)

NOI $20,854 @ 7.0% cap · market cap 6.42%

Theoretical Best

Office A

$474.0K

$414.7K – $553.0K (±1% cap)

NOI $33,178 @ 7.0% cap · market cap 10.21%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

East Bay Car ... Car Wash

Suggested Use

Top Pick Auto Parts Store Storage Facility Big Box & Wholesale Store Law Firm Plumbing Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

134

Businesses Nearby

Explore this area Business Placement

Demographics for 48651, MI

4,396

Population

3,825

Households

1.1

Avg Household Size

56

Median Age

19%

College-Educated

92%

High-School Grad

71.0 sq mi

ZIP Area

62

Density / Sq Mi

$42,938

Median Household Income

$32,917

Median Earnings

$797

Median Rent

$156,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this car washes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Car wash - The operating layout combines an automatic wash with multiple self-service options and on-site vacuum stations.

Where is this car wash located?

The property is located at 225 W Houghton Lake Drive Prudenville, MI.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: One touchless automatic wash and four self‑serve bays; Six vacuums, vending machine and coin changers; 2,880‑square‑foot facility on 2 acres