Heated Auto Shop with
9449 Genesee Street New Lothrop, MI 48460
New
9449 Genesee Street, New Lothrop, MI, 48460
$199,000
For Sale
$199,000
COMMERCIAL - New Lothrop, MI
Property Size2,464 SF
Lot Size0.09 Acres
Price / SF$80.76
Days on Market3
Property Features for 9449 Genesee Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 0046000500803
- Size
- 2,464 SF
- Lot size
- 0.09 Acres
Utilities
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2013
Listing agency
Century 21 Signature Realty
(989) 921-7000
Listed by
Ken Kujawa · License #6502333762
(989) 239-5581
Added: Jul 20 Updated: Jul 21 at 9:41AM Checked: Jul 22 at 8:06AM
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.
Investment Insights
Based on property information with market context.
This for-sale commercial property features a fully heated garage/work area with a first-floor office and restroom. The building also includes an unfinished second-floor space that could be completed for additional office use or used for storage, depending on the buyer’s needs. Updated interior and exterior lighting are in place to support day-to-day operations.
Vehicle access is supported by three overhead doors, including one 14-foot door and two 10-foot doors. Two hydraulic vehicle lifts are already installed, providing practical in-shop capability for vehicle maintenance and service activities.
The property is sized at 2,464 square feet and sits on a 0.09-acre lot, with a move-in ready configuration geared toward automotive or service use.
Vehicle access is supported by three overhead doors, including one 14-foot door and two 10-foot doors. Two hydraulic vehicle lifts are already installed, providing practical in-shop capability for vehicle maintenance and service activities.
The property is sized at 2,464 square feet and sits on a 0.09-acre lot, with a move-in ready configuration geared toward automotive or service use.
Key Highlights
- 2013‑built commercial garage with over 2,400 sq. ft. of heated garage and office space
- Central air plus public water service
- First‑floor office and restroom, with an unfinished second‑floor space for additional office or storage
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 | $22.2k | $9.00 |
| − Vacancy | −$821 | −$0.33 |
| EGI | $21.4k | $8.67 |
| − OpEx | −$6.4k | −$2.60 |
| NOI | $14.9k | $6.07 |
2,464 SF · lease $9.00/SF/yr · vacancy 3.70% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Six T Automotive
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Peterson Body Shop — 9501 Genesee St, New Lothrop, MI 48460
- Six T Automotive — 9449 Genesee St, New Lothrop, MI 48460
FAQs
What type of property is this?
Auto shop - Fully heated garage with first-floor office, restroom, and three overhead doors, plus two hydraulic vehicle lifts.
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: 2013‑built commercial garage with over 2,400 sq. ft. of heated garage and office space; Central air plus public water service; First‑floor office and restroom, with an unfinished second‑floor space for additional office or storage
