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Car Wash with Billboard
New
For Sale
$330,000
Pending

965 W Michigan Ave, Ypsilanti, MI 48197

GC-zoned property on W Michigan Ave receives approximately 15,000 vehicles per day, with the current tenant set to vacate after closing.

Property Size4,990 SF
Days on Market5

Property Features for 965 W Michigan Ave

General Information

Standard status Pending
Size 4,990 SF
Property subtype Commercial
Zoning GC

Site & Location

Traffic Count 15,000 vehicles/day
Road Access Yes

Tenancy & Operations

Tenant in Place Yes
Real Estate Included Yes

Taxes and HOA fees

Annual Taxes $5,937

Amenities

billboard

Building Details

Building Size 4,990 SF
Year Built 1944
Listed By: Sobhi Sobh
Source: Elliman
Added: Oct 24 Changed: Oct 25 Last Checked: Oct 28 at 9:23AM

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 Sobhi Sobh

Rey
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Investment Insights

Based on property information with market context.

The car wash property at 965 W Michigan Ave was built in 1944 and is zoned GC (General Corridor). The existing tenant is expected to leave after the sale, allowing the next owner to occupy the property or pursue another use subject to zoning requirements. A billboard on the property provides annual income paid by its owner.

Situated near Downtown Ypsilanti, the site fronts W Michigan Ave, where approximately 15,000 vehicles pass daily. WalkScore is 88, BikeScore is 87, and TransitScore is 56.

Key Highlights

  • GC (General Corridor) zoning
  • Approximately 15,000 vehicles pass daily on W Michigan Ave
  • Billboard generates $2,500 annually, paid by the billboard owner

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Mister Nutrition Physician Avenue Professional Detailing ... Car Wash

Suggested Use

Top Pick Dental Office HVAC Service Pharmacy Furniture & Home Goods Kitchen & Bath Showroom Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

15,000 VPD
Traffic count
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

675
Businesses Nearby

Demographics for 48197, MI

67,895
Population
28,649
Households
2.4
Avg Household Size
33
Median Age
47%
College-Educated
94%
High-School Grad
41.2 sq mi
ZIP Area
1,648
Density / Sq Mi
$70,913
Median Household Income
$39,314
Median Earnings
$1,203
Median Rent
$274,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Car wash - GC-zoned property on W Michigan Ave receives approximately 15,000 vehicles per day, with the current tenant set to vacate after closing.
Where is this car wash located?
The property is located at 965 W Michigan Ave Ypsilanti, MI.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: GC (General Corridor) zoning; Approximately 15,000 vehicles pass daily on W Michigan Ave; Billboard generates $2,500 annually, paid by the billboard owner
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