Heated Auto Shop With Vehicle
For Sale
$199,000
Pending
9449 Genesee Street, New Lothrop, MI 48460
COM/IND/BUS OPP, New Lothrop, MI
Property Size2,464 SF
Lot Size0.09 Acres
Days on Market101
Property Features for 9449 Genesee Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Off Street
Security features
Security Lighting
Exterior features
Security Lighting
Lot features
Corner Lot
Subdivision
New Lothrop (78026)
Standard status
Pending
APN
0046000500803
Size
2,464 SF
Lot size
0.09 Acres
Utilities
Heating system
Forced Air, Radiant
Cooling system
Central Air
Water source
Public
Amenities
updated interior and exterior lighting
first-floor office
restroom
unfinished second-floor space
three overhead doors
Building Details
Year built
2013
Additional Structures
Workshop
Listing Agency:
Century 21 Signature Realty · Century 21 Real Estate
(989) 921-7000
Listed By:
Ken Kujawa
(989) 239-5581
Added: Jul 20
Changed: Oct 13
Last Checked: Oct 28 at 7:06PM
MLS# 50215603
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,464-square-foot auto shop combines heated garage and office areas within a 2013-built commercial facility. The building includes a first-floor office, restroom, central air, radiant and forced-air heating, updated interior and exterior lighting, and two hydraulic vehicle lifts. An unfinished second floor provides additional space that can be completed for office use or used for storage. Vehicle access is supported by three overhead doors, including one 14-foot door and two 10-foot doors.
Located on a 0.09-acre lot at 9449 Genesee Street in New Lothrop, the property includes off-street parking, security lighting, and public water service. Its existing configuration is suited to automotive repair, fabrication, or other service-oriented commercial operations.
Located on a 0.09-acre lot at 9449 Genesee Street in New Lothrop, the property includes off-street parking, security lighting, and public water service. Its existing configuration is suited to automotive repair, fabrication, or other service-oriented commercial operations.
Key Highlights
- 2,464‑square‑foot auto shop and office facility on a 0.09‑acre lot
- Three overhead doors: one 14‑foot door and two 10‑foot doors
- Two hydraulic vehicle lifts are installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,949
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,980
$299.0K
Cap Rate 7%
$213,557
$213.6K
Cap Rate 9%
$166,100
$166.1K
Market Conditions
NOI Build-Up for 2,464 SF
Gross rent
$22.2K $9.00/SF
− Vacancy
−$821 −$0.33/SF
EGI
$21.4K $8.67/SF
− OpEx
−$6.4K −$2.60/SF
NOI
$14.9K $6.07/SF
Area
Shiawassee County, MI
Vacancy
3.70%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,980
Cap Rate 7%
$213,557
Cap Rate 9%
$166,100
Alternative Uses
Best Use
Retail
$365.4K
$319.7K – $426.3K
NOI $25,579 @ 7.0% cap · market cap 12.85%
Second Best
Industrial
$213.6K
$186.9K – $249.2K
NOI $14,949 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$469.8K
$411.1K – $548.1K
NOI $32,884 @ 7.0% cap · market cap 16.52%
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
3
Drive-in doors
2
Service bays
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48460, MI
2,341
Population
1,107
Households
2.1
Avg Household Size
44
Median Age
24%
College-Educated
94%
High-School Grad
34.5 sq mi
ZIP Area
68
Density / Sq Mi
$81,146
Median Household Income
$51,842
Median Earnings
$713
Median Rent
$200,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Six T Automotive — 9449 Genesee St, New Lothrop, MI 48460
- Peterson Body Shop — 9501 Genesee St, New Lothrop, MI 48460
Frequently Asked Questions
What type of property is this?
Auto shop - Functional commercial facility with office, restroom, overhead access, and adaptable upper-level space.
Where is this auto shop located?
The property is located at 9449 Genesee Street New Lothrop, MI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 2,464‑square‑foot auto shop and office facility on a 0.09‑acre lot; Three overhead doors: one 14‑foot door and two 10‑foot doors; Two hydraulic vehicle lifts are installed
