Three-Bay Self-Service Car
For Sale
$350,000
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 Market122
Property Features for 5401 S Pennsylvania Ave
General Information
Standard status
Active
Size
2,275 SF
Property subtype
Retail
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
Listing Agency:
Five Star Real Estate (Main)
Listed By:
Danielle Lopez
(616) 901-8730
Source:
Carwm.resimplifi
Added: Jul 6
Changed: Oct 25
Last Checked: Nov 3 at 3:08AM
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 (Main)
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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
Estimated NOI and Cap Rate
NOI / Yr
$24,324
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,480
$486.5K
Cap Rate 7%
$347,486
$347.5K
Cap Rate 9%
$270,267
$270.3K
Market Conditions
NOI Build-Up for 2,275 SF
Gross rent
$36.9K $16.20/SF
− Vacancy
−$4.4K −$1.94/SF
EGI
$32.4K $14.26/SF
− OpEx
−$8.1K −$3.56/SF
NOI
$24.3K $10.69/SF
Area
Lansing, MI
Vacancy
12.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,480
Cap Rate 7%
$347,486
Cap Rate 9%
$270,267
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.
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Property Analytics
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Current Use
Lease Details
1
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
Explore this area
Business Placement
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
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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
