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83 W Fourth St 1,865 SF Specialty Building Offered at $425,000 at a 10.59% Cap Rate in Suttons Bay, MI 49682
Investment Highlights
- The only car wash in the entire county
- Seller's manager will stay on to help with transition
- Mostly autonomous business
Executive Summary
Rare Opportunity to acquire the only carwash in Leelanau County. Three self serve bays and one automatic wash. Multiple vacuums, a bill changer and vending machine. Sale includes land, buildings and all equipment. Rental income shown on this listing is amount seller pays to himself. Gross revenues hover around $120,000.00 annually.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $425,000 | Building Class | C |
| Price Per SF | $227.88 | Lot Size | 1.02 AC |
| Sale Type | Investment or Owner User | Building Size | 1,865 SF |
| Cap Rate | 10.59% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 2004/2005 |
| Property Subtype | Car Wash | ||
| Zoning | Commercial- - The property is located in a commercial plaza in the Village of Suttons Bay. It is zoned South Business District allowing for a wide range of uses. | ||
| Price | $425,000 |
| Price Per SF | $227.88 |
| Sale Type | Investment or Owner User |
| Cap Rate | 10.59% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.02 AC |
| Building Size | 1,865 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2004/2005 |
| Zoning | Commercial- - The property is located in a commercial plaza in the Village of Suttons Bay. It is zoned South Business District allowing for a wide range of uses. |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 043-828-001-50 | Total Assessment | $179,730 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
043-828-001-50
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$179,730 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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83 W Fourth St
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