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    OFF-MARKET
    Commercial real estate

    8960 Water St, Montague, MI 49437-1270

    1,568 SF 0.55 ac lot
    Entity Owned Absentee Owner ~ Est. High Equity
    Property ID
    US43-1139831
    Property summary
    AI-generated overview

    This exceptional business opportunity presents a well-maintained, coin-operated car wash situated in the vibrant downtown Montague, Michigan. Located on the heavily trafficked Water Street, this highly visible property boasts excellent street frontage, ensuring consistent customer traffic. The 170-square-foot building encompasses three washing bays, designed for efficient operation and maximum throughput. Further enhancing customer convenience and revenue streams, the car wash includes a dedicated vacuum center and a vending area stocked with cleaning accessories. The property sits on a sizable 0.55-acre lot, offering ample space for potential expansion or future development. This turnkey operation is offered at $129,900 and represents a compelling investment opportunity for an entrepreneur seeking a profitable and established business in a desirable location. The car wash has a proven track record and is ready for immediate operation, requiring minimal initial investment beyond the purchase price. Financial records are available upon request, allowing prospective buyers to thoroughly assess the business's performance and potential. This is a rare chance to acquire a thriving business in a picturesque Michigan town. The property's prime location and established customer base make it an attractive proposition for both seasoned investors and first-time business owners. Don't miss this chance to own a piece of Montague's thriving commercial landscape.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Total area 1,568 SF
    Lot 0.55 ac (23,871 SF)
    Zoning code C-2 COM
    APN 61-21-185-001-0007-00
    UPID US43-1139831
    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
    Current use
    Occupant on record · Public records
    • Teddy's Car Wash Car Wash
    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
    Mylan Development LLC
    Mylan Development LLC
    since 2025
    Last sale
    $98,000
    3 recorded transactions
    2025
    $125,000
    2025
    $98,000
    1969
    Zoning & alternative use
    C-2 COM · Montague, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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