Car Wash
For Sale
$339,000
3511 Scheele Dr, Jackson, MI 49202
The parcel has a documented history of vehicle-washing operations.
Property Size4,356 SF
Lot Size0.82 Acres
Price / SF$77.82
Days on Market116
Property Features for 3511 Scheele Dr
General Information
Standard status
Active
Size
4,356 SF
Lot size
0.82 Acres
Property subtype
Commercial
Building Details
Year Built
1985
Listing Agency:
ERA REARDON REALTY, L.L.C.
Listed By:
Jill Baker · License #6501437282
(517) 745-3114
Source:
Vmrealestatemichigan
Added: Jun 30
Changed: Oct 7
Last Checked: Oct 20 at 9:48PM
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 ERA REARDON REALTY, L.L.C.
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Investment Insights
Based on property information with market context.
This 0.82-acre property at 3511 Scheele Dr in Blackman Charter Township, Michigan, was built in 1985 and has a history of car wash use.
Major thoroughfares are nearby, and the surrounding area includes commercial and industrial properties.
Major thoroughfares are nearby, and the surrounding area includes commercial and industrial properties.
Key Highlights
- 0.82‑acre property
- Prior use included car wash operations
- Built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,263
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,260
$605.3K
Cap Rate 7%
$432,329
$432.3K
Cap Rate 9%
$336,256
$336.3K
Market Conditions
NOI Build-Up for 4,356 SF
Gross rent
$48.1K $11.04/SF
− Vacancy
−$4.9K −$1.12/SF
EGI
$43.2K $9.92/SF
− OpEx
−$13.0K −$2.98/SF
NOI
$30.3K $6.95/SF
Area
Jackson County, MI
Vacancy
10.10%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,260
Cap Rate 7%
$432,329
Cap Rate 9%
$336,256
Alternative Uses
Best Use
Specialty Retail
$591.3K
$517.4K – $689.8K
NOI $41,388 @ 7.0% cap · market cap 12.21%
Second Best
Industrial
$432.3K
$378.3K – $504.4K
NOI $30,263 @ 7.0% cap · market cap 8.93%
Theoretical Best
Office A
$695.4K
$608.5K – $811.3K
NOI $48,676 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
335k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Groceries 30%
Shops & Services 20%
Home Improvements & Furnishings 4%
Meijer
Groceries
99,896 visits/mo
0.3 miles
McDonald's
Dining
27,561 visits/mo
0.2 miles
Meijer Gas Station
Shops & Services
22,038 visits/mo
0.2 miles
Olive Garden
Dining
21,100 visits/mo
0.4 miles
Cracker Barrel Old Country Store
Dining
20,049 visits/mo
0.4 miles
Demographics for 49202, MI
19,359
Population
9,598
Households
2
Avg Household Size
37
Median Age
15%
College-Educated
91%
High-School Grad
12.7 sq mi
ZIP Area
1,524
Density / Sq Mi
$41,916
Median Household Income
$30,638
Median Earnings
$915
Median Rent
$104,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Car wash - The parcel has a documented history of vehicle-washing operations.
Where is this car wash located?
The property is located at 3511 Scheele Dr Jackson, MI.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 0.82‑acre property; Prior use included car wash operations; Built in 1985
