Automotive Service
684 Auburn Avenue Unit SourceFi Pontiac, MI 48342
684 Auburn Avenue Unit SourceFi, Pontiac, MI, 48342
$150,000
For Sale
$150,000
Former self-serve car wash site with C-3 corridor commercial zoning and redevelopment flexibility.
Property Size1,672 SF
Price / SF$89.71
Days on Market50
Property Features for 684 Auburn Avenue Unit SourceFi
General Information
- Standard status
- Active
- Size
- 1,672 SF
- Property subtype
- Industrial
Listing Agency
(248) 408-2104
Listed by
Realteam Real Estate
(248) 408-2104
Source
Xome
Added: May 30 Checked: Jul 18 at 2:31 am
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 Realteam Real Estate
Investment Insights
Based on property information with market context.
The property is a commercially zoned site with an existing storefront space that has functioned as a self-serve car wash in the past. Current conditions are described as a blank slate, supporting redevelopment or repurposing for a range of smaller commercial and service configurations.
The site is located on the C-3 Corridor in Pontiac, with the city no longer allowing a car wash to operate at the location. The property is presented as adaptable for uses that may include an automotive mechanic shop, small retail or service business, personal storage, or a private office space.
Prospective buyers should evaluate the property’s existing improvements and determine the appropriate fit for the intended post-car-wash use based on the site’s commercial zoning and city requirements.
The site is located on the C-3 Corridor in Pontiac, with the city no longer allowing a car wash to operate at the location. The property is presented as adaptable for uses that may include an automotive mechanic shop, small retail or service business, personal storage, or a private office space.
Prospective buyers should evaluate the property’s existing improvements and determine the appropriate fit for the intended post-car-wash use based on the site’s commercial zoning and city requirements.
Key Highlights
- Commercially zoned C‑3 Corridor property in Pontiac with redevelopment flexibility for permitted uses
- Former self‑serve car wash site; city will no longer allow a car wash to operate on this property
- Potential best use includes an automotive mechanic shop, small retail/service business, personal storage, or private office space
Local Financial Insights For Industrial
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 | $12.3k | $7.35 |
| − Vacancy | −$455 | −$0.27 |
| EGI | $11.8k | $7.08 |
| − OpEx | −$3.6k | −$2.12 |
| NOI | $8.3k | $4.95 |
1,672 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$257.0K
$224.9K – $299.9K
NOI $17,991 @ 7.0% cap · market cap 11.99%
Second Best
Industrial
$118.3K
$103.6K – $138.1K
NOI $8,284 @ 7.0% cap · market cap 5.52%
Theoretical Best
Specialty Retail
$360.6K
$315.6K – $420.8K
NOI $25,245 @ 7.0% cap · market cap 16.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Zoe Taylor
Dental Office
Similar For Sale Nearby
Similar Off Market Nearby
- Reading Truck — 55 E Silverdome Industrial Park #2985, Pontiac, MI 48342
FAQs
What type of property is this?
Auto shop - Former self-serve car wash site with C-3 corridor commercial zoning and redevelopment flexibility.
Where is this auto shop located?
The property is located at 684 Auburn Avenue Unit SourceFi Pontiac, MI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Commercially zoned C‑3 Corridor property in Pontiac with redevelopment flexibility for permitted uses; Former self‑serve car wash site; city will no longer allow a car wash to operate on this property; Potential best use includes an automotive mechanic shop, small retail/service business, personal storage, or private office space
