Turnkey Self-Service Car
For Sale
$399,900
5946 Commerce Center Drive, Muskegon, MI 49444
COMMERCIAL - Muskegon, MI
Property Size3,186 SF
Lot Size0.50 Acres
Price / SF$125.52
Days on Market488
Property Features for 5946 Commerce Center Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
PUD
Interior features
Broadband
Elementary school district
Fruitport
Middle school district
Fruitport
High school district
Fruitport
Directions
East on Sternberg then South on Harvey to Commerce Center Dr.
Subdivision
Muskegon County - M
Standard status
Active
APN
6115428000000400
Size
3,186 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
FRUITPORT CHARTER TOWNSHIP GOLF VIEW RETAIL SITE CONDOMINIUMS UNIT 4 SEC 27 T9N R16W SUBJ TO WATERMAIN ESMT
Tax Annual Amount
6116
Legal Description
FRUITPORT CHARTER TOWNSHIP GOLF VIEW RETAIL SITE CONDOMINIUMS UNIT 4 SEC 27 T9N R16W SUBJ TO WATERMAIN ESMT
Utilities
Utilities
Cable Available
Heating system
Forced Air
Amenities
in-floor heating system
paper system backup
vacuum stations
coin machines
Building Details
Year built
2003
Floors in Building
1
Number of units
5
Building materials
Block
Roof type
Composition
Listing Agency:
Greenridge - Nexes
(231) 739-3501
Listed By:
Brock Edward Carlston · License #6501370180
(231) 578-0556
Added: Apr 28, 2025
Changed: Aug 4
Last Checked: Aug 28 at 2:06AM
MLS# 25018146
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale commercial property is a turnkey auto wash facility designed for customer self-service, featuring one touchless auto wash and four spacious bays for car wash operations. The site also includes four vacuum stations and two coin machines for customer convenience.
The building is equipped with an in-floor heating system intended to support year-round operation and help with snow melt. A paper system backup is also included to maintain reliability when systems are down.
The offering is for a commercial car wash on approximately 0.5 acres, with a total property size of about 3,186 square feet. Buyer and buyer’s agent should verify all information.
The building is equipped with an in-floor heating system intended to support year-round operation and help with snow melt. A paper system backup is also included to maintain reliability when systems are down.
The offering is for a commercial car wash on approximately 0.5 acres, with a total property size of about 3,186 square feet. Buyer and buyer’s agent should verify all information.
Key Highlights
- Fully operational, turnkey self‑service car wash facility.
- Includes one touchless auto wash, 4 spacious bays, and 4 vacuum stations.
- In‑floor heating system and snow melt for year‑round operation.
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
$35,436
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
8.86%
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%
$708,720
$708.7K
Cap Rate 7%
$506,229
$506.2K
Cap Rate 9%
$393,733
$393.7K
Market Conditions
NOI Build-Up for 3,186 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
$49.3K $15.48/SF
− Vacancy
−$2.1K −$0.65/SF
EGI
$47.2K $14.83/SF
− OpEx
−$11.8K −$3.71/SF
NOI
$35.4K $11.12/SF
Area
Muskegon County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
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%
$708,720
Cap Rate 7%
$506,229
Cap Rate 9%
$393,733
Alternative Uses
Best Use
Retail
$588.4K
$514.8K – $686.4K
NOI $41,185 @ 7.0% cap · market cap 10.30%
Second Best
Specialty Retail
$506.2K
$443.0K – $590.6K
NOI $35,436 @ 7.0% cap · market cap 8.86%
Theoretical Best
Hotel Hospitality
$29.92M
$26.18M – $34.91M
NOI $2,094,388 @ 7.0% cap · market cap 523.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
215k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 53%
Dining 26%
Home Improvements & Furnishings 9%
Shops & Services 9%
Kohl's
Apparel
55,213 visits/mo
0.5 miles
DICK'S Sporting Goods
Apparel
35,406 visits/mo
0.4 miles
Buffalo Wild Wings
Dining
27,632 visits/mo
0.4 miles
JCPenney
Apparel
24,142 visits/mo
0.3 miles
Family Farm & Home
Home Improvements & Furnishings
19,064 visits/mo
0.5 miles
Demographics for 49444, MI
26,281
Population
11,635
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
91%
High-School Grad
24.7 sq mi
ZIP Area
1,064
Density / Sq Mi
$52,143
Median Household Income
$34,423
Median Earnings
$941
Median Rent
$159,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self service car wash - Commercial car wash facility includes one touchless wash bay, four self-service bays, vacuum stations, and coin machines.
Where is this self service car wash located?
The property is located at 5946 Commerce Center Drive Muskegon, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Fully operational, turnkey self‑service car wash facility.; Includes one touchless auto wash, 4 spacious bays, and 4 vacuum stations.; In‑floor heating system and snow melt for year‑round operation.
