Auto Shop with Multiple Work
855 E Isabella Road, Midland, MI 48640
For Sale
New
$999,900
Office and customer reception space complement automotive service, shop, and vehicle staging areas.
Property Size5,440 SF
Lot Size2.28 Acres
Price / SF$183.81
Days on Market5
Property Features for 855 E Isabella Road
General Information
Standard status
Size
Lot size
Site & Location
Highway Access
Road Access
Outdoor Storage
Additional Details
Automotive Uses
Real Estate Included
Listing Agency:
Modern Realty
(989) 486-9770
Listed By:
T.J. Peters · License #SBR-6501421871
(989) 439-3077
Source:
Alexmi
Added: Nov 4
Changed: Nov 7
Last Checked: Nov 7 at 7:16PM
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 Modern Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This automotive property includes approximately 5,440 square feet of building space across multiple buildings and work areas on approximately 2.28 acres. The improvements include automotive service areas, overhead doors, vehicle lifts, shop equipment, customer reception and waiting space, and offices. Paved outdoor areas provide space for vehicle staging, parking, and inventory.
The site fronts M-20, a state highway connecting Midland and Mount Pleasant. The property is at 855 E Isabella Road in Midland, Michigan.
The site fronts M-20, a state highway connecting Midland and Mount Pleasant. The property is at 855 E Isabella Road in Midland, Michigan.
Key Highlights
- Approximately 5,440± SF of building space on 2.28± acres
- Multiple buildings and work areas for automotive operations
- Automotive service areas, overhead doors, vehicle lifts, and shop equipment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,516
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,320
$750.3K
Cap Rate 7%
$535,943
$535.9K
Cap Rate 9%
$416,844
$416.8K
Market Conditions
NOI Build-Up for 5,440 SF
Gross rent
$65.3K $12.00/SF
− Vacancy
−$11.7K −$2.15/SF
EGI
$53.6K $9.85/SF
− OpEx
−$16.1K −$2.96/SF
NOI
$37.5K $6.90/SF
Area
Midland County, MI
Vacancy
17.90%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,320
Cap Rate 7%
$535,943
Cap Rate 9%
$416,844
Alternative Uses
Best Use
Retail
$535.9K
$469.0K – $625.3K
NOI $37,516 @ 7.0% cap · market cap 3.75%
Second Best
Industrial
$396.7K
$347.2K – $462.9K
NOI $27,772 @ 7.0% cap · market cap 2.78%
Theoretical Best
Flex RnD
$981.9K
$859.1K – $1.15M
NOI $68,731 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48640, MI
31,840
Population
14,340
Households
2.2
Avg Household Size
41
Median Age
38%
College-Educated
96%
High-School Grad
105.1 sq mi
ZIP Area
303
Density / Sq Mi
$81,630
Median Household Income
$43,353
Median Earnings
$928
Median Rent
$191,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Ppg Collision Repair Center — E Isabella Rd, Midland, MI 48640
- British & European Auto Repair — 833 E Isabella Rd, Midland, MI 48640
- M20 Auto Truck and Hydraulic — 804 E Isabella Rd, Midland, MI 48640
- Chippewa Auto & Rentals — 675 E Isabella Rd, Midland, MI 48640
- Eyes On Detailing & Window Tint — 845 E Isabella Rd, Midland, MI 48640
Frequently Asked Questions
What type of property is this?
Auto shop - Office and customer reception space complement automotive service, shop, and vehicle staging areas.
Where is this auto shop located?
The property is located at 855 E Isabella Road Midland, MI.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Approximately 5,440± SF of building space on 2.28± acres; Multiple buildings and work areas for automotive operations; Automotive service areas, overhead doors, vehicle lifts, and shop equipment
