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$ 799,000
Est. payment /mo
New
6245 E 7 Mile Road Detroit, MI 48234
2,094 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,094 sqft
Price per Sqft $381
MLS Listing ID 20261050725
Year Built 1955
Annual Tax Amount $4,086
Lot Size 0.310 Acres
Acres 0.31
Lot Dimensions 134.51X100
Source Realcomp
Property Description
Diamond Glow Auto Wash – Business & Real Estate For Sale. Exceptional opportunity to acquire a fully renovated, turnkey express car wash with both the business and real estate included. The property offers zero deferred maintenance following comprehensive renovations and currently generates approximately $180,000 in NOI, with a pro forma NOI of approximately $240,000 through the recently installed SiteWatch system, representing an estimated $60,000 in additional annual operational income. Ownership reports limited day-to-day oversight, creating an attractive low-management investment opportunity. Included in the sale is approximately $50,000 in brand-new backup equipment, providing added value and operational security from day one. Offered at $799,000, the investment provides an approximate 3–4 year payback on capital based on current performance, with additional upside through the projected pro forma income. Seller financing is available for qualified buyers.
Location
State MI
County Wayne
Zoning Commercial
Direction Heading South On Mound Rd Make a Left To Go East On 7 Mile Rd And 6245 Will Be On Your Left Hand Side
Exterior
View Y/N No
Building
Water Public
Structure Type Other
Schools
School District Detroit
Others
Tax ID W13I008684C90
Listed by ICON Realty Experts, LLC
NEARBY SCHOOLS & PROPERTIES