Property profile

8960 Water St Montague, MI 49437

OFF-MARKET
Commercial real estate
Property ID
US43-1139831
1,568 SF 0.55 ac lot
Entity Owned Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Car Wash

Location

8960 Water St Montague, MI 49437-1270
Montague metro Census 3800 MUSKEGON-NORTON SHORES, 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
by Request
Blend (final) Blend
$155k

Owner & transaction history

since 2025
Last sale
$98,000
3 recorded transactions
2025
$125,000
2025
$98,000
1969
Price N/A

Zoning & alternative use

C-2 COM · Montague, 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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