3133 Cedar StLansing, MI 48910

Property Details for 3133 Cedar St

Year built

1965

Lot size

0.36 AC

Zone code

F COMM

Property type

Retail properties

Property subtype

Auto shops

APN

33-01-01-28-476-021

APU

33010128476021

Description

This thriving self-service car wash, located at 3133 S Cedar St, Lansing, MI 48910, presents a unique investment opportunity. Priced at $189,999, this business boasts recently upgraded equipment including new LED lighting (interior and exterior), new air compressors, a new hot water boiler system, and a new Weep Miser. All four bays feature credit card processing capabilities. The car wash is currently in full operation and will remain so until closing. Land contract terms are available, requiring a minimum down payment of $100,000. While profit and loss statements are unavailable due to the owner's involvement in other businesses, this turnkey operation offers a strong potential for return on investment. The current owner acquired the property last year. A Michigan licensed showing agent must be present for all showings. All information is deemed reliable but not guaranteed.

• CAP approach

  CAP return

  Valuation

  6%

  $1,442,120

  6.5%

  $1,331,187

  7%

  $1,236,102

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,696,574

  Geo Method

  $3,696,574

• Alternative Use

  Use

  Valuation

  Residential

  $1,122,906

  Hospitality

  $1,028,576

  Educational

  $855,763

  Medical

  $885,194

  Retail

  $1,331,187

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.7002

Longitude

-84.5476

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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