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Additional details
$ 799,000
Est. payment /mo
New
6245 E 7 Mile RD Detroit, MI 48234
2,094 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type BusinessandRealEstate
Listing Status Active
Purchase Type For Sale
Square Footage 2,094 sqft
Price per Sqft $381
Subdivision Kolowich Geo J
MLS Listing ID 20261050725
Year Built 1955
Lot Size 0.310 Acres
Acres 0.31
Property Sub-Type BusinessandRealEstate
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
Area Area05051Det68Dequindretoconner
Interior
Heating E N E R G Y S T A R Qualified Furnace Equipment, Natural Gas
Fireplace No
Exterior
View Y/N No
Garage false
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
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Listed by Joseph Jazrwy of ICON Realty Experts, LLC
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