Four-Bay Self-Service Car
For Sale
$249,900
636 Southfield Rd, Lincoln Park, MI 48146
Sale includes the operating business, real estate, and equipment supporting an established automotive use.
Property Size984 SF
Price / SF$253.96
Days on Market85
Property Features for 636 Southfield Rd
General Information
Standard status
Active
Size
984 SF
Taxes and HOA fees
Annual Taxes
$2,939
Listing Agency:
EXP Realty Main
(888) 501-7085
Listed By:
Fadi Dabaja · License #6506045188
(313) 600-6189
Source:
Exprealty
Added: Jul 22
Changed: Oct 8
Last Checked: Oct 12 at 8:27PM
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 EXP Realty Main
Investment Insights
Based on property information with market context.
This self-service car wash includes the operating business, real estate, and wash equipment. The approximately 984-square-foot block-and-brick building contains four self-service bays and a mechanical room with high-pressure pumps, chemical dispensing systems, commercial water-heating components, boiler equipment, circulation equipment, and related controls. Equipment age, condition, and remaining service life should be independently verified.
The property is located at 636 Southfield Rd near Fort Street in Lincoln Park, with approximately 55 feet of frontage along a commercial corridor. Paved access, on-site parking, alley access, exterior lighting, and security cameras support the site’s daily operation. Public water and sewer serve the property. The established automotive use and included operating systems provide a complete physical and business platform for continued self-service car wash operations.
The property is located at 636 Southfield Rd near Fort Street in Lincoln Park, with approximately 55 feet of frontage along a commercial corridor. Paved access, on-site parking, alley access, exterior lighting, and security cameras support the site’s daily operation. Public water and sewer serve the property. The established automotive use and included operating systems provide a complete physical and business platform for continued self-service car wash operations.
Key Highlights
- Four self‑service wash bays in an approximately 984‑square‑foot block‑and‑brick building
- Approximately 55 feet of frontage on Southfield Rd near Fort Street
- Business, real estate, and operating equipment included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,753
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,060
$255.1K
Cap Rate 7%
$182,186
$182.2K
Cap Rate 9%
$141,700
$141.7K
Market Conditions
NOI Build-Up for 984 SF
Gross rent
$17.7K $18.00/SF
− Vacancy
−$708 −$0.72/SF
EGI
$17.0K $17.28/SF
− OpEx
−$4.3K −$4.32/SF
NOI
$12.8K $12.96/SF
Area
Wayne County, MI
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,060
Cap Rate 7%
$182,186
Cap Rate 9%
$141,700
Alternative Uses
Best Use
Specialty Retail
$182.2K
$159.4K – $212.6K
NOI $12,753 @ 7.0% cap · market cap 5.10%
Second Best
Retail
$133.2K
$116.6K – $155.4K
NOI $9,324 @ 7.0% cap · market cap 3.73%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
37k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 43%
Electronics 2%
7-Eleven
Shops & Services
14,331 visits/mo
0.4 miles
Little Caesars Pizza
Dining
11,489 visits/mo
0.3 miles
BP
Shops & Services
6,391 visits/mo
0.0 miles
KFC
Dining
4,445 visits/mo
0.2 miles
Metro by T-Mobile
Electronics
666 visits/mo
0.1 miles
Demographics for 48146, MI
40,245
Population
15,874
Households
2.5
Avg Household Size
37
Median Age
11%
College-Educated
81%
High-School Grad
5.8 sq mi
ZIP Area
6,939
Density / Sq Mi
$57,183
Median Household Income
$36,886
Median Earnings
$972
Median Rent
$117,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Self service car wash - Sale includes the operating business, real estate, and equipment supporting an established automotive use.
Where is this self service car wash located?
The property is located at 636 Southfield Rd Lincoln Park, MI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Four self‑service wash bays in an approximately 984‑square‑foot block‑and‑brick building; Approximately 55 feet of frontage on Southfield Rd near Fort Street; Business, real estate, and operating equipment included
