Property profile

20690 Telegraph Rd Brownstown, MI 48174

OFF-MARKET
Commercial real estate
Property ID
US43-0505210
2,730 SF 1 ac lot Built 1979
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This fully operational car wash in Romulus, MI, boasts five self-serve bays, including a 12-foot oversized truck bay, and one automatic, touchless bay with advanced drying technology. Three self-serve vacuum stations with tap-and-pay functionality add customer convenience. A newly installed compressor ensures reliable equipment operation. The 2,730 square foot facility is situated on one acre of land in a high-traffic area at the intersection of King Rd. and Telegraph Rd., offering excellent visibility and accessibility. The business benefits from a strong, loyal customer base. An adjacent one-acre lot is also available for separate purchase, presenting expansion opportunities. This turnkey operation includes all necessary equipment, making it an ideal investment for an entrepreneur seeking an established, profitable business in a growing area. The property is listed at $500,000, with the adjacent one-acre lot available for $125,000. The adjacent lot is listed under MLS # 20240093390, and the car wash and lot together are also listed under MLS # 20240093390.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1979
Total area 2,730 SF
Lot 1 ac (43,560 SF)
Zoning code B-2
APN 70 026 01 0017 000
UPID US43-0505210

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

20690 Telegraph Rd Brownstown, MI 48174-9732
Brownstown metro Census 591600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$588k
Blend (final) Blend
$300k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2010
$165,000
1969
Price N/A

Zoning & alternative use

B-2 · Brownstown, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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