Three-Bay Self-Service Car
New
For Sale
Contact for pricing
5401 S Pennsylvania Ave, Lansing, MI 48911
Coin-operated wash with dedicated automotive repair space and ancillary areas.
Property Size2,275 SF
Price / SF$153.85
Days on Market7
Property Features for 5401 S Pennsylvania Ave
General Information
Standard status
Active
Size
2,275 SF
Property subtype
Retail, Industrial, Business for Sale
Zoning
201 COMMERCIAL-IMPROVED
Automotive
Service Bays
1
Car Wash Bays
3
Additional Details
Business Included
Yes
Amenities
stainless steel coin boxes
coin reader
CryptoPay
15,000 lb hoist
two additional spaces
Building Details
Year Built
1954
Buildings
1
Tenancy
Single
Listing Agency:
Five Star Real Estate
Listed By:
The Towner Team FIve Star Real Estate · License #6501302521
Source:
Crexi
Added: Jul 30
Changed: Aug 3
Last Checked: Aug 4 at 9:39AM
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 Five Star Real Estate
Investment Insights
Based on property information with market context.
This 2,275-square-foot self-service car wash was built in 1954 and has been maintained under the same ownership for 20 years. The facility includes three wash bays, stainless steel coin boxes, a coin reader, and CryptoPay acceptance. A newer roof and fascia are both less than 5 years old.
The property also contains two separate auxiliary spaces. One is occupied by Power Kleen, a car wash supply company, while the other is configured for automotive repair and includes a 15,000 lb hoist. The additional space supports repair, mechanic, or detailing operations. The property is located at 5401 S Pennsylvania Ave in Lansing and is identified as 201 COMMERCIAL-IMPROVED zoning.
The property also contains two separate auxiliary spaces. One is occupied by Power Kleen, a car wash supply company, while the other is configured for automotive repair and includes a 15,000 lb hoist. The additional space supports repair, mechanic, or detailing operations. The property is located at 5401 S Pennsylvania Ave in Lansing and is identified as 201 COMMERCIAL-IMPROVED zoning.
Key Highlights
- Three‑bay self‑service car wash with coin boxes, coin reader, and CryptoPay acceptance
- 2,275 square feet on a 1954‑built property
- Roof and fascia are less than 5 years old
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.9k | $16.20 |
| − Vacancy | −$4.4k | −$1.94 |
| EGI | $32.4k | $14.26 |
| − OpEx | −$8.1k | −$3.56 |
| NOI | $24.3k | $10.69 |
2,275 SF · lease $16.20/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$347.5K
$304.1K – $405.4K
NOI $24,324 @ 7.0% cap · market cap 6.95%
Second Best
Retail
$294.2K
$257.4K – $343.2K
NOI $20,591 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$468.3K
$409.8K – $546.3K
NOI $32,780 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
654
Businesses Nearby
104k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 42%
Shops & Services 40%
Groceries 11%
Electronics 5%
Menards
Home Improvements & Furnishings
43,223 visits/mo
0.5 miles
Five Below
Shops & Services
23,182 visits/mo
0.4 miles
Dollar Tree
Shops & Services
18,556 visits/mo
0.5 miles
Gordon Food Service
Groceries
11,584 visits/mo
0.4 miles
GameStop
Electronics
2,930 visits/mo
0.4 miles
Demographics for 48911, MI
40,566
Population
18,069
Households
2.2
Avg Household Size
36
Median Age
26%
College-Educated
90%
High-School Grad
17.3 sq mi
ZIP Area
2,345
Density / Sq Mi
$54,882
Median Household Income
$36,245
Median Earnings
$933
Median Rent
$136,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self service car wash - Coin-operated wash with dedicated automotive repair space and ancillary areas.
Where is this self service car wash located?
The property is located at 5401 S Pennsylvania Ave Lansing, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three‑bay self‑service car wash with coin boxes, coin reader, and CryptoPay acceptance; 2,275 square feet on a 1954‑built property; Roof and fascia are less than 5 years old
