Turnkey Automotive Dealership
For Sale
$499,000
W 895 W Shaw Street Unit SourceFi, Howard City, MI 49329
Built in 2007 and offered turnkey, with tools, lifts, and shop equipment included.
Property Size2,760 SF
Price / SF$180.80
Days on Market21
Property Features for W 895 W Shaw Street Unit SourceFi
General Information
Standard status
Active
Size
2,760 SF
Total Parking Spaces
30
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Amenities
3
Composition
225300
Building Details
Year Built
2007
Listing Agency:
Century 21 Affiliated (GR)
(616) 719-9329
Listed By:
Jason Carlson
(616) 719-9329
Source:
Xome
Added: Jul 11
Changed: Jul 26
Last Checked: Jul 31 at 3:25AM
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 Century 21 Affiliated (GR)
Investment Insights
Based on property information with market context.
Built in 2007, this clean and well-maintained automotive dealership facility is offered as a turnkey deal. The package includes the real estate and the operating business assets, along with tools, lifts, and shop equipment. The established lot fits roughly 30 vehicles, and physical vehicle inventory is excluded and will be handled in a separate transaction.
Located in Howard City, MI on a major connector, the property provides high visibility and immediate highway access. It is listed as less than one mile from US-131.
The listing describes the operation as ready for a seamless transition, with the current owner outlining ways for the next buyer to expand and increase profits.
Located in Howard City, MI on a major connector, the property provides high visibility and immediate highway access. It is listed as less than one mile from US-131.
The listing describes the operation as ready for a seamless transition, with the current owner outlining ways for the next buyer to expand and increase profits.
Key Highlights
- Commercial facility built in 2007 with composition roof
- Tools, lifts, and shop equipment included with the sale
- Sale includes real estate plus operating business assets; physical vehicle inventory excluded (separate transaction)
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 | $61.6k | $22.32 |
| − Vacancy | −$1.5k | −$0.54 |
| EGI | $60.1k | $21.78 |
| − OpEx | −$18.0k | −$6.54 |
| NOI | $42.1k | $15.25 |
2,760 SF · lease $22.32/SF/yr · vacancy 2.40% · expense 30.00%
Alternative Uses
Best Use
Industrial
$601.2K
$526.1K – $701.5K
NOI $42,087 @ 7.0% cap · market cap 8.43%
Second Best
Retail
$409.3K
$358.1K – $477.5K
NOI $28,651 @ 7.0% cap · market cap 5.74%
Theoretical Best
Self Storage
$38.20M
$33.42M – $44.56M
NOI $2,673,775 @ 7.0% cap · market cap 535.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49329, MI
8,707
Population
3,824
Households
2.3
Avg Household Size
39
Median Age
15%
College-Educated
89%
High-School Grad
78.6 sq mi
ZIP Area
111
Density / Sq Mi
$71,585
Median Household Income
$37,418
Median Earnings
$870
Median Rent
$190,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- S.R. Automotive — 757 Ensley St, Howard City, MI 49329
- The Service Shop — 513 Ensley St, Howard City, MI 49329
- Keller North Country Motors — 895 Shaw St, Howard City, MI 49329
- Howard City service — 875 Shaw St, Howard City, MI 49329
- Howard City Collision — 507 Shaw St, Howard City, MI 49329
Frequently Asked Questions
What type of property is this?
Auto shop - Built in 2007 and offered turnkey, with tools, lifts, and shop equipment included.
Where is this auto shop located?
The property is located at W 895 W Shaw Street Unit SourceFi Howard City, MI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Commercial facility built in 2007 with composition roof; Tools, lifts, and shop equipment included with the sale; Sale includes real estate plus operating business assets; physical vehicle inventory excluded (separate transaction)
