30544 Grand River AveFarmington Hills, MI 48336

Property Details for 30544 Grand River Ave

Year built

1980

Lot size

0.42 AC

Property size (Sq ft)

5,667 SF

Zone code

BI

Property type

Retail properties

Property subtype

Gas stations

APN

22-23-35-128-029

APU

222335128029

Description

This exceptional investment opportunity presents a 5,667 square foot car wash located at 30544 Grand River Avenue, Farmington Hills, Michigan 48336. Built in 1980, this single-story building sits on a 0.42-acre lot. The asking price is $399,000, translating to $70.41 per square foot. The sale includes both the real estate and existing equipment. This property is situated in a high-traffic area, offering significant potential for increased revenue. The location boasts proximity to major retailers such as Target, Dunham's, and Dollar Tree, ensuring consistent customer flow. While the seller does not have financial information available for the business, this presents a unique opportunity for an investor to implement their own business strategies and potentially add automated washes and more vacuum stations to enhance profitability. The property is privately owned and presents a strong foundation for a successful car wash operation. Serious inquiries are encouraged to schedule a showing.

• CAP approach

  CAP return

  Valuation

  6%

  $1,426,079

  6.5%

  $1,316,381

  7%

  $1,222,354

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,335,830

  Geo Method

  $1,335,830

• Alternative Use

  Use

  Valuation

  Residential

  $1,110,417

  Hospitality

  $1,017,136

  Educational

  $846,245

  Medical

  $875,349

  Retail

  $1,316,381

Location Insight

City

Farmington Hills

County

Oakland

State

Michigan

Latitude

42.4533

Longitude

-83.3483

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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