12851 Reeck RdSouthgate, MI 48195

Property Details for 12851 Reeck Rd

Year built

2003

Lot size

0.91 AC

Property size (Sq ft)

3,900 SF

Property type

Commercial real estate

APN

53 004 99 0004 706

APU

53004990004706

Description

This exceptional investment opportunity presents a thriving, fully operational car wash located at 12851 Reeck Rd, Southgate, MI 48195. Boasting a prime location just off I-75, this high-visibility site benefits from significant daily traffic. The car wash features 3,900 square feet of space situated on a generous 1.11-acre lot, zoned C-2 General Business. The property includes all 2019 equipment, ensuring a smooth transition for new ownership. The expansive lot offers ample room for potential expansion or the addition of complementary businesses. A key feature is a 120-foot deep tunnel and a large detail bay, enhancing operational efficiency and service offerings. This turnkey operation is ready for immediate income generation, making it an attractive investment in a robust retail market. The property's strategic location and modern equipment combine to create a compelling opportunity for significant return on investment. Serious inquiries are encouraged to explore this exceptional business acquisition.

• CAP approach

  CAP return

  Valuation

  6%

  $756,651

  6.5%

  $698,447

  7%

  $648,558

• Comparable approach

  Method

  Valuation

  Relative Method

  $364,806

  Geo Method

  $364,806

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,356,870

  Retail / Commercial

  $699,362

  Mixed-Use / Specialty

  $699,678

  Hospitality / Lodging

  $516,988

  Office

  $698,447

  Institutional / Educational

  $728,387

  Residential Income

  $852,212

  Multifamily

  $1,006,520

  Automotive / Energy

  $624,331

  Parking / Income-Based Land

  $212,674

  Restaurant / Food Service

  $369,903

  Healthcare / Senior Housing

  $714,626

Location Insight

City

Southgate

County

Wayne

State

Michigan

Latitude

42.2138

Longitude

-83.2246

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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