506 7Th StEvart, MI 49631

Property Details for 506 7Th St

Lot size

0.40 AC

Property type

Commercial real estate

APN

51 100 463 00

APU

5110046300

Description

This exceptional turnkey car wash opportunity is situated on a high-traffic section of US-10 in Evart, Michigan. The 2,500 square foot building, constructed of decorative block, features four self-service wash bays and one modern touchless bay. The touchless bay utilizes a Rainmaker Hydro Spray system with software updated in 2015, ensuring efficient and high-quality cleaning. Significant upgrades were completed in 2022, including the installation of new Kinetico water softeners and reverse osmosis systems. These improvements, along with a newly installed sewer meter, have resulted in a notable 28% reduction in monthly sewer and water expenses. The property also includes a convenient office area and a restroom for staff and customers. This well-maintained car wash sits on a 0.4-acre lot and presents a profitable, established business ready for immediate operation. Financial records are available upon request to qualified buyers. The property is priced at $435,000 and offers a strong return on investment for the right buyer. This is a rare opportunity to acquire a thriving, established business in a desirable location. Don't miss out on this chance to own a successful and profitable car wash.

• CAP approach

  CAP return

  Valuation

  6%

  $3,606,690

  6.5%

  $3,329,250

  7%

  $3,091,440

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,269,480

  Geo Method

  $2,269,480

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $6,136,810

  Retail / Commercial

  $3,228,700

  Mixed-Use / Specialty

  $3,281,630

  Hospitality / Lodging

  $2,491,520

  Office

  $3,329,250

  Institutional / Educational

  $3,434,600

  Residential Income

  $4,018,480

  Multifamily

  $4,462,320

  Automotive / Energy

  $2,943,940

  Parking / Income-Based Land

  $952,255

  Restaurant / Food Service

  $1,844,320

  Healthcare / Senior Housing

  $3,299,170

Location Insight

City

Evart

County

Osceola

State

Michigan

Latitude

43.9009

Longitude

-85.2649

Property Tax & Assessments

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