Updated Self-Service Car
For Sale
$230,000
2505 East Kalamazoo Street, Lansing, MI 48912
Commercial-zoned car wash with refreshed exterior elements and modernized payment equipment.
Property Size1,440 SF
Days on Market16
Property Features for 2505 East Kalamazoo Street
General Information
Standard status
Active
Size
1,440 SF
Property subtype
BO-OTH, SCR-VEH
Zoning
Commercial
Additional Details
Road Access
Yes
Building Details
Building Size
1,440 SF
Year Built
1964
Buildings
1
Stories
1
Listing Agency:
Keller Williams Realty Lansing
Listed By:
Kenneth Burton · License #6501414220
(517) 242-2000
Source:
Realnex
Added: Sep 21
Changed: Sep 22
Last Checked: Oct 5 at 2:59PM
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 Keller Williams Realty Lansing
Investment Insights
Based on property information with market context.
This self-service car wash at 2505 East Kalamazoo Street in Lansing, Michigan, dates to 1964 and is situated on a corner parcel. The property has received several updates, including a replacement roof, exterior repainting, and refreshed payment equipment supporting both credit card and coin transactions.
Access is provided by two curb cuts, creating separate entry and exit points for customer circulation. The site is identified as Commercial zoning and benefits from a location described as carrying strong vehicle traffic. The existing car wash infrastructure and recent physical improvements provide a defined operating platform for an automotive service user.
Access is provided by two curb cuts, creating separate entry and exit points for customer circulation. The site is identified as Commercial zoning and benefits from a location described as carrying strong vehicle traffic. The existing car wash infrastructure and recent physical improvements provide a defined operating platform for an automotive service user.
Key Highlights
- Self‑service car wash at 2505 East Kalamazoo Street, Lansing, MI 48912
- Built in 1964
- Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,396
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,920
$307.9K
Cap Rate 7%
$219,943
$219.9K
Cap Rate 9%
$171,067
$171.1K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$23.3K $16.20/SF
− Vacancy
−$2.8K −$1.94/SF
EGI
$20.5K $14.26/SF
− OpEx
−$5.1K −$3.56/SF
NOI
$15.4K $10.69/SF
Area
Lansing, MI
Vacancy
12.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,920
Cap Rate 7%
$219,943
Cap Rate 9%
$171,067
Alternative Uses
Best Use
Specialty Retail
$219.9K
$192.5K – $256.6K
NOI $15,396 @ 7.0% cap · market cap 6.69%
Second Best
Retail
$186.2K
$162.9K – $217.2K
NOI $13,033 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$296.4K
$259.4K – $345.8K
NOI $20,749 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Explore this area
Business Placement
Demographics for 48912, MI
17,155
Population
9,064
Households
1.9
Avg Household Size
34
Median Age
40%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
3,299
Density / Sq Mi
$53,072
Median Household Income
$34,598
Median Earnings
$1,037
Median Rent
$139,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Self service car wash - Commercial-zoned car wash with refreshed exterior elements and modernized payment equipment.
Where is this self service car wash located?
The property is located at 2505 East Kalamazoo Street Lansing, MI.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Self‑service car wash at 2505 East Kalamazoo Street, Lansing, MI 48912; Built in 1964; Commercial zoning
