$1,790,000
7345 North Middlebelt Road
Details
Property Type Retail, Business for Sale
Sub Type Business and Building, Full service car wash
Square Footage 6,467
NOI $1,020,000
Year Built 1963
Year Renovated 2025
Acreage 0.480
Ground Lease No
About This Property for Sale
Marketing description
This offering represents a rare opportunity to acquire a full-service car wash with both real estate and business included. The business has been operating since 1963 and benefits from a strong, loyal customer BASE built over decades. Current operations generate approximately $85,000 per Month, or approximately $1,020,000 annually, with a minimum ticket of $28 and average volume of approximately 100 vehicles per day. Recent capital Improvements reduce near-term capital needs and help position the asset as a stabilized, income-producing opportunity with clear upside for a new owner.
Investment highlights
- Average daily volume: approx. 100 cars per day
- Minimum charge: $28
- Employees: 7-8
- Employee pay rate: approx. $8/hour plus tips and commission
- Manager: owner's brother, currently paid $2,000/week, may stay or be released after closing
- Weekly payroll reported: approx. $4,000-$5,000
- Operating hours: 8:00 am - 7:00 pm
- Currently closed on Sunday
- Fresh water system in use
- Established in 1963
- Strong, loyal customer BASE
- Approximately $1,020,000 in annual gross revenue
- Approximately 100 cars per day
- Minimum wash ticket of $28
- Real estate included in sale
- Recent upgrades to key equipment and customer areas
- Existing assumable land contract available
- Immediate value-add opportunity through Sunday operations, membership program, and management optimization
- New blowers
- New conveyor motors
- New wash arch
- New banana formers for wax
- New interior lighting
- New exterior lighting
- New customer waiting area
- Existing assumable land contract
- Approximate balance: $550,000
- Interest rate:
- Monthly payment:
- Balloon payment due after 5 years
- Located on middlebelt road in westland, michigan
- Immediate area includes Kroger pharmacy and CVS
- Strong retail and commuter traffic patterns
- Regional access to 1-94, 1-75, and 1-96
- Serves westland, dearborn, Allen park, Taylor, and broader metro Detroit drivers
- Open sundays to increase revenue
- Introduce or expand membership recurring revenue model
- Optimize management compensation structure
- Leverage recent equipment upgrades to improve throughput and customer experience
Listing Contacts
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,020,000.00
$85,000.00/mo
Valuation Metrics
0
DSCR
56.98%
Cap Rate
56.98%
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
