Building Details

Buildings 1

Listing Agency: Rise Realty Group LLC

Listed By: Chad Monroe Show Phone

Source: Carwm.resimplifi

Added: Sep 9 Changed: Oct 25 Last Checked: Oct 30 at 10:39AM

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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 Rise Realty Group LLC

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Investment Insights

Based on property information with market context.

This automotive property is arranged for repair, detailing, and customer-facing operations. The facility has three service bays, including two mechanical bays equipped with vehicle lifts and a separate bay for detailing. A front office provides space for reception and administrative functions, supporting both service and sales activity.

Positioned on Chicago Drive in Hudsonville, the property benefits from frontage along a corridor reporting 25,000+ vehicles per day. The site includes convenient ingress and egress, while MU zoning supports its documented automotive commercial use. The existing bay layout and office component provide a functional setup for an auto shop, specialty repair operation, detailing business, or fleet maintenance use.

Key Highlights

• Three total bays, including two mechanical repair bays and one dedicated detailing bay
• Two vehicle lifts included in the mechanical service area
• Front office configured for reception and administrative functions

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,927

Cap Rate

4.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$598,540 $598.5K

Cap Rate 7%

$427,529 $427.5K

Cap Rate 9%

$332,522 $332.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,028 SF

Gross rent

$43.8K $21.60/SF

− Vacancy

−$1.1K −$0.52/SF

EGI

$42.8K $21.08/SF

− OpEx

−$12.8K −$6.32/SF

NOI

$29.9K $14.76/SF

Area

Ottawa County, MI

Vacancy

2.40%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$598,540

Cap Rate 7%

$427,529

Cap Rate 9%

$332,522

Alternative Uses

Best Use

Industrial

$427.5K

$374.1K – $498.8K (±1% cap)

NOI $29,927 @ 7.0% cap · market cap 4.07%

Second Best

Retail

$300.7K

$263.2K – $350.9K (±1% cap)

NOI $21,052 @ 7.0% cap · market cap 2.86%

Theoretical Best

Multifamily LT 5

$25.22M

$22.07M – $29.42M (±1% cap)

NOI $1,765,311 @ 7.0% cap · market cap 240.18%

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

All the Extra's Car Dealership

Suggested Use

Top Pick Restaurant Law Firm Spa & Massage Center Real Estate Agency Auto Parts Store Hair Salon

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

3

Service bays

25,000 VPD

Traffic count

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

429

Businesses Nearby

14k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 52% Shops & Services 48%

Pizza Ranch Dining

7,167 visits/mo 0.2 miles

Mobil Shops & Services

3,541 visits/mo 0.2 miles

Macatawa Bank Shops & Services

2,547 visits/mo 0.2 miles

Muffler Man Shops & Services

474 visits/mo 0.5 miles

Demographics for 49426, MI

40,467

Population

14,020

Households

2.9

Avg Household Size

36

Median Age

44%

College-Educated

98%

High-School Grad

60.3 sq mi

ZIP Area

671

Density / Sq Mi

$106,981

Median Household Income

$53,620

Median Earnings

$1,199

Median Rent

$338,100

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

Similar Off Market Nearby

• Quick Oil Change Quaker State — 4674 32nd Ave, Hudsonville, MI 49426
• Performance Plus Quick Oil Change — 4674 32nd Ave, Hudsonville, MI 49426
• Tom's General Welding Inc — 3990 Chicago Dr, Hudsonville, MI 49426
• Dykstra's Auto - Hudsonville — 5180 37th Ave, Hudsonville, MI 49426
• WINDSHIELD GUYZ — 5235 park ave, hudsonville, mi 49426

Frequently Asked Questions

What type of property is this?

Auto shop - Automotive facility with repair, detailing, and customer office areas.

Where is this auto shop located?

The property is located at 3590 Chicago Dr Hudsonville, MI.

What is the asking price?

The asking price for this property is $735,000.

What are key features of this property?

This property features: Three total bays, including two mechanical repair bays and one dedicated detailing bay; Two vehicle lifts included in the mechanical service area; Front office configured for reception and administrative functions