Automotive Repair Shop with
New
For Sale
$535,000
4114 E Michigan Avenue, Jackson, MI 49202
Operating automotive repair business with dedicated office space, service equipment, and direct access to US-127 and I-94.
Property Size2,177 SF
Lot Size1.36 Acres
Price / SF$245.75
Days on Market2
Property Features for 4114 E Michigan Avenue
General Information
Standard status
Active
Size
2,177 SF
Lot size
1.36 Acres
Additional Details
Business Included
Yes
Highway Access
Yes
Service Bays
3
Amenities
separate office area
updated bathroom
new tile flooring in the office
security camera system
waste oil furnace
LED lighting throughout
newer metal roof
transferable 10-year warranty
well and septic service
three overhead doors
Building Details
Buildings
1
Listing Agency:
Elite Realty
(734) 513-2166
Listed By:
Trisha Banks
(734) 716-2120
Source:
Corneliusteam
Added: Sep 19
Last Checked: Sep 19 at 7:49AM
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 Elite Realty
Investment Insights
Based on property information with market context.
The offering includes an automotive repair business and its commercial property at 4114 E Michigan Avenue in Jackson, MI. The 1.36-acre site contains a 2,177-square-foot building with three overhead doors, a separate office, an updated bathroom, LED lighting, a security camera system, and a waste oil furnace. Recent improvements include office tile flooring and a newer metal roof supported by a transferable 10-year warranty.
Included equipment supports a range of automotive service work, including three 10,000 lb. vehicle lifts, a 2024 tire balancer, tire machine, A/C machine, two air compressors, an engine lift, arc welder, press, transmission jack, pipe bender, and specialty tools. The business has operated at this location since 2007 and has been family owned and operated since 1997. Well and septic service are in place, and the property offers access to both US-127 and I-94.
Included equipment supports a range of automotive service work, including three 10,000 lb. vehicle lifts, a 2024 tire balancer, tire machine, A/C machine, two air compressors, an engine lift, arc welder, press, transmission jack, pipe bender, and specialty tools. The business has operated at this location since 2007 and has been family owned and operated since 1997. Well and septic service are in place, and the property offers access to both US-127 and I-94.
Key Highlights
- 1.36‑acre commercial property with a 2,177‑square‑foot automotive repair building
- Three overhead doors and separate office area
- Three 10,000 lb. vehicle lifts included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,125
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$302,500
$302.5K
Cap Rate 7%
$216,071
$216.1K
Cap Rate 9%
$168,056
$168.1K
Market Conditions
NOI Build-Up for 2,177 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.0K $11.04/SF
− Vacancy
−$2.4K −$1.12/SF
EGI
$21.6K $9.92/SF
− OpEx
−$6.5K −$2.98/SF
NOI
$15.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$302,500
Cap Rate 7%
$216,071
Cap Rate 9%
$168,056
Alternative Uses
Best Use
Industrial
$216.1K
$189.1K – $252.1K
NOI $15,125 @ 7.0% cap · market cap 2.83%
Second Best
Retail
$214.5K
$187.7K – $250.2K
NOI $15,013 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$347.5K
$304.1K – $405.5K
NOI $24,327 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Service bays
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
1k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
FedEx Office Print & Ship Center
Shops & Services
555 visits/mo
0.5 miles
Hertz
Shops & Services
410 visits/mo
0.1 miles
Mobil
Shops & Services
363 visits/mo
0.5 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
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Similar Off Market Nearby
- Watson Diesel Service Co. — 1005 Thorrez Rd, Jackson, MI 49201
- Jim Winter Automotive Body Shop — 3303 w michigan ave, jackson, mi 49202
- Jimmie's Towing & Auto Service — 4201 W Michigan Ave, Jackson, MI 49201
- Dale's Auto & Truck Services — 3918 W Michigan Ave, Jackson, MI 49202
- Glen's Glass — 3914 W Michigan Ave, Jackson, MI 49202
Frequently Asked Questions
What type of property is this?
Auto shop - Operating automotive repair business with dedicated office space, service equipment, and direct access to US-127 and I-94.
Where is this auto shop located?
The property is located at 4114 E Michigan Avenue Jackson, MI.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 1.36‑acre commercial property with a 2,177‑square‑foot automotive repair building; Three overhead doors and separate office area; Three 10,000 lb. vehicle lifts included
