Used Car Dealership with
8720 Shaver Rd Portage, MI 49024
8720 Shaver Rd, Portage, MI, 49024
$325,000
For Sale
$325,000
Used car dealership property includes a 2,048 SF building with an attached garage and four overhead doors.
Property Size2,048 SF
Price / SF$158.69
Days on Market134
Property Features for 8720 Shaver Rd
General Information
- Standard status
- Active
- Size
- 2,048 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1984
Listing agency
Callander Commercial
Listed by
Thomas Keyte
Source
Cpix.resimplifi
Added: Mar 10 Updated: Jul 21 at 5:56AM Checked: Jul 21 at 5:56AM
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 Callander Commercial
Investment Insights
Based on property information with market context.
This used car dealership property features a 2,048 SF building with an attached garage served by four overhead doors, providing dedicated drive-in space for automotive sales and service operations. The Commercial Planned Development zoning offers flexibility for a range of retail, office, or service-based uses.
The property is located on Shaver Road in Portage, positioned between Meijer and Walmart in a strong retail corridor with high daily traffic exposure.
The combination of dealership-ready building space and garage access supports ongoing automotive activity while remaining adaptable for other commercial concepts permitted under the existing zoning designation.
The property is located on Shaver Road in Portage, positioned between Meijer and Walmart in a strong retail corridor with high daily traffic exposure.
The combination of dealership-ready building space and garage access supports ongoing automotive activity while remaining adaptable for other commercial concepts permitted under the existing zoning designation.
Key Highlights
- Used car dealership property featuring a 2,048 SF building and attached garage with four overhead doors.
- Attached garage includes 4 overhead doors for vehicle access suited to sales and service operations.
- Located on Shaver Road in Portage between Meijer and Walmart on a high‑traffic retail corridor.
Local Financial Insights For Retail
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 | $24.6k | $12.00 |
| − Vacancy | −$4.4k | −$2.15 |
| EGI | $20.2k | $9.85 |
| − OpEx | −$6.1k | −$2.96 |
| NOI | $14.1k | $6.90 |
2,048 SF · lease $12.00/SF/yr · vacancy 17.90% · expense 30.00%
Alternative Uses
Best Use
Industrial
$441.3K
$386.2K – $514.9K
NOI $30,894 @ 7.0% cap · market cap 9.51%
Second Best
Retail
$201.8K
$176.6K – $235.4K
NOI $14,124 @ 7.0% cap · market cap 4.35%
Theoretical Best
Warehouse
$535.9K
$468.9K – $625.2K
NOI $37,514 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Gerber Collision & Glass — 9040 Shaver Rd, Portage, MI 49024
- Shaver Road Auto Services — 8650 Shaver Rd, Portage, MI 49024
- Walmart Auto Care Centers — 8350 Shaver Rd, Portage, MI 49024
- Foreign Car Services, Inc. — 8730 Shaver Rd, Portage, MI 49024
- Autobody USA Southside — 8326 Shaver Rd, Portage, MI 49024
FAQs
What type of property is this?
Auto shop - Used car dealership property includes a 2,048 SF building with an attached garage and four overhead doors.
Where is this auto shop located?
The property is located at 8720 Shaver Rd Portage, MI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Used car dealership property featuring a 2,048 SF building and attached garage with four overhead doors.; Attached garage includes 4 overhead doors for vehicle access suited to sales and service operations.; Located on Shaver Road in Portage between Meijer and Walmart on a high‑traffic retail corridor.
