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    FOR SALE
    Gas stations

    30544 Grand River Ave, Farmington Hills, MI 48336

    5,667 SF 0.42 ac lot Built 1980
    Entity Owned 4-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-5167107
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Gas stations
    Use group SERVICE STATION (FULL SERVICE)
    Year built 1980
    Total area 5,667 SF
    Lot 0.42 ac (18,295 SF)
    Zoning code BI
    APN 22-23-35-128-029
    UPID US43-5167107
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Grand Property LLC · 4 yrs held
    Grand Property LLC
    since 2021
    7 recorded transactions
    2021
    2013
    $60,000
    2012
    $98,640
    2004
    $450,000
    2004
    2002
    $650,000
    1969
    Zoning & alternative use
    BI · Farmington Hills, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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