Self Service Car Wash
35141 Division Road, Richmond, MI 48062
For Sale
$1,250,000
Pending
COM/IND/BUS OPP, Richmond, MI
Property Size2,944 SF
Lot Size0.50 Acres
Days on Market141
Property Features for 35141 Division Road
General Information
Property type
Property subtype
Lot features
Subdivision
Standard status
APN
Size
Lot size
Utilities
Water source
Building Details
Year built
Roof type
Listing Agency:
Pilot Property Group - Residential LLC
(586) 254-0900
Listed By:
Anthony Rubino · License MI #6502425251
(586) 873-5419
Added: Jun 23
Changed: Oct 8
Last Checked: Nov 10 at 1:06AM
MLS# 50212397
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This for-sale self service car wash facility includes 2,944 square feet of commercial space on a 0.5-acre lot. The property is presented as an automotive-related asset within the car wash category, with the overall site area supporting a compact, stand-alone operational footprint.
Located at 35141 Division Road in Richmond, Michigan 48062, the property sits within Macomb County. The listing is specifically marketed as a commercial real estate opportunity and is identified under multiple property types, including car washes and self service car washes.
For tenants or buyers looking for an automotive-focused site, this property offers a straightforward fit as a car wash operation. With the size and lot configuration already established in the listing, prospective operators and investors can evaluate whether the available 2,944-square-foot building area and 0.5-acre site align with their intended self service car wash model and operational requirements.
Located at 35141 Division Road in Richmond, Michigan 48062, the property sits within Macomb County. The listing is specifically marketed as a commercial real estate opportunity and is identified under multiple property types, including car washes and self service car washes.
For tenants or buyers looking for an automotive-focused site, this property offers a straightforward fit as a car wash operation. With the size and lot configuration already established in the listing, prospective operators and investors can evaluate whether the available 2,944-square-foot building area and 0.5-acre site align with their intended self service car wash model and operational requirements.
Key Highlights
- Year built: 1985
- Water source: public
- Roof type: shingle
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,581
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,620
$771.6K
Cap Rate 7%
$551,157
$551.2K
Cap Rate 9%
$428,678
$428.7K
Market Conditions
NOI Build-Up for 2,944 SF
Gross rent
$58.3K $19.80/SF
− Vacancy
−$6.8K −$2.33/SF
EGI
$51.4K $17.47/SF
− OpEx
−$12.9K −$4.37/SF
NOI
$38.6K $13.11/SF
Area
Macomb County, MI
Vacancy
11.75%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,620
Cap Rate 7%
$551,157
Cap Rate 9%
$428,678
Alternative Uses
Best Use
Specialty Retail
$551.2K
$482.3K – $643.0K
NOI $38,581 @ 7.0% cap · market cap 3.09%
Second Best
Retail
$310.9K
$272.0K – $362.7K
NOI $21,762 @ 7.0% cap · market cap 1.74%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
8,398 visits/mo
0.3 miles
Marathon
Shops & Services
2,704 visits/mo
0.3 miles
PNC Bank
Shops & Services
1,966 visits/mo
0.3 miles
Demographics for 48062, MI
9,375
Population
3,631
Households
2.6
Avg Household Size
43
Median Age
25%
College-Educated
86%
High-School Grad
39.5 sq mi
ZIP Area
237
Density / Sq Mi
$75,763
Median Household Income
$39,181
Median Earnings
$882
Median Rent
$249,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Car wash - For-sale self service car wash on a half-acre lot with 2,944 square feet of commercial space in Richmond, Michigan.
Where is this car wash located?
The property is located at 35141 Division Road Richmond, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Year built: 1985; Water source: public; Roof type: shingle
