Woods Wonder Wash

Retail-Commercial for Sale
Catylist Listing ID: 30732510
Property Subtypes: Car Wash
Building Size (RSF): 6,316 SF
Gross Building Area: See Agent
Gross Land Area: 3.80 Acres
Sale Price: $568,000
Unit Price: $89.93 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 6/10/2021

Overview / Comments

NorthStar Commercial is pleased to present two of the few remaining Ionia area self serve/automatic car washes. Being sold individually or as a package, Wood's Wonder Wand located at 426 S Steele St Ionia consists of 4 self serve bays and 1 automatic tunnel (42 feet long) meanwhile the 1142 State St location consists of 6 self serve bays. Located less than a quarter-mile from each other, there is substantial opportunity to redevelop 1142 S State Rd for indoor/outdoor storage or continue to operate this cash-flowing business.

Please contact broker for detailed financials.

Financials

Finance Data Year 2019
Gross Operating Income $157,187 (Annual)
Net Operating Income $89,127 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Ionia
Taxing Authority: City of Ionia
Tax ID/APN: 201-110-000-055-00; 060-090-000-290-00
Zoning: B-3 & L-1
Retail Clientele: General, Family, Traveler, Recreation
Property Visibility: Excellent
Tenancy: Single Tenant
Property Condition: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,592 13,827 20,230
Median Age: 33.01 34.39 35.73
Households: 1,340 3,377 5,791

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