178 Ridge StPort Sanilac, MI 48469

Property Details for 178 Ridge St

Lot size

0.41 AC

Property type

Commercial real estate

APN

212-002-200-170-05

APU

21200220017005

Description

This exceptional 3,054 square foot car wash facility, located at 178 S Ridge St in Port Sanilac, Michigan, presents a unique investment opportunity. Built in 2001 and extensively renovated in 2022, this single-story building sits on a 0.41-acre lot (APN: 212-002-200-170-05) and is zoned for General Business use. The property boasts a modern Razor® Touchless Autowash system, featuring one automatic touchless bay and two manual wash bays, ensuring efficient operation and diverse service offerings. A computerized operating system streamlines management, while added amenities like vacuum stations, change machines, and vending machines enhance customer convenience. The high ceilings (13'6") accommodate large vehicles and boats, catering to a broader clientele. Currently operating at 100% occupancy, this turnkey business is ideally situated just half a mile from the marina, guaranteeing high traffic and strong revenue potential. The asking price is $299,950, translating to $98.22 per square foot. This represents a compelling opportunity to acquire a well-established and profitable business in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,209,900

  6.5%

  $3,886,060

  7%

  $3,608,490

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,670,620

  Geo Method

  $1,670,620

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,325,080

  Retail / Commercial

  $3,820,020

  Mixed-Use / Specialty

  $3,856,640

  Hospitality / Lodging

  $2,894,910

  Office

  $3,886,060

  Institutional / Educational

  $4,027,310

  Residential Income

  $4,711,960

  Multifamily

  $5,372,730

  Automotive / Energy

  $3,451,980

  Parking / Income-Based Land

  $1,141,600

  Restaurant / Food Service

  $2,113,100

  Healthcare / Senior Housing

  $3,903,390

Location Insight

City

Port Sanilac

County

Sanilac

State

Michigan

Latitude

43.4258

Longitude

-82.5434

Property Tax & Assessments

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