4057 Dix HwyLincoln Park, MI 48146

  • Commercial real estate
  • 3,836 SF
For Lease
$15/SF/YR View listing

Property Details for 4057 Dix Hwy

Year built
1966
Lot size
0.35 AC
Property size (Sq ft)
3,836 SF
Property type
Commercial real estate
APN
45 022 05 0096 001
APU
45022050096001

Description

This exceptional investment opportunity presents a fully renovated and operational tunnel car wash located at 4057 Dix Hwy, Lincoln Park, MI 48146. The property boasts a total of 3,836 square feet, encompassing a single-tenant car wash facility. Recent improvements include a brand new roof and updated electrical systems, ensuring efficient and reliable operation. The existing equipment has also undergone a complete refurbishment, enhancing its longevity and performance. A key advantage of this property lies in its versatility. Beyond the main tunnel wash, the property includes two additional bays, offering significant potential for expansion or diversification of services. These extra bays could be utilized for various purposes, allowing for increased revenue streams and enhanced operational flexibility. While the information provided is believed to be accurate, potential buyers are strongly encouraged to independently verify all details. This presents a rare chance to acquire a well-maintained, high-performing car wash with significant upside potential in a desirable location. The property's strong operational history, coupled with its recent renovations and added bay space, makes it an attractive investment for both seasoned and emerging entrepreneurs in the car wash industry.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $896,327
    Hospitality
    $821,030
    Educational
    $683,088
    Medical
    $706,580
    Retail
    $1,062,581

Location Insight

City
Lincoln Park
County
Wayne
State
Michigan
Latitude
42.2243
Longitude
-83.1937
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$4,966
-
-
$130,500
-
-
-
$261,000

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